Archrock, Inc. (NYSE:AROC) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its position in Archrock, Inc. (NYSE:AROC) by 12.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,408 shares of the energy company’s stock after buying an additional 2,802 shares during the period. Mutual of America Capital Management LLC’s holdings in Archrock were worth $514,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AROC. Wolff Wiese Magana LLC purchased a new stake in shares of Archrock during the third quarter worth $30,000. Quarry LP acquired a new position in Archrock during the second quarter worth about $52,000. CWM LLC grew its stake in Archrock by 382.0% during the 2nd quarter. CWM LLC now owns 3,591 shares of the energy company’s stock valued at $73,000 after acquiring an additional 2,846 shares in the last quarter. GAMMA Investing LLC raised its holdings in Archrock by 16.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,052 shares of the energy company’s stock valued at $82,000 after acquiring an additional 578 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in Archrock in the 2nd quarter worth approximately $101,000. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Archrock Trading Down 0.6 %

NYSE:AROC opened at $25.24 on Wednesday. Archrock, Inc. has a 1 year low of $13.95 and a 1 year high of $26.36. The stock has a market cap of $4.42 billion, a P/E ratio of 27.90 and a beta of 1.52. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The stock has a 50-day simple moving average of $21.64 and a 200-day simple moving average of $20.55.

Archrock (NYSE:AROC) last released its quarterly earnings data on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $292.16 million during the quarter, compared to the consensus estimate of $286.19 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. Archrock’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 earnings per share. As a group, analysts anticipate that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, November 6th were paid a $0.175 dividend. This is a boost from Archrock’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a yield of 2.77%. The ex-dividend date was Wednesday, November 6th. Archrock’s payout ratio is currently 76.92%.

Wall Street Analysts Forecast Growth

AROC has been the subject of several recent research reports. Evercore ISI began coverage on Archrock in a report on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 price target for the company. Royal Bank of Canada raised their target price on Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. assumed coverage on shares of Archrock in a research report on Friday, September 6th. They set an “overweight” rating and a $24.00 price target on the stock. Mizuho initiated coverage on shares of Archrock in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 price objective for the company. Finally, Citigroup assumed coverage on shares of Archrock in a report on Friday, September 27th. They issued a “buy” 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 stock. Based on data from MarketBeat, Archrock currently has an average rating of “Moderate Buy” and an average price target of $24.67.

Archrock 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.