Tfs Capital buys $3,341,120 stake in Archrock Inc (AROC)

Archrock Inc (AROC) : Tfs Capital scooped up 174,404 additional shares in Archrock Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 509,317 shares of Archrock Inc which is valued at $3,341,120.Archrock Inc makes up approximately 0.49% of Tfs Capital’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in AROC in the latest quarter, The investment management firm added 1,058 additional shares and now holds a total of 46,330 shares of Archrock Inc which is valued at $303,925. Airain Ltd sold out all of its stake in AROC during the most recent quarter. The investment firm sold 36,449 shares of AROC which is valued $239,105.Tiaa Cref Investment Management boosted its stake in AROC in the latest quarter, The investment management firm added 15,906 additional shares and now holds a total of 276,731 shares of Archrock Inc which is valued at $2,031,206. Princeton Alpha Management Lp sold out all of its stake in AROC during the most recent quarter. The investment firm sold 32,199 shares of AROC which is valued $236,341.

On the company’s financial health, Archrock Inc reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $-0.18. The company had revenue of $241.30 million for the quarter, compared to analysts expectations of $240.00 million. The company’s revenue was down -8.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Archrock Inc. Archrock Inc was Upgraded by Scotia Howard Weil to ” Sector Outperform” on Mar 28, 2016.

Archrock Inc. formerly Exterran Holdings Inc. is engaged in providing natural gas contract compression services to customers in the oil and natural gas industry throughout the United States. The Company also provides aftermarket services to customers that own compression equipment in the United States. It focuses on Natural Gas Contract Compression Service and Aftermarket Parts and Service. Its Compression Services offers inventory of compressor packages ready for deployment and comprehensive fleet with the technology from an aggressive and continuous new build program among others. Its services include Compression Services Aftermarket Services and Used Equipment. Its Aftermarket Services maintains ready inventories of critical engine compression and gas compressor package parts located throughout the United States. Its used equipment include AJAX Arrow/Ariel Caterpillar/Ariel Caterpillar/GE Gemini Rotary Screw and Waukesha.

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