Calamos Advisors LLC Invests $1.01 Million in Archrock, Inc. $AROC

Calamos Advisors LLC acquired a new stake in Archrock, Inc. (NYSE:AROC) in the 1st quarter, HoldingsChannel reports. The fund acquired 29,167 shares of the energy company’s stock, valued at approximately $1,015,000.

Other institutional investors have also recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV increased its stake in Archrock by 1.7% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 18,744 shares of the energy company’s stock worth $652,000 after buying an additional 311 shares during the period. Financial Security Advisor Inc. boosted its position in Archrock by 3.0% in the 4th quarter. Financial Security Advisor Inc. now owns 12,000 shares of the energy company’s stock valued at $312,000 after buying an additional 344 shares during the period. Crossmark Global Holdings Inc. boosted its position in Archrock by 3.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 10,290 shares of the energy company’s stock valued at $268,000 after buying an additional 366 shares during the period. Severin Investments LLC grew its stake in shares of Archrock by 2.0% in the fourth quarter. Severin Investments LLC now owns 20,111 shares of the energy company’s stock worth $523,000 after acquiring an additional 400 shares in the last quarter. Finally, Sound Income Strategies LLC grew its stake in shares of Archrock by 71.0% in the fourth quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock worth $26,000 after acquiring an additional 403 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Jason Ingersoll sold 33,000 shares of the stock in a transaction on 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 owned 277,454 shares in the company, valued at $10,595,968.26. This represents a 10.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Doug S. Aron sold 90,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $36.74, for a total transaction of $3,306,600.00. Following the sale, the chief financial officer owned 394,337 shares of the company’s stock, valued at approximately $14,487,941.38. This represents a 18.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 158,000 shares of company stock worth $5,907,370 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.

Archrock Stock Down 1.5%

Shares of NYSE AROC opened at $36.94 on Friday. The business has a 50-day moving average price of $37.08 and a 200 day moving average price of $34.35. The stock has a market cap of $6.47 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.64 and a beta of 0.84. The company has a quick ratio of 0.91, a current ratio of 1.41 and a debt-to-equity ratio of 1.57. Archrock, Inc. has a 52-week low of $21.17 and a 52-week high of $42.23.

Archrock (NYSE:AROC) last released its quarterly earnings results on Tuesday, May 5th. The energy company reported $0.42 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 firm had revenue of $373.77 million for the quarter, compared to analyst estimates of $378.36 million. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts forecast that Archrock, Inc. will post 1.9 earnings per share for the current year.

Archrock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 12th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.4%. Archrock’s dividend payout ratio (DPR) is 47.83%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AROC. Raymond James Financial reaffirmed an “outperform” rating and set a $46.00 price objective on shares of Archrock in a research report on Thursday, May 7th. Wells Fargo & Company lifted their target price on Archrock from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Citigroup boosted their target price on Archrock from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Stifel Nicolaus set a $41.00 price target on Archrock in a report on Thursday, May 7th. Finally, Weiss Ratings lowered Archrock from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.14.

Archrock Company 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.