Archrock, Inc. (AROC) Holdings Decreased by California State Teachers Retirement System

California State Teachers Retirement System decreased its stake in shares of Archrock, Inc. (NYSE:AROC) by 9.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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.

Other large investors also recently bought and sold shares of the company. Pacad Investment Ltd. increased its holdings in shares of Archrock by 6.0% during the 2nd quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock worth $101,000 after acquiring an additional 500 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of 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 worth $159,000 after acquiring an additional 6,218 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of 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 worth $190,000 after acquiring an additional 780 shares during the last quarter. UBS Group AG increased 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 worth $248,000 after acquiring an additional 10,077 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased 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 worth $263,000 after acquiring an additional 6,529 shares during the last quarter. 88.63% of the stock is currently owned by hedge funds and other institutional investors.

Archrock, Inc. (NYSE:AROC) opened at $9.85 on Tuesday. 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, Inc. has a 1-year low of $8.30 and a 1-year high of $16.40.

Archrock (NYSE:AROC) last issued 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). Archrock had a negative net margin of 8.62% and a negative return on equity of 2.93%. The firm had revenue of $197.85 million during the quarter, compared to analyst estimates of $202.34 million. During the same period in the prior year, the company earned $0.01 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. research analysts predict that Archrock, Inc. will post -0.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend was Tuesday, November 7th. Archrock’s dividend payout ratio is -49.48%.

A number of research firms recently weighed in on AROC. Zacks Investment Research raised Archrock from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Tuesday, October 3rd. BidaskClub raised Archrock from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Royal Bank Of Canada reissued a “buy” rating and set a $13.00 target price on shares of Archrock in a report on Wednesday, September 27th. Finally, Scotiabank set a $15.00 target price on Archrock and gave the stock a “hold” rating in a report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Archrock currently has a consensus rating of “Hold” and an average price target of $13.29.

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About Archrock

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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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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