Sei Investments Co. Sells 96,007 Shares of Archrock, Inc. $AROC

Sei Investments Co. lessened its position in Archrock, Inc. (NYSE:AROC) by 2.1% in the first quarter, Holdings Channel.com reports. The firm owned 4,433,355 shares of the energy company’s stock after selling 96,007 shares during the quarter. Sei Investments Co.’s holdings in Archrock were worth $154,281,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC boosted its stake in shares of Archrock by 71.0% during the fourth quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock valued at $26,000 after purchasing an additional 403 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of Archrock during the first quarter worth about $26,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Archrock in the fourth quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Archrock in the fourth quarter valued at approximately $33,000. Finally, Jones Financial Companies Lllp raised its holdings in Archrock by 217.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after buying an additional 902 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Insiders Place Their Bets

In other Archrock news, SVP Jason Ingersoll sold 33,000 shares of the company’s 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 sale, the senior vice president owned 277,454 shares of the company’s stock, valued at approximately $10,595,968.26. This represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Doug S. Aron sold 90,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $36.74, for a total value 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. The trade was a 18.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 158,000 shares of company stock valued at $5,907,370 in the last three months. 2.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on AROC. Citigroup lifted their target price on shares of Archrock from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Mizuho upped their price target on shares of Archrock from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Wells Fargo & Company raised their price target on shares of Archrock from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Zacks Research lowered shares of Archrock from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Finally, Weiss Ratings cut shares of Archrock from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, July 13th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.71.

Archrock Stock Performance

NYSE:AROC opened at $38.38 on Friday. The company has a market capitalization of $6.73 billion, a PE ratio of 20.86, a P/E/G ratio of 1.68 and a beta of 0.84. The company has a 50 day simple moving average of $37.17 and a two-hundred day simple moving average of $34.76. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.91 and a current ratio of 1.41. Archrock, Inc. has a fifty-two week low of $21.17 and a fifty-two week high of $42.23.

Archrock (NYSE:AROC) last released its quarterly earnings results 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). The firm had revenue of $373.77 million for the quarter, compared to the consensus estimate of $378.36 million. Archrock had a return on equity of 22.89% and a net margin of 21.45%.The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Research analysts anticipate 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. Stockholders 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 dividend yield of 2.4%. This is a boost from Archrock’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, August 4th. Archrock’s dividend payout ratio is currently 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.