EARNEST Partners discloses 5.7% Archrock (AROC) ownership in amended 13G
Rhea-AI Filing Summary
Archrock, Inc. received an amended Schedule 13G from institutional investor EARNEST Partners, LLC, a Delaware investment adviser, reporting beneficial ownership of 10,034,788 shares of Archrock common stock, representing 5.7% of the outstanding class as of the reporting date.
EARNEST Partners reports sole voting power over 7,066,954 shares and shared voting power over 1,788,919 shares, with sole dispositive power over all 10,034,788 shares. The firm states the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Archrock. It also notes that no individual client holds more than five percent of the class.
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FAQ
What stake in Archrock, Inc. (AROC) does EARNEST Partners report in this Schedule 13G/A?
EARNEST Partners reports beneficial ownership of 10,034,788 Archrock common shares, representing 5.7% of the outstanding class. This stake is disclosed as of the reported event date in the amended Schedule 13G filing.
What dispositive power over Archrock (AROC) stock does EARNEST Partners report?
EARNEST Partners reports sole dispositive power over 10,034,788 Archrock common shares and no shared dispositive power. Dispositive power refers to the authority to dispose of or direct the disposition of the securities held.
In what capacity is EARNEST Partners filing this Archrock (AROC) Schedule 13G/A?
EARNEST Partners is filing as an investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). It states that it holds the Archrock shares in the ordinary course of business on behalf of clients under its advisory management.
Does any single EARNEST Partners client own more than 5% of Archrock (AROC)?
No. The filing states that no client interest relates to more than five percent of the Archrock common stock class. The reported 5.7% position reflects aggregate holdings managed by EARNEST Partners across multiple advisory accounts.
Is EARNEST Partners seeking to influence control of Archrock (AROC) with this stake?
EARNEST Partners certifies the Archrock shares were acquired and are held in the ordinary course of business and not for the purpose, or with the effect, of changing or influencing control of Archrock, nor in connection with any such transaction.