SG Americas Securities LLC Trims Holdings in Archrock, Inc. (AROC)

SG Americas Securities LLC cut its holdings in Archrock, Inc. (NYSE:AROC) by 12.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,184 shares of the energy company’s stock after selling 9,192 shares during the period. SG Americas Securities LLC owned about 0.09% of Archrock worth $806,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Teachers Advisors LLC boosted its position in Archrock by 4.1% in the 1st quarter. Teachers Advisors LLC now owns 196,241 shares of the energy company’s stock valued at $2,433,000 after buying an additional 7,758 shares during the period. Bank of America Corp DE raised its stake in shares of Archrock by 34.2% during the 1st quarter. Bank of America Corp DE now owns 249,976 shares of the energy company’s stock worth $3,100,000 after acquiring an additional 63,724 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Archrock by 15.3% during the 2nd quarter. Bank of Montreal Can now owns 50,000 shares of the energy company’s stock worth $570,000 after acquiring an additional 6,622 shares in the last quarter. State of Alaska Department of Revenue increased its stake in 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 valued at $159,000 after purchasing an additional 6,218 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Archrock by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the energy company’s stock valued at $329,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Shares of Archrock, Inc. (NYSE AROC) traded up $0.30 during trading on Tuesday, reaching $10.20. 278,200 shares of the company were exchanged, compared to its average volume of 564,420. Archrock, Inc. has a one year low of $8.30 and a one year high of $16.40. The company has a quick ratio of 0.94, a current ratio of 1.63 and a debt-to-equity ratio of 1.99.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Thursday, November 2nd. The energy company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Archrock had a negative return on equity of 2.93% and a negative net margin of 8.62%. The firm had revenue of $197.85 million during the quarter, compared to analysts’ expectations of $202.34 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. equities research analysts anticipate that Archrock, Inc. will post -0.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 4.71%. Archrock’s payout ratio is currently -49.48%.

AROC has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Archrock from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research cut shares of Archrock from a “hold” rating to a “strong sell” rating in a research report on Friday, November 10th. Royal Bank Of Canada upgraded shares of Archrock from a “sector perform” rating to an “outperform” rating and set a $13.00 target price for the company in a research report on Monday, August 21st. Finally, Scotiabank restated a “hold” rating and set a $14.00 price objective on shares of Archrock in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average 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.

Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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