9,913 Shares in Archrock, Inc. (NYSE:AROC) Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. bought a new stake in Archrock, Inc. (NYSE:AROC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,913 shares of the energy company’s stock, valued at approximately $200,000.

Several other large investors also recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC bought a new stake in Archrock during the third quarter worth approximately $30,000. Allspring Global Investments Holdings LLC acquired a new position in Archrock in the 1st quarter valued at $43,000. Quarry LP bought a new position in Archrock in the 2nd quarter worth $52,000. CWM LLC lifted its position in Archrock by 382.0% during the 2nd quarter. CWM LLC now owns 3,591 shares of the energy company’s stock worth $73,000 after acquiring an additional 2,846 shares during the last quarter. Finally, 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. 95.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on AROC. JPMorgan Chase & Co. began coverage on Archrock in a research note on Friday, September 6th. They set an “overweight” rating and a $24.00 target price for the company. Mizuho initiated coverage on shares of Archrock in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 price objective on the stock. Stifel Nicolaus upped their target price on shares of Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Citigroup began coverage on shares of Archrock in a report on Friday, September 27th. They set a “buy” rating and a $24.00 price objective on the stock. Finally, 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. One 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 an average rating of “Moderate Buy” and an average target price of $24.67.

Archrock Stock Performance

NYSE:AROC opened at $23.97 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The firm has a 50-day moving average price of $20.92 and a 200 day moving average price of $20.35. The firm has a market capitalization of $4.20 billion, a PE ratio of 26.33 and a beta of 1.52. Archrock, Inc. has a 12-month low of $13.95 and a 12-month high of $24.71.

Archrock (NYSE:AROC) last posted its earnings results on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, topping 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 business had revenue of $292.16 million during the quarter, compared to the consensus estimate of $286.19 million. During the same quarter last year, the company earned $0.20 EPS. Archrock’s revenue was up 15.3% on a year-over-year basis. Research analysts anticipate that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors 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. This represents a $0.70 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Wednesday, November 6th. Archrock’s dividend payout ratio (DPR) 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.