The Vanguard Group, Inc. has recently announced that it has increased stake in Archrock Inc. (NYSE:AROC) by 1.37%. After grabbing 17.25 million shares, the institutional investor is now in possession of 0.23 million shares of the Energy Company. The new investment brought the stake of investor firm to 11.09% having worth around $190.95 million. Moreover, Invesco Advisers, Inc. increased its share by 0.21 million to have a control over 7.99 million shares. And SEI Investments Management Corp. raised its holdings to 0.11 million shares by acquiring 2.86 million shares or 1.84% of the stake.
Archrock Inc. (AROC) concluded trading on 03/16/23 at a closing price of $9.78, with 1.42 million shares of worth about $13.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 31.45% during that period and on Thursday the price saw a gain of about 1.14%. Currently the company’s common shares owned by public are about 153.62M shares, out of which, 134.71M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 38 times over the past 12 months. They bought 1,074,227 shares in 22 of the transactions. In 16 selling transactions, insiders dumped 402,435 shares.
iShares Core S&P Small Cap ETF, Invesco SteelPath MLP Select 40 F, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Archrock Inc. iShares Core S&P Small Cap ETF is currently holding 10.12 million shares of worth totaling $112.08 million. The company recently came buying 23738.0 shares which brought its stake up to 6.51% of the company’s outstanding shares. Invesco SteelPath MLP Select 40 F bought 0.4 million shares, after which its hold over company’s outstanding shares expand to 5.13%, leaving 7.98 million shares with the mutual fund that have a worth of about $88.33 million. Vanguard Total Stock Market Index, after buying 4.78 million shares, have now control over 3.07% of the stake in the company. It holds 76073.0 shares of worth $52.9 million.
Archrock Inc. (NYSE: AROC) started trading at $9.45, below -$0.22 from concluding price of the previous day. However, the stock later moved at a day high price of 9.84, or with a gain of 1.14%. Stock saw a price change of -9.19% in past 5 days and over the past one month there was a price change of 1.77%. Year-to-date (YTD), AROC shares are showing a performance of 8.91% which increased to 16.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.28 but also hit the highest price of $11.49 during that period. The average intraday trading volume for Archrock Inc. shares is 1.01 million. The stock is currently trading -6.56% below its 20-day simple moving average (SMA20), while that difference is down -0.71% for SMA50 and it goes to 15.42% higher than SMA200.
The Vanguard Group, Inc. acquired 17.25 million shares of Archrock Inc. having value of about $190.95 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.23 million shares in the company valued at close to $2284823.16, or have control over 1.37% stake in the company. Archrock Inc. (NYSE: AROC) currently have 153.62M outstanding shares and institutions hold larger chunk of about 83.80% of that. Holding of mutual funds in the company is about 29.14% while other institutional holders and individual stake holders have control over 54.90% and 17.55% of the stake respectively.
The stock has a current market capitalization of $1.61B and its 3Y-monthly beta is at 1.75. PE ratio of stock for trailing 12 months is 35.05, while it has posted earnings per share of $0.28 in the same period. It has Quick Ratio of 1.00 while making debt-to-equity ratio of 1.80. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AROC, volatility over the week remained 5.24% while standing at 3.88% over the month.
Analysts are in expectations that Archrock Inc. (AROC) stock would likely to be making an EPS of $0.07 in the current quarter, while forecast for next quarter EPS is $0.08 and it is $0.37 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.06 which is $0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 56.90% while it is estimated to increase by 22.13% in next year. EPS is likely to shrink at an annualized rate of -12.91% for next 5-years, compared to annual growth of 20.60% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on December 09, 2022 offering an Outperform rating for the stock and assigned a target price of $10 to it. On June 29, 2020, Stifel Initiated their recommendations, while on May 22, 2018, B. Riley FBR Inc. Reiterated their ratings for the stock with a price target of $15. Stock get a Buy rating from B. Riley FBR Inc. on May 09, 2018.
