Cwm LLC Has $195,000 Holdings in Archrock, Inc. (NYSE:AROC)

Cwm LLC lifted its holdings in shares of Archrock, Inc. (NYSE:AROC) by 168.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,638 shares of the energy company’s stock after purchasing an additional 6,047 shares during the quarter. Cwm LLC’s holdings in Archrock were worth $195,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Archrock during the 1st quarter worth $43,000. Quarry LP bought a new position in shares of Archrock during the 2nd quarter worth about $52,000. GAMMA Investing LLC lifted its holdings in shares of Archrock by 16.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,052 shares of the energy company’s stock worth $82,000 after acquiring an additional 578 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Archrock during the 2nd quarter worth about $101,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Archrock by 70.6% during the 1st quarter. Russell Investments Group Ltd. now owns 5,946 shares of the energy company’s stock worth $117,000 after acquiring an additional 2,461 shares during the period. Institutional investors and hedge funds own 95.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AROC shares. Stifel Nicolaus increased their target price on shares of Archrock from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Mizuho initiated coverage on shares of Archrock in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 target price on the stock. Citigroup initiated coverage on shares of Archrock in a research note on Friday, September 27th. They issued a “buy” rating and a $24.00 target price on the stock. Royal Bank of Canada raised their target price on shares of Archrock from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Evercore ISI started coverage on shares of Archrock in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.50.

Archrock Stock Down 0.6 %

Archrock stock opened at $20.26 on Thursday. The company’s 50 day simple moving average is $20.24 and its 200 day simple moving average is $20.13. Archrock, Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $23.44. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 24.40 and a beta of 1.51. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.53 and a quick ratio of 0.94.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Tuesday, July 30th. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $270.53 million for the quarter, compared to the consensus estimate of $270.61 million. Archrock had a net margin of 13.20% and a return on equity of 16.35%. As a group, sell-side analysts anticipate that Archrock, Inc. will post 1.07 EPS for the current year.

About Archrock

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.