Jennison Associates LLC boosted its position in USA Compression Partners LP (NYSE:USAC) by 1.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 367,189 shares of the company’s stock after buying an additional 6,888 shares during the period. Jennison Associates LLC owned 0.67% of USA Compression Partners worth $6,896,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in USAC. Ipswich Investment Management Co. Inc. boosted its stake in shares of USA Compression Partners by 4.6% in the third quarter. Ipswich Investment Management Co. Inc. now owns 13,075 shares of the company’s stock worth $246,000 after buying an additional 575 shares during the period. Barnett & Company Inc. boosted its stake in shares of USA Compression Partners by 20.4% in the second quarter. Barnett & Company Inc. now owns 17,100 shares of the company’s stock worth $251,000 after buying an additional 2,900 shares during the period. Creative Planning boosted its stake in shares of USA Compression Partners by 0.5% in the second quarter. Creative Planning now owns 21,502 shares of the company’s stock worth $315,000 after buying an additional 100 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of USA Compression Partners during the second quarter worth about $333,000. Finally, National Asset Management Inc. purchased a new stake in shares of USA Compression Partners during the second quarter worth about $342,000.
Shares of USA Compression Partners LP (NYSE:USAC) traded up 0.61% during midday trading on Thursday, hitting $18.15. 94,254 shares of the stock traded hands. USA Compression Partners LP has a 52 week low of $7.03 and a 52 week high of $19.33. The company’s market capitalization is $1.00 billion. The firm’s 50-day moving average is $18.42 and its 200 day moving average is $16.30.
USA Compression Partners (NYSE:USAC) last announced its earnings results on Tuesday, November 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.12. The business earned $61.13 million during the quarter, compared to the consensus estimate of $63.80 million. USA Compression Partners had a negative net margin of 57.76% and a positive return on equity of 3.94%. The company’s revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. Equities analysts forecast that USA Compression Partners LP will post $0.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Friday, November 4th were given a $0.525 dividend. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 11.57%. USA Compression Partners’s payout ratio is presently -75.81%.
Several research firms have weighed in on USAC. FBR & Co began coverage on shares of USA Compression Partners in a research report on Friday, September 9th. They issued an “outperform” rating and a $21.00 price objective for the company. Zacks Investment Research cut shares of USA Compression Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, October 19th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.00.
USA Compression Partners Company Profile