State Board of Administration of Florida Retirement System lowered its position in Archrock Inc. (NYSE:AROC) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,082 shares of the company’s stock after selling 146 shares during the period. State Board of Administration of Florida Retirement System owned about 0.08% of Archrock worth $500,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Acrospire Investment Management LLC purchased a new stake in Archrock during the first quarter worth approximately $109,000. Huntington Asset Advisors Inc. purchased a new stake in Archrock during the first quarter worth approximately $120,000. Quantitative Investment Management LLC purchased a new stake in Archrock during the second quarter worth approximately $164,000. BNP Paribas Arbitrage SA raised its stake in Archrock by 98.7% in the second quarter. BNP Paribas Arbitrage SA now owns 24,183 shares of the company’s stock worth $228,000 after buying an additional 12,014 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in Archrock during the second quarter worth approximately $247,000. 88.18% of the stock is currently owned by hedge funds and other institutional investors.
Archrock Inc. (NYSE:AROC) traded down 0.952% on Friday, hitting $13.005. 122,476 shares of the company were exchanged. The stock’s market capitalization is $890.52 million. Archrock Inc. has a 52 week low of $3.41 and a 52 week high of $24.17. The company has a 50 day moving average price of $11.77 and a 200-day moving average price of $9.30.
Several brokerages recently issued reports on AROC. Goldman Sachs Group Inc. raised shares of Archrock to a “buy” rating in a research note on Tuesday, June 21st. Raymond James Financial Inc. raised shares of Archrock to an “outperform” rating in a research note on Wednesday, June 22nd. Simmons began coverage on shares of Archrock in a research note on Monday, August 22nd. They set a “neutral” rating and a $12.25 target price on the stock. Johnson Rice raised shares of Archrock from a “hold” rating to an “accumulate” rating in a research note on Friday, August 5th. Finally, Royal Bank Of Canada raised shares of Archrock from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from $4.00 to $10.00 in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. Archrock currently has a consensus rating of “Hold” and an average price target of $11.64.
Archrock, Inc, formerly Exterran Holdings, 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.
Want to see what other hedge funds are holding AROC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archrock Inc. (NYSE:AROC).
Receive News & Ratings for Archrock Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archrock Inc. and related companies with MarketBeat.com's FREE daily email newsletter.