Archrock, Inc. (NYSE:AROC) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its stake in Archrock, Inc. (NYSE:AROC) by 8.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 117,087 shares of the energy company’s stock after acquiring an additional 9,088 shares during the quarter. Los Angeles Capital Management LLC owned 0.07% of Archrock worth $2,303,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in AROC. USA Financial Formulas grew its stake in Archrock by 4,483.8% in the 4th quarter. USA Financial Formulas now owns 1,696 shares of the energy company’s stock valued at $26,000 after acquiring an additional 1,659 shares during the period. GAMMA Investing LLC purchased a new position in Archrock in the 4th quarter valued at $51,000. Aigen Investment Management LP purchased a new position in Archrock in the 3rd quarter valued at $153,000. Corton Capital Inc. purchased a new position in Archrock in the 3rd quarter valued at $155,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Archrock in the 3rd quarter valued at $159,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

Wall Street Analysts Forecast Growth

AROC has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price objective on Archrock from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Royal Bank of Canada raised their price objective on Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Finally, StockNews.com downgraded Archrock from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.67.

Archrock Stock Performance

NYSE AROC opened at $18.96 on Friday. The company has a market cap of $2.96 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.49 and a beta of 1.57. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.26 and a quick ratio of 0.74. The stock has a 50-day moving average of $19.65 and a two-hundred day moving average of $17.96. Archrock, Inc. has a 1-year low of $9.57 and a 1-year high of $21.60.

Archrock (NYSE:AROC) last released its earnings results on Wednesday, May 1st. The energy company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $268.49 million during the quarter, compared to the consensus estimate of $260.51 million. Archrock had a return on equity of 15.30% and a net margin of 12.54%. Archrock’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. As a group, analysts anticipate that Archrock, Inc. will post 1.07 EPS for the current year.

Archrock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend was Monday, May 6th. Archrock’s dividend payout ratio is presently 79.52%.

Archrock Company Profile

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.