Sei Investments Co. Has $103.23 Million Stake in Archrock, Inc. (NYSE:AROC)

Sei Investments Co. reduced its position in shares of Archrock, Inc. (NYSE:AROC) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,105,571 shares of the energy company’s stock after selling 304,292 shares during the period. Sei Investments Co. owned about 3.27% of Archrock worth $103,234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AROC. Allspring Global Investments Holdings LLC bought a new stake in Archrock in the 1st quarter valued at approximately $43,000. CWM LLC raised its holdings in shares of Archrock by 382.0% in the second quarter. CWM LLC now owns 3,591 shares of the energy company’s stock valued at $73,000 after purchasing an additional 2,846 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Archrock by 16.6% in the second quarter. GAMMA Investing LLC now owns 4,052 shares of the energy company’s stock worth $82,000 after purchasing an additional 578 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Archrock during the second quarter worth $101,000. Finally, Russell Investments Group Ltd. grew its position in Archrock by 70.6% in the first quarter. Russell Investments Group Ltd. now owns 5,946 shares of the energy company’s stock valued at $117,000 after purchasing an additional 2,461 shares in the last quarter. 95.45% of the stock is owned by institutional investors and hedge funds.

Archrock Stock Performance

Shares of AROC opened at $20.90 on Friday. The company has a market cap of $3.27 billion, a PE ratio of 25.18 and a beta of 1.51. The firm has a 50-day moving average of $20.13 and a 200-day moving average of $19.87. Archrock, Inc. has a one year low of $11.73 and a one year high of $23.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.53 and a quick ratio of 0.94.

Archrock (NYSE:AROC) last issued its earnings results on Tuesday, July 30th. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $270.53 million during the quarter, compared to the consensus estimate of $270.61 million. Archrock had a net margin of 13.20% and a return on equity of 16.35%. As a group, equities analysts forecast that Archrock, Inc. will post 1.07 earnings per share for the current year.

Archrock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.66 annualized dividend and a dividend yield of 3.16%. Archrock’s dividend payout ratio is currently 79.52%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com cut shares of Archrock from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. initiated coverage on Archrock in a report on Friday, September 6th. They set an “overweight” rating and a $24.00 target price on the stock. Stifel Nicolaus increased their price target on Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of Archrock in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

Archrock Profile

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.