Moody Aldrich Partners LLC acquired a new stake in shares of Archrock, Inc. (NYSE:AROC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 159,355 shares of the energy company's stock, valued at approximately $3,966,000. Moody Aldrich Partners LLC owned approximately 0.09% of Archrock as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of AROC. Kayne Anderson Capital Advisors LP grew its stake in Archrock by 1,680.2% in the third quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company's stock worth $30,976,000 after purchasing an additional 1,444,471 shares in the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Archrock during the 3rd quarter valued at approximately $22,108,000. Millennium Management LLC lifted its stake in Archrock by 60.3% during the second quarter. Millennium Management LLC now owns 2,343,652 shares of the energy company's stock worth $47,389,000 after purchasing an additional 882,024 shares during the last quarter. State Street Corp boosted its holdings in Archrock by 11.5% in the third quarter. State Street Corp now owns 6,836,745 shares of the energy company's stock worth $138,376,000 after purchasing an additional 707,379 shares during the period. Finally, HITE Hedge Asset Management LLC bought a new stake in Archrock during the third quarter valued at $10,939,000. 95.45% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on AROC. JPMorgan Chase & Co. raised their price target on shares of Archrock from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. Royal Bank of Canada upped their price objective on Archrock from $26.00 to $27.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Archrock has an average rating of "Moderate Buy" and an average target price of $25.17.
Check Out Our Latest Research Report on AROC
Archrock Stock Performance
Shares of NYSE AROC traded down $1.91 during midday trading on Friday, hitting $28.08. 2,003,180 shares of the company's stock were exchanged, compared to its average volume of 1,233,982. The stock's 50 day moving average price is $26.43 and its 200-day moving average price is $22.77. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The firm has a market cap of $4.92 billion, a P/E ratio of 30.85, a PEG ratio of 1.75 and a beta of 1.58. Archrock, Inc. has a twelve month low of $15.65 and a twelve month high of $30.44.
Archrock (NYSE:AROC - Get Free Report) last announced its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The firm had revenue of $292.16 million during the quarter, compared to analyst estimates of $286.19 million. During the same quarter in the prior year, the firm posted $0.20 EPS. Archrock's revenue was up 15.3% compared to the same quarter last year. Equities research analysts anticipate that Archrock, Inc. will post 1.12 EPS for the current year.
Archrock Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.19 per share. This is a boost from Archrock's previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, February 12th. This represents a $0.76 annualized dividend and a yield of 2.71%. Archrock's payout ratio is presently 76.92%.
About Archrock
(
Free Report)
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.
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