Catalyst Capital Advisors LLC Sells 115,890 Shares of Archrock Inc (AROC)

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Catalyst Capital Advisors LLC reduced its holdings in Archrock Inc (NYSE:AROC) by 20.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 459,596 shares of the energy company’s stock after selling 115,890 shares during the quarter. Catalyst Capital Advisors LLC owned approximately 0.36% of Archrock worth $3,442,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund acquired a new stake in shares of Archrock in the 4th quarter worth about $49,000. Signition LP acquired a new stake in shares of Archrock in the 4th quarter worth about $76,000. LS Investment Advisors LLC increased its holdings in shares of Archrock by 234.3% in the 4th quarter. LS Investment Advisors LLC now owns 12,917 shares of the energy company’s stock worth $97,000 after acquiring an additional 9,053 shares during the period. Stevens Capital Management LP acquired a new stake in shares of Archrock in the 3rd quarter worth about $127,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of Archrock by 1,317.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 13,278 shares of the energy company’s stock worth $161,000 after acquiring an additional 12,341 shares during the period. Institutional investors own 86.52% of the company’s stock.

A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Archrock from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. ValuEngine raised shares of Archrock from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $14.00.

Archrock stock opened at $10.72 on Thursday. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 55.89 and a beta of 2.94. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.98 and a current ratio of 1.46. Archrock Inc has a 52 week low of $7.26 and a 52 week high of $13.75.

Archrock (NYSE:AROC) last released its earnings results on Wednesday, February 20th. The energy company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The firm had revenue of $233.20 million for the quarter, compared to analysts’ expectations of $232.15 million. Archrock had a net margin of 6.32% and a return on equity of 2.49%. The business’s revenue was up 11.6% on a year-over-year basis. As a group, research analysts forecast that Archrock Inc will post 0.36 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Friday, February 8th were paid a dividend of $0.132 per share. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $0.53 annualized dividend and a yield of 4.93%. Archrock’s payout ratio is -265.00%.

In other Archrock news, insider Doug S. Aron acquired 8,000 shares of the stock in a transaction dated Tuesday, December 11th. The shares were bought at an average price of $8.81 per share, with a total value of $70,480.00. Following the purchase, the insider now directly owns 64,715 shares of the company’s stock, valued at approximately $570,139.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO D Bradley Childers acquired 10,810 shares of the stock in a transaction dated Tuesday, December 11th. The stock was acquired at an average cost of $9.05 per share, for a total transaction of $97,830.50. Following the purchase, the chief executive officer now directly owns 941,959 shares in the company, valued at $8,524,728.95. The disclosure for this purchase can be found here. 2.54% of the stock is currently owned by company insiders.

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About Archrock

Archrock, Inc engages in the natural gas contract operations services business in the United States. The company provides natural gas compression services to customers in the oil and natural gas industry. It also offers aftermarket services, such as parts and components; and operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment.

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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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