Dimensional Fund Advisors LP Has $192.26 Million Holdings in Archrock, Inc. $AROC

Dimensional Fund Advisors LP lessened its holdings in shares of Archrock, Inc. (NYSE:AROC) by 19.1% during the 1st quarter, HoldingsChannel reports. The firm owned 5,524,830 shares of the energy company’s stock after selling 1,308,460 shares during the period. Dimensional Fund Advisors LP’s holdings in Archrock were worth $192,262,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AROC. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Archrock during the fourth quarter worth $61,144,000. Neuberger Berman Group LLC raised its stake in shares of Archrock by 9,756.7% in the 4th quarter. Neuberger Berman Group LLC now owns 1,293,002 shares of the energy company’s stock valued at $33,644,000 after purchasing an additional 1,279,884 shares during the period. Stephens Investment Management Group LLC bought a new stake in Archrock in the 4th quarter valued at approximately $32,904,000. Norges Bank acquired a new stake in shares of Archrock in the fourth quarter valued at approximately $18,721,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Archrock in the second quarter worth $16,027,000. 95.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on AROC shares. Zacks Research cut shares of Archrock from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Royal Bank Of Canada raised their price target on Archrock from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday. Citigroup boosted their target price on shares of Archrock from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Weiss Ratings lowered shares of Archrock from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, July 13th. Finally, Mizuho upped their target price on shares of Archrock from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.71.

Insider Activity

In other Archrock news, CFO Doug S. Aron sold 90,000 shares of Archrock stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $36.74, for a total value of $3,306,600.00. Following the completion of the sale, the chief financial officer owned 394,337 shares in the company, valued at $14,487,941.38. The trade was a 18.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jason Ingersoll sold 33,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $38.19, for a total transaction of $1,260,270.00. Following the completion of the sale, the senior vice president directly owned 277,454 shares of the company’s stock, valued at $10,595,968.26. This represents a 10.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 158,000 shares of company stock worth $5,907,370 over the last 90 days. 2.90% of the stock is currently owned by corporate insiders.

Archrock Price Performance

NYSE:AROC opened at $36.17 on Friday. The company has a market cap of $6.34 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.68 and a beta of 0.84. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.41 and a quick ratio of 0.91. Archrock, Inc. has a one year low of $21.17 and a one year high of $42.23. The firm’s fifty day moving average price is $37.14 and its two-hundred day moving average price is $34.77.

Archrock (NYSE:AROC) last issued its quarterly earnings data on Tuesday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.05). Archrock had a return on equity of 22.89% and a net margin of 21.45%.The company had revenue of $373.77 million for the quarter, compared to analyst estimates of $378.36 million. The business’s revenue was up 7.7% compared to the same quarter last year. Equities analysts expect that Archrock, Inc. will post 1.9 earnings per share for the current year.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Tuesday, August 4th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, August 4th. This is a positive change from Archrock’s previous quarterly dividend of $0.22. Archrock’s dividend payout ratio (DPR) is 47.83%.

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.