KBC Group NV Increases Stock Holdings in Archrock, Inc. (NYSE:AROC)

KBC Group NV increased its position in shares of Archrock, Inc. (NYSE:AROC) by 33.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,093 shares of the energy company’s stock after purchasing an additional 1,769 shares during the quarter. KBC Group NV’s holdings in Archrock were worth $177,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC boosted its position in shares of Archrock by 124.2% during the 3rd quarter. Barclays PLC now owns 302,610 shares of the energy company’s stock valued at $6,125,000 after acquiring an additional 167,648 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Archrock by 94.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 422,383 shares of the energy company’s stock worth $8,549,000 after purchasing an additional 205,241 shares during the period. Verition Fund Management LLC acquired a new stake in Archrock in the 3rd quarter valued at approximately $314,000. Crossmark Global Holdings Inc. purchased a new position in Archrock during the 3rd quarter valued at about $200,000. Finally, HITE Hedge Asset Management LLC purchased a new stake in shares of Archrock during the third quarter worth $10,939,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Royal Bank of Canada raised their price objective on shares of Archrock from $26.00 to $27.00 and gave the company 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.17.

Archrock Trading Up 0.1 %

Shares of AROC opened at $28.70 on Thursday. The company has a market capitalization of $5.03 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 1.70 and a beta of 1.57. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. Archrock, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $30.44. The stock has a fifty day moving average of $26.64 and a two-hundred day moving average of $22.89.

Archrock (NYSE:AROC) last released its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $286.19 million. During the same period last year, the company earned $0.20 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, analysts forecast that Archrock, Inc. will post 1.12 EPS for the current year.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Wednesday, February 12th. This is a boost from Archrock’s previous quarterly dividend of $0.18. Archrock’s payout ratio is currently 76.92%.

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.