Barclays PLC Purchases 167,648 Shares of Archrock, Inc. (NYSE:AROC)

Barclays PLC raised its stake in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 124.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 302,610 shares of the energy company's stock after purchasing an additional 167,648 shares during the quarter. Barclays PLC owned 0.17% of Archrock worth $6,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Archrock by 6.7% in 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. Envestnet Portfolio Solutions Inc. bought a new position in shares of Archrock in the second quarter valued at approximately $213,000. Raymond James & Associates raised its stake in shares of Archrock by 10.7% in the second quarter. Raymond James & Associates now owns 137,212 shares of the energy company's stock valued at $2,774,000 after acquiring an additional 13,274 shares during the last quarter. &PARTNERS boosted its holdings in shares of Archrock by 87.1% in the 2nd quarter. &PARTNERS now owns 24,130 shares of the energy company's stock worth $488,000 after acquiring an additional 11,234 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in Archrock by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 69,200 shares of the energy company's stock worth $1,399,000 after acquiring an additional 1,200 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Evercore ISI assumed 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. Citigroup started 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. JPMorgan Chase & Co. boosted their target price on shares of Archrock from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday, November 29th. Mizuho initiated coverage on shares of Archrock in a research note on Wednesday, October 2nd. They set an "outperform" rating and a $24.00 price target on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of Archrock from $26.00 to $27.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.17.

Archrock Trading Up 2.2 %

Shares of NYSE:AROC traded up $0.52 during trading on Friday, hitting $24.55. 3,893,116 shares of the company's stock were exchanged, compared to its average volume of 1,433,735. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The firm has a market cap of $4.30 billion, a P/E ratio of 26.98 and a beta of 1.59. The firm has a 50-day moving average price of $23.35 and a two-hundred day moving average price of $21.25. Archrock, Inc. has a 1-year low of $14.39 and a 1-year high of $27.05.

Archrock (NYSE:AROC - Get Free Report) last released its earnings results on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, topping 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 previous year, the business earned $0.20 EPS. The business's quarterly revenue was up 15.3% compared to the same quarter last year. Equities analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.175 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.70 dividend on an annualized basis and a yield of 2.85%. This is a boost from Archrock's previous quarterly dividend of $0.17. Archrock's dividend payout ratio (DPR) is 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.