Archrock Inc (AROC) Stake Lowered by William Blair Investment Management LLC

William Blair Investment Management LLC lowered its holdings in Archrock Inc (NYSE:AROC) by 1.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,641,069 shares of the energy company’s stock after selling 22,876 shares during the quarter. William Blair Investment Management LLC owned about 2.14% of Archrock worth $17,231,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AROC. First Trust Advisors LP increased its holdings in shares of Archrock by 6.2% in the 3rd quarter. First Trust Advisors LP now owns 143,345 shares of the energy company’s stock valued at $1,799,000 after acquiring an additional 8,348 shares during the last quarter. Aperio Group LLC purchased a new position in shares of Archrock in the 3rd quarter valued at about $195,000. Crossmark Global Holdings Inc. purchased a new position in shares of Archrock in the 3rd quarter valued at about $168,000. BNP Paribas Arbitrage SA increased its holdings in shares of Archrock by 71.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 39,544 shares of the energy company’s stock valued at $496,000 after acquiring an additional 16,462 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its holdings in shares of Archrock by 59.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 26,630 shares of the energy company’s stock valued at $334,000 after acquiring an additional 9,980 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

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A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Archrock from a “neutral” rating to an “overweight” rating and set a $13.00 price objective on the stock in a report on Thursday. Royal Bank of Canada restated a “buy” rating and set a $14.00 price target on shares of Archrock in a research note on Thursday, January 4th. Piper Jaffray upgraded Archrock from a “neutral” rating to an “overweight” rating in a research note on Friday, January 26th. B. Riley set a $12.00 price target on Archrock and gave the stock a “hold” rating in a research note on Thursday, January 11th. Finally, ValuEngine upgraded Archrock from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Archrock has an average rating of “Hold” and an average target price of $13.39.

Archrock Inc (AROC) opened at $9.10 on Monday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.69 and a quick ratio of 1.00. Archrock Inc has a 12 month low of $8.30 and a 12 month high of $13.65.

Archrock (NYSE:AROC) last released its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.07. The firm had revenue of $208.90 million for the quarter, compared to the consensus estimate of $200.88 million. Archrock had a negative return on equity of 2.31% and a net margin of 2.39%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) EPS. analysts predict that Archrock Inc will post 0.19 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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