Sei Investments Reduces $3M in Archrock, Inc. ($AROC)
Key Points
- Sei Investments changed its Archrock, Inc. ($AROC) stake by 2.1% last quarter, cutting to 4,433,355 shares worth $159.91 million.
- Wall Street's consensus rating on $AROC is Strong Buy and an average price target of $41.89.
- $AROC last traded around $36.07.
Sei Investments trimmed its position in Archrock, Inc. ($AROC) by 2.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,433,355 shares of Archrock, Inc. after selling 96,007 shares during the quarter. Sei Investments's holdings in Archrock, Inc. were worth $159.91 million as of its most recent filing.
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About Archrock, Inc.
Archrock, Inc., together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services. The company also sells over-the-counter parts and components, as well as provides operations, major and routine maintenance, overhaul, and reconfiguration services to customers who own compression equipment. It serves integrated and independent oil and natural gas processors, gatherers, and transporters. Archrock, Inc. was formerly known as Exterran Holdings, Inc. and changed its name to Archrock, Inc. in November 2015. The company was founded in 1990 and is headquartered in Houston, Texas.
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