Meeder Asset Management Inc. increased its stake in shares of Archrock Inc (NYSE:AROC) by 95.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,205 shares of the energy company’s stock after acquiring an additional 24,481 shares during the period. Meeder Asset Management Inc.’s holdings in Archrock were worth $491,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Advisor Group Inc. increased its stake in Archrock by 70.1% in the 4th quarter. Advisor Group Inc. now owns 3,782 shares of the energy company’s stock valued at $28,000 after buying an additional 1,558 shares during the last quarter. Capital Investment Advisors LLC acquired a new stake in Archrock in the 1st quarter valued at $98,000. Signition LP acquired a new stake in Archrock in the 4th quarter valued at $76,000. Douglass Winthrop Advisors LLC acquired a new stake in Archrock in the 1st quarter valued at $114,000. Finally, LS Investment Advisors LLC increased its stake in Archrock by 234.3% in the 4th quarter. LS Investment Advisors LLC now owns 12,917 shares of the energy company’s stock valued at $97,000 after buying an additional 9,053 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.
Several equities research analysts have issued reports on AROC shares. Zacks Investment Research lowered shares of Archrock from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. ValuEngine raised shares of Archrock from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, B. Riley reissued a “buy” rating on shares of Archrock in a research report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Archrock currently has a consensus rating of “Hold” and an average target price of $14.00.
Archrock (NYSE:AROC) last announced its earnings results on Tuesday, February 19th. The energy company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. The business had revenue of $233.20 million during the quarter, compared to the consensus estimate of $232.15 million. Archrock had a net margin of 2.33% and a return on equity of 4.09%. The business’s revenue was up 11.6% compared to the same quarter last year. On average, research analysts forecast that Archrock Inc will post 0.67 EPS for the current year.
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Archrock Company Profile
Archrock, Inc operates as a midstream energy infrastructure company in the United States. It operates in two segments, Contract Operations and Aftermarket Services. The company provides natural gas compression services to customers in the oil and natural gas industry. It also offers aftermarket services, such as parts and components; and operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment.
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