EARNEST Partners Holds 12.16M Archrock Shares as of Dec 31, 2023
Ticker: AROC · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1389050
| Field | Detail |
|---|---|
| Company | Archrock, INC. (AROC) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**EARNEST Partners still owns a huge chunk of Archrock, showing conviction.**
AI Summary
EARNEST Partners, LLC, an investment advisor based in Atlanta, GA, filed an amended Schedule 13G/A on February 12, 2024, indicating its ownership of 12,159,357 shares of Archrock, Inc. common stock as of December 31, 2023. This represents a significant stake, giving EARNEST Partners sole voting and dispositive power over these shares. This matters to investors because it shows a major institutional investor maintains a substantial position in Archrock, potentially signaling confidence in the company's future.
Why It Matters
This filing confirms a large institutional investor's continued significant stake in Archrock, which can influence stock stability and investor sentiment.
Risk Assessment
Risk Level: low — The filing indicates a stable, significant institutional ownership, which generally reduces volatility risk.
Analyst Insight
Investors should note the continued institutional confidence in Archrock, Inc. by EARNEST Partners, LLC, but also consider this as a routine update rather than a new investment thesis.
Key Numbers
- 12,159,357 — Shares owned by EARNEST Partners, LLC (Represents the sole voting and dispositive power held by the reporting person in Archrock, Inc.)
- December 31, 2023 — Date of event requiring filing (The snapshot date for the reported share ownership.)
- February 12, 2024 — Filing date (The date the SC 13G/A amendment was filed with the SEC.)
Key Players & Entities
- EARNEST Partners, LLC (company) — the reporting person and institutional investor
- Archrock, Inc. (company) — the subject company whose stock is being reported
- Delaware (company) — state of incorporation for EARNEST Partners, LLC
- Atlanta, GA (company) — business address for EARNEST Partners, LLC
- Houston, TX (company) — business address for Archrock, Inc.
Forward-Looking Statements
- EARNEST Partners, LLC will likely maintain a significant stake in Archrock, Inc. throughout 2024. (EARNEST Partners, LLC) — medium confidence, target: 2024-12-31
FAQ
What is the primary purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 3) by EARNEST Partners, LLC to report its beneficial ownership of Archrock, Inc. common stock as of December 31, 2023, in accordance with Rule 13d-1(b) of the Securities Exchange Act of 1934.
How many shares of Archrock, Inc. common stock does EARNEST Partners, LLC beneficially own, and what power do they have over these shares?
EARNEST Partners, LLC beneficially owns 12,159,357 shares of Archrock, Inc. common stock. They hold sole voting power and sole dispositive power over all these 12,159,357 shares, as indicated in the filing.
What is the CUSIP number for Archrock, Inc. common stock mentioned in the filing?
The CUSIP number for Archrock, Inc. common stock is 03957W106, as stated in the filing.
When was the event date that triggered this filing?
The date of the event which requires the filing of this statement was December 31, 2023.
Where is EARNEST Partners, LLC incorporated and what is its business address?
EARNEST Partners, LLC is incorporated in Delaware, and its business address is 1180 Peachtree Street NE, Suite 2300, Atlanta, GA 30309.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding Archrock, Inc. (AROC).