Archrock, Inc. (NYSE:AROC) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in Archrock, Inc. (NYSE:AROC) by 36.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,181 shares of the energy company’s stock after purchasing an additional 1,930 shares during the quarter. GAMMA Investing LLC’s holdings in Archrock were worth $179,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AROC. B. Riley Wealth Advisors Inc. raised its position in shares of Archrock by 0.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company’s stock worth $1,025,000 after buying an additional 427 shares in the last quarter. Atria Investments Inc raised its holdings in Archrock by 2.3% during the third quarter. Atria Investments Inc now owns 32,648 shares of the energy company’s stock worth $661,000 after purchasing an additional 746 shares in the last quarter. Arizona State Retirement System raised its holdings in Archrock by 2.0% during the second quarter. Arizona State Retirement System now owns 41,565 shares of the energy company’s stock worth $840,000 after purchasing an additional 821 shares in the last quarter. Glenmede Trust Co. NA lifted its position in Archrock by 2.7% in the third quarter. Glenmede Trust Co. NA now owns 31,485 shares of the energy company’s stock worth $637,000 after purchasing an additional 838 shares during the period. Finally, KBC Group NV boosted its stake in Archrock by 23.6% during the 3rd quarter. KBC Group NV now owns 5,324 shares of the energy company’s stock valued at $108,000 after purchasing an additional 1,016 shares in the last quarter. 95.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on AROC. JPMorgan Chase & Co. boosted their price objective on Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Citigroup started coverage on shares of Archrock in a report on Friday, September 27th. They issued a “buy” rating and a $24.00 price target for the company. Evercore ISI initiated coverage on shares of Archrock in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 price objective on the stock. Royal Bank of Canada increased their target price on shares of Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, Mizuho began coverage on shares of Archrock in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 price target on the stock. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.17.

Archrock Price Performance

NYSE AROC opened at $25.33 on Thursday. Archrock, Inc. has a 1 year low of $14.39 and a 1 year high of $27.05. The stock’s 50-day moving average price is $24.41 and its two-hundred day moving average price is $21.80. The company has a market cap of $4.44 billion, a PE ratio of 27.84 and a beta of 1.58. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73.

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

Archrock Increases Dividend

The firm also recently declared 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. This is an increase from Archrock’s previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, November 6th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.76%. Archrock’s payout ratio is currently 76.92%.

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.