California State Teachers Retirement System cut its stake in Archrock, Inc. (NYSE:AROC) by 9.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,836 shares of the energy company’s stock after selling 13,200 shares during the quarter. California State Teachers Retirement System owned about 0.17% of Archrock worth $1,412,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Pacad Investment Ltd. raised its holdings in Archrock by 6.0% during the second quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock worth $101,000 after purchasing an additional 500 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Archrock by 79.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 14,008 shares of the energy company’s stock valued at $159,000 after purchasing an additional 6,218 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Archrock by 4.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 16,650 shares of the energy company’s stock valued at $190,000 after purchasing an additional 780 shares during the period. UBS Group AG grew its holdings in shares of Archrock by 101.3% during the 1st quarter. UBS Group AG now owns 20,020 shares of the energy company’s stock valued at $248,000 after acquiring an additional 10,077 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Archrock by 39.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 23,082 shares of the energy company’s stock valued at $263,000 after acquiring an additional 6,529 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on AROC shares. Zacks Investment Research cut shares of Archrock from a “hold” rating to a “strong sell” rating in a report on Friday, November 10th. BidaskClub lowered shares of Archrock from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 11th. Royal Bank Of Canada raised shares of Archrock from a “sector perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research note on Monday, August 21st. Finally, Scotiabank reaffirmed a “hold” rating and set a $14.00 price objective on shares of Archrock in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $13.29.
Shares of Archrock, Inc. (AROC) remained flat at $$9.70 on Wednesday. 453,448 shares of the stock traded hands, compared to its average volume of 562,938. Archrock, Inc. has a 12-month low of $8.30 and a 12-month high of $16.40. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.63 and a quick ratio of 0.94.
Archrock (NYSE:AROC) last announced its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The firm had revenue of $197.85 million during the quarter, compared to the consensus estimate of $202.34 million. Archrock had a negative net margin of 8.62% and a negative return on equity of 2.93%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $0.01 EPS. sell-side analysts expect that Archrock, Inc. will post -0.23 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend was Tuesday, November 7th. Archrock’s payout ratio is presently -48.98%.
Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.
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