Archrock, Inc. (AROC) Is At $9.00 Formed Wedge; York Capital Management Global Advisors Has Lowered By $17.24 Million Its Dycom Inds (DY) Position

Archrock, Inc. (NYSE:AROC) Logo

York Capital Management Global Advisors Llc decreased Dycom Inds Inc (DY) stake by 25% reported in 2017Q4 SEC filing. York Capital Management Global Advisors Llc sold 155,300 shares as Dycom Inds Inc (DY)’s stock declined 9.19%. The York Capital Management Global Advisors Llc holds 465,937 shares with $51.92 million value, down from 621,237 last quarter. Dycom Inds Inc now has $3.29B valuation. The stock decreased 3.06% or $3.33 during the last trading session, reaching $105.59. About 404,060 shares traded. Dycom Industries, Inc. (NYSE:DY) has risen 13.44% since April 8, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Archrock, Inc. (AROC) formed wedge down with $8.64 target or 4.00% below today’s $9.00 share price. Archrock, Inc. (AROC) has $638.54M valuation. It closed at $9 lastly. It is up 26.05% since April 8, 2017 and is downtrending. It has underperformed by 37.60% the S&P500.

Investors sentiment increased to 1.01 in 2017 Q4. Its up 0.01, from 1 in 2017Q3. It is positive, as 34 investors sold DY shares while 109 reduced holdings. 55 funds opened positions while 89 raised stakes. 29.64 million shares or 4.71% less from 31.11 million shares in 2017Q3 were reported. Invesco Limited accumulated 0.01% or 371,201 shares. Daruma Cap Management Lc invested in 0.3% or 42,607 shares. Voya Mngmt Limited Liability stated it has 13,553 shares. Pillar Pacific Capital Mngmt Ltd Liability reported 5,340 shares. Aurora Invest Counsel has 15,421 shares. Brinker stated it has 0.03% in Dycom Industries, Inc. (NYSE:DY). Credit Suisse Ag has invested 0% of its portfolio in Dycom Industries, Inc. (NYSE:DY). California Public Employees Retirement holds 0.01% of its portfolio in Dycom Industries, Inc. (NYSE:DY) for 64,546 shares. Point72 Asia (Hong Kong) has 0.02% invested in Dycom Industries, Inc. (NYSE:DY) for 269 shares. Homrich Berg holds 0.02% or 2,255 shares. Claar Advsr Lc, a New York-based fund reported 70,000 shares. Bb&T Secs Ltd Liability Corporation holds 0.02% or 16,384 shares. Kennedy Capital Management holds 46,764 shares or 0.09% of its portfolio. Public Employees Retirement Of Ohio holds 0% in Dycom Industries, Inc. (NYSE:DY) or 1,358 shares. State Board Of Administration Of Florida Retirement Systems invested in 15,879 shares or 0% of the stock.

Since March 7, 2018, it had 0 buys, and 1 sale for $284,044 activity. HIGGINS PATRICIA also sold $284,044 worth of Dycom Industries, Inc. (NYSE:DY) on Wednesday, March 7.

York Capital Management Global Advisors Llc increased Ashland Global Hldgs Inc stake by 100,334 shares to 1.01M valued at $72.24M in 2017Q4. It also upped Nextdecade Corp stake by 4.56 million shares and now owns 57.68M shares. Humana Inc (NYSE:HUM) was raised too.

Analysts await Dycom Industries, Inc. (NYSE:DY) to report earnings on May, 23. They expect $0.69 earnings per share, down 46.92% or $0.61 from last year’s $1.3 per share. DY’s profit will be $21.52 million for 38.26 P/E if the $0.69 EPS becomes a reality. After $0.12 actual earnings per share reported by Dycom Industries, Inc. for the previous quarter, Wall Street now forecasts 475.00% EPS growth.

Among 10 analysts covering Dycom (NYSE:DY), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Dycom had 36 analyst reports since August 27, 2015 according to SRatingsIntel. On Thursday, August 27 the stock rating was maintained by FBR Capital with “Outperform”. The firm has “Buy” rating by Stifel Nicolaus given on Friday, October 6. The rating was maintained by FBR Capital on Monday, February 12 with “Buy”. FBR Capital maintained it with “Outperform” rating and $100 target in Wednesday, November 25 report. The rating was upgraded by ValuEngine to “Buy” on Friday, May 26. As per Thursday, October 5, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by FBR Capital with “Outperform” on Thursday, August 25. The stock of Dycom Industries, Inc. (NYSE:DY) has “Buy” rating given on Wednesday, August 30 by Canaccord Genuity. The stock has “Neutral” rating by DA Davidson on Thursday, March 2. Craig Hallum maintained the stock with “Buy” rating in Tuesday, November 21 report.

Dycom Industries, Inc. (NYSE:DY) Institutional Positions Chart