Archrock, Inc. (NYSE:AROC) Shares Acquired by Swiss National Bank

Swiss National Bank raised its stake in shares of Archrock, Inc. (NYSE:AROC – Get Rating) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 338,200 shares of the energy company’s stock after purchasing an additional 6,900 shares during the quarter. Swiss National Bank owned about 0.22% of Archrock worth $3,037,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AROC. JPMorgan Chase & Co. boosted its holdings in shares of Archrock by 66.8% in the 1st quarter. JPMorgan Chase & Co. now owns 669,028 shares of the energy company’s stock valued at $6,175,000 after acquiring an additional 267,886 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Archrock by 6.8% in the 1st quarter. Citigroup Inc. now owns 129,456 shares of the energy company’s stock valued at $1,194,000 after acquiring an additional 8,210 shares during the last quarter. Natixis Advisors L.P. purchased a new stake in shares of Archrock in the 1st quarter valued at $308,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Archrock in the 1st quarter valued at $1,081,000. Finally, MetLife Investment Management LLC boosted its holdings in Archrock by 53.7% during the first quarter. MetLife Investment Management LLC now owns 75,819 shares of the energy company’s stock worth $700,000 after buying an additional 26,498 shares in the last quarter. 82.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Archrock news, major shareholder Ocean Reserves Lp Old sold 557,737 shares of Archrock stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $10.83, for a total transaction of $6,040,291.71. Following the completion of the sale, the insider now directly owns 16,172,626 shares in the company, valued at $175,149,539.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Archrock news, CAO Donna A. Henderson sold 13,961 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $11.11, for a total transaction of $155,106.71. Following the completion of the transaction, the chief accounting officer now owns 50,039 shares in the company, valued at approximately $555,933.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Ocean Reserves Lp Old sold 557,737 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $10.83, for a total transaction of $6,040,291.71. Following the transaction, the insider now owns 16,172,626 shares of the company’s stock, valued at approximately $175,149,539.58. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Archrock Price Performance

Shares of NYSE AROC opened at $9.55 on Tuesday. Archrock, Inc. has a 52 week low of $6.28 and a 52 week high of $11.49. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 2.34 and a beta of 1.74. The firm has a 50-day simple moving average of $9.82 and a 200-day simple moving average of $9.44. The company has a quick ratio of 0.68, a current ratio of 1.19 and a debt-to-equity ratio of 1.81.

Archrock (NYSE:AROC – Get Rating) last released its quarterly earnings data on Tuesday, May 2nd. The energy company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Archrock had a net margin of 6.73% and a return on equity of 6.83%. The firm had revenue of $229.83 million during the quarter, compared to analysts’ expectations of $226.50 million. On average, equities analysts predict that Archrock, Inc. will post 0.59 earnings per share for the current fiscal year.

Archrock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 16th. Investors of record on Tuesday, May 9th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.28%. The ex-dividend date of this dividend was Monday, May 8th. Archrock’s payout ratio is currently 157.90%.

Analyst Ratings Changes

A number of analysts recently issued reports on AROC shares. Raymond James increased their price target on shares of Archrock from $10.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, February 24th. 500.com reaffirmed a “reiterates” rating on shares of Archrock in a report on Thursday, May 4th. StockNews.com raised shares of Archrock from a “hold” rating to a “buy” rating in a report on Friday, May 12th. Finally, Royal Bank of Canada increased their target price on shares of Archrock from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd.

Archrock Profile

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Archrock, Inc engages in the provision of operations, maintenance, service and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services. The Contract Operations segment includes the owned fleet of natural gas compression equipment that the company uses to provide operations services.