Archrock, Inc. (NYSE:AROC) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of Archrock, Inc. (NYSE:AROC) by 13.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,323,820 shares of the energy company’s stock after buying an additional 274,763 shares during the period. Charles Schwab Investment Management Inc. owned about 1.38% of Archrock worth $47,034,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AROC. Price T Rowe Associates Inc. MD raised its holdings in shares of Archrock by 0.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 84,245 shares of the energy company’s stock worth $1,658,000 after acquiring an additional 710 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Archrock by 16.6% during the second 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 period. CWM LLC grew its position in shares of Archrock by 382.0% in the second quarter. CWM LLC now owns 3,591 shares of the energy company’s stock valued at $73,000 after purchasing an additional 2,846 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Archrock by 2,740.8% in the second quarter. SG Americas Securities LLC now owns 191,898 shares of the energy company’s stock worth $3,880,000 after purchasing an additional 185,143 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Archrock by 6.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,373 shares of the energy company’s stock worth $230,000 after purchasing an additional 713 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Evercore ISI initiated coverage on Archrock in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday. Mizuho assumed coverage on Archrock in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 target price on the stock. Citigroup began coverage on Archrock in a report on Friday, September 27th. They issued a “buy” rating and a $24.00 price target for the company. Finally, Royal Bank of Canada raised their price objective on Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Archrock currently has a consensus rating of “Moderate Buy” and an average target price of $25.17.

Archrock Stock Up 2.8 %

NYSE:AROC opened at $25.62 on Monday. Archrock, Inc. has a twelve month low of $14.14 and a twelve month high of $26.36. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 28.15 and a beta of 1.52. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The stock’s 50 day moving average price is $22.00 and its two-hundred day moving average price is $20.70.

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. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The firm had revenue of $292.16 million for the quarter, compared to analyst estimates of $286.19 million. During the same quarter in the prior year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. Equities research analysts expect that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.175 per share. The ex-dividend date was Wednesday, November 6th. This is a boost from Archrock’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 2.73%. Archrock’s dividend payout ratio (DPR) is currently 76.92%.

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.