Maryland State Retirement & Pension System Sells 26,685 Shares of Archrock, Inc. $AROC

Maryland State Retirement & Pension System lessened its position in shares of Archrock, Inc. (NYSE:AROC) by 51.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,276 shares of the energy company’s stock after selling 26,685 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Archrock were worth $665,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB boosted its stake in Archrock by 164.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock valued at $28,000 after acquiring an additional 673 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Archrock by 217.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after purchasing an additional 902 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Archrock in the 3rd quarter worth $34,000. Farther Finance Advisors LLC grew its stake in Archrock by 49.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,640 shares of the energy company’s stock worth $43,000 after buying an additional 546 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Archrock during the 2nd quarter worth $59,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Archrock Stock Performance

AROC opened at $27.91 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.01 and a debt-to-equity ratio of 1.80. Archrock, Inc. has a 12-month low of $20.12 and a 12-month high of $30.19. The firm has a 50 day moving average of $25.37 and a two-hundred day moving average of $24.70. The firm has a market capitalization of $4.89 billion, a PE ratio of 18.61, a P/E/G ratio of 1.27 and a beta of 0.92.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AROC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Archrock in a research note on Wednesday. Zacks Research lowered shares of Archrock from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Evercore ISI lifted their target price 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. Finally, Royal Bank Of Canada boosted their target price 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.40.

Insider Buying and Selling at Archrock

In other Archrock news, SVP Eric W. Thode sold 40,740 shares of Archrock stock in a transaction dated 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 in the company, valued at approximately $4,623,821.60. This trade represents a 18.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.60% of the company’s stock.

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.