DekaBank Deutsche Girozentrale Invests $101,000 in Archrock, Inc. (NYSE:AROC)

DekaBank Deutsche Girozentrale bought a new stake in Archrock, Inc. (NYSE:AROC) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 5,056 shares of the energy company’s stock, valued at approximately $101,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Trexquant Investment LP raised its position in shares of Archrock by 56.0% in the fourth quarter. Trexquant Investment LP now owns 110,519 shares of the energy company’s stock worth $1,702,000 after acquiring an additional 39,686 shares during the period. UniSuper Management Pty Ltd acquired a new position in Archrock in the 1st quarter worth about $852,000. Sei Investments Co. boosted its position in Archrock by 37.7% during the fourth quarter. Sei Investments Co. now owns 5,113,865 shares of the energy company’s stock worth $78,753,000 after purchasing an additional 1,399,309 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Archrock by 302.9% in the fourth quarter. Allianz Asset Management GmbH now owns 912,784 shares of the energy company’s stock valued at $14,057,000 after buying an additional 686,242 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Archrock by 18.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,270,818 shares of the energy company’s stock worth $24,997,000 after buying an additional 195,549 shares during the period. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Stock Performance

NYSE:AROC opened at $20.90 on Friday. The company has a market cap of $3.27 billion, a P/E ratio of 25.18 and a beta of 1.51. Archrock, Inc. has a twelve month low of $11.73 and a twelve month high of $23.44. The company’s 50-day moving average price is $20.13 and its 200-day moving average price is $19.87. The company has a current ratio of 1.53, a quick ratio of 0.94 and a debt-to-equity ratio of 1.80.

Archrock (NYSE:AROC) last issued its earnings results on Tuesday, July 30th. The energy company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Archrock had a return on equity of 16.35% and a net margin of 13.20%. The business had revenue of $270.53 million for the quarter, compared to analysts’ expectations of $270.61 million. On average, sell-side analysts forecast that Archrock, Inc. will post 1.07 earnings per share for the current fiscal year.

Archrock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend was Tuesday, August 6th. Archrock’s dividend payout ratio (DPR) is presently 79.52%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Archrock from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Stifel Nicolaus boosted their target price on shares of Archrock from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. assumed coverage on shares of Archrock in a research note on Friday, September 6th. They issued an “overweight” rating and a $24.00 price target on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price objective on shares of Archrock in a research note on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Archrock presently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

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.