Bailard Inc. Has $381,000 Holdings in Archrock Inc (AROC)

Bailard Inc. cut its position in shares of Archrock Inc (NYSE:AROC) by 22.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,900 shares of the energy company’s stock after selling 14,813 shares during the period. Bailard Inc.’s holdings in Archrock were worth $381,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Signition LP purchased a new position in Archrock during the fourth quarter worth about $76,000. Stevens Capital Management LP purchased a new position in Archrock during the third quarter worth about $127,000. LS Investment Advisors LLC raised its stake in Archrock by 234.3% during the fourth quarter. LS Investment Advisors LLC now owns 12,917 shares of the energy company’s stock worth $97,000 after purchasing an additional 9,053 shares during the period. Meeder Asset Management Inc. raised its stake in Archrock by 1,317.1% during the third quarter. Meeder Asset Management Inc. now owns 13,278 shares of the energy company’s stock worth $161,000 after purchasing an additional 12,341 shares during the period. Finally, Advisors Asset Management Inc. purchased a new position in Archrock during the second quarter worth about $164,000. 89.81% of the stock is currently owned by institutional investors.

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Archrock stock opened at $9.46 on Thursday. The company has a market capitalization of $1.21 billion, a PE ratio of -47.30 and a beta of 2.94. Archrock Inc has a 1 year low of $7.26 and a 1 year high of $13.75. The company has a current ratio of 1.46, a quick ratio of 0.98 and a debt-to-equity ratio of 1.83.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Friday, February 8th will be paid a $0.132 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date is Thursday, February 7th. Archrock’s dividend payout ratio (DPR) is -265.00%.

A number of equities analysts have commented on the stock. ValuEngine raised shares of Archrock from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research downgraded shares of Archrock from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. Finally, Piper Jaffray Companies set a $14.00 price target on shares of Archrock and gave the company a “buy” rating in a research note on Thursday, October 18th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $14.00.

In other Archrock news, insider Doug S. Aron acquired 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average price of $9.91 per share, for a total transaction of $74,325.00. Following the completion of the acquisition, the insider now owns 54,215 shares of the company’s stock, valued at approximately $537,270.65. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Doug S. Aron acquired 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 11th. The stock was acquired at an average price of $8.81 per share, with a total value of $70,480.00. Following the acquisition, the insider now directly owns 64,715 shares of the company’s stock, valued at approximately $570,139.15. The disclosure for this purchase can be found here. Insiders bought a total of 26,310 shares of company stock worth $242,636 over the last three months. Insiders own 2.54% of the company’s stock.

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Archrock Profile

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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