Great Lakes Advisors LLC Has $5.20 Million Stock Holdings in Archrock, Inc. $AROC

Great Lakes Advisors LLC decreased its position in Archrock, Inc. (NYSE:AROC) by 43.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 197,587 shares of the energy company’s stock after selling 153,307 shares during the period. Great Lakes Advisors LLC owned 0.11% of Archrock worth $5,199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AROC. Balyasny Asset Management L.P. acquired a new stake in shares of Archrock during the 2nd quarter worth approximately $16,027,000. Franklin Resources Inc. grew its holdings in Archrock by 78.7% during the 2nd quarter. Franklin Resources Inc. now owns 1,237,956 shares of the energy company’s stock worth $30,738,000 after acquiring an additional 545,336 shares during the period. American Century Companies Inc. lifted its stake in shares of Archrock by 9.2% in the 2nd quarter. American Century Companies Inc. now owns 5,886,085 shares of the energy company’s stock valued at $146,152,000 after purchasing an additional 497,121 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of Archrock by 256.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 498,418 shares of the energy company’s stock worth $12,376,000 after purchasing an additional 358,658 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of Archrock by 87.0% during the second quarter. Qube Research & Technologies Ltd now owns 603,351 shares of the energy company’s stock worth $14,981,000 after purchasing an additional 280,745 shares during the period. 95.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AROC has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Archrock in a report on Wednesday, January 21st. Evercore ISI lifted their price objective on shares of Archrock from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Zacks Research downgraded shares of Archrock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Royal Bank Of Canada lifted their price target on shares of Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.40.

Insider Buying and Selling

In other Archrock news, SVP Eric W. Thode sold 40,740 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $25.10, for a total transaction of $1,022,574.00. Following the completion of the transaction, the senior vice president owned 184,216 shares of the company’s stock, valued at $4,623,821.60. This represents a 18.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.60% of the company’s stock.

Archrock Stock Performance

Shares of AROC stock opened at $29.60 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.01 and a current ratio of 1.56. Archrock, Inc. has a 52 week low of $20.12 and a 52 week high of $30.19. The company’s 50 day moving average price is $25.99 and its two-hundred day moving average price is $24.91. The company has a market capitalization of $5.19 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 1.33 and a beta of 0.92.

Archrock (NYSE:AROC) last released its quarterly earnings results on Wednesday, October 29th. The energy company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. The company had revenue of $382.43 million during the quarter, compared to analysts’ expectations of $379.29 million. Archrock had a net margin of 18.43% and a return on equity of 20.17%. The business’s quarterly revenue was up 30.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 earnings per share. On average, analysts expect that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Tuesday, February 10th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, February 10th. This is a boost from Archrock’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.0%. Archrock’s dividend payout ratio is 56.00%.

Archrock Profile

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.