Dimensional Fund Advisors LP decreased its position in shares of Archrock Inc. (NYSE:AROC) by 1.7% during the second quarter, Holdings Channel reports. The fund owned 5,336,714 shares of the company’s stock after selling 89,574 shares during the period. Dimensional Fund Advisors LP owned 7.79% of Archrock worth $50,271,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Acrospire Investment Management LLC bought a new stake in shares of Archrock during the first quarter worth $109,000. Huntington Asset Advisors Inc. acquired a new stake in Archrock during the first quarter worth approximately $120,000. Quantitative Investment Management LLC acquired a new stake in Archrock during the second quarter worth approximately $164,000. Princeton Alpha Management LP acquired a new stake in Archrock during the second quarter worth approximately $177,000. Finally, BNP Paribas Arbitrage SA increased 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 during the last quarter. 88.18% of the stock is owned by hedge funds and other institutional investors.
Archrock Inc. (NYSE:AROC) opened at 12.95 on Friday. The firm’s market cap is $886.75 million. Archrock Inc. has a 1-year low of $3.41 and a 1-year high of $24.12. The firm has a 50-day moving average of $11.80 and a 200 day moving average of $9.34.
A number of research firms recently commented on AROC. RBC Capital Markets upgraded shares of Archrock from an “underperform” rating to a “sector perform” rating and boosted their target price for the stock from $4.00 to $10.00 in a report on Friday, August 5th. FBR & Co began coverage on shares of Archrock in a report on Thursday, July 14th. They issued a “market perform” rating and a $11.00 target price on the stock. Piper Jaffray Cos. began coverage on shares of Archrock in a report on Monday, August 22nd. They issued a “neutral” rating on the stock. Zacks Investment Research downgraded shares of Archrock from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Scotiabank downgraded shares of Archrock from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $9.00 to $10.00 in a report on Wednesday, June 22nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Archrock currently has an average rating of “Hold” and an average target price 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.