Federated Investors Inc. PA Has $1.08 Million Stake in Archrock, Inc. (AROC)

Federated Investors Inc. PA grew its stake in Archrock, Inc. (NYSE:AROC) by 7,876.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 94,922 shares of the energy company’s stock after buying an additional 93,732 shares during the quarter. Federated Investors Inc. PA owned 0.13% of Archrock worth $1,082,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Louisiana State Employees Retirement System lifted its holdings in shares of Archrock by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the energy company’s stock valued at $329,000 after buying an additional 200 shares during the period. Arizona State Retirement System lifted its holdings in shares of Archrock by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 36,981 shares of the energy company’s stock valued at $422,000 after buying an additional 200 shares during the period. Texas Permanent School Fund lifted its holdings in shares of Archrock by 0.6% in the 1st quarter. Texas Permanent School Fund now owns 51,072 shares of the energy company’s stock valued at $633,000 after buying an additional 288 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Archrock by 4.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 16,650 shares of the energy company’s stock valued at $190,000 after buying an additional 780 shares during the period. Finally, Mason Street Advisors LLC lifted its holdings in shares of Archrock by 8.4% in the 1st quarter. Mason Street Advisors LLC now owns 16,494 shares of the energy company’s stock valued at $205,000 after buying an additional 1,279 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

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Several brokerages have recently issued reports on AROC. BidaskClub raised Archrock from a “hold” rating to a “buy” rating in a report on Friday. Royal Bank Of Canada raised Archrock from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 23rd. ValuEngine cut Archrock from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $12.00 price objective (down previously from $13.00) on shares of Archrock in a report on Tuesday, August 8th. Finally, Zacks Investment Research cut Archrock from a “hold” rating to a “sell” rating in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.29.

Archrock, Inc. (AROC) opened at 11.30 on Friday. The company has a 50 day moving average price of $10.25 and a 200 day moving average price of $11.33. Archrock, Inc. has a 52 week low of $8.30 and a 52 week high of $16.40. The stock’s market cap is $801.61 million.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.08. The firm had revenue of $198.00 million during the quarter, compared to the consensus estimate of $196.00 million. Archrock had a negative net margin of 8.57% and a negative return on equity of 3.44%. The business’s revenue was up 4.2% on a year-over-year basis. Analysts expect that Archrock, Inc. will post ($0.20) EPS for the current fiscal year.

Archrock Company Profile

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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