Exchange Traded Concepts LLC Raises Stake in Archrock, Inc. (NYSE:AROC)

Exchange Traded Concepts LLC grew its position in Archrock, Inc. (NYSE:AROC - Free Report) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 369,165 shares of the energy company's stock after buying an additional 15,824 shares during the quarter. Exchange Traded Concepts LLC owned 0.21% of Archrock worth $9,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AROC. B. Riley Wealth Advisors Inc. boosted its position in Archrock by 0.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company's stock valued at $1,025,000 after buying an additional 427 shares during the period. Atria Investments Inc boosted its holdings in Archrock by 2.3% in the third quarter. Atria Investments Inc now owns 32,648 shares of the energy company's stock valued at $661,000 after purchasing an additional 746 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in Archrock by 1.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 48,091 shares of the energy company's stock worth $1,197,000 after purchasing an additional 796 shares in the last quarter. Glenmede Trust Co. NA grew its stake in Archrock by 2.7% during the 3rd 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 in the last quarter. Finally, KBC Group NV increased its holdings in Archrock by 23.6% during the 3rd quarter. KBC Group NV now owns 5,324 shares of the energy company's stock worth $108,000 after purchasing an additional 1,016 shares during the period. Hedge funds and other institutional investors own 95.45% of the company's stock.

Archrock Stock Up 0.5 %

AROC stock traded up $0.16 during midday trading on Friday, reaching $29.76. 1,041,960 shares of the company were exchanged, compared to its average volume of 1,062,728. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 32.70, a price-to-earnings-growth ratio of 1.81 and a beta of 1.58. 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 1-year low of $15.65 and a 1-year high of $30.44. The stock's 50-day simple moving average is $26.07 and its 200 day simple moving average is $22.52.

Archrock (NYSE:AROC - Get Free Report) last announced its quarterly 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 net margin of 13.34% and a return on equity of 16.24%. The firm had revenue of $292.16 million for the quarter, compared to analyst estimates of $286.19 million. During the same period last year, the business earned $0.20 EPS. Archrock's revenue for the quarter was up 15.3% compared to the same quarter last year. On average, equities analysts forecast that Archrock, Inc. will post 1.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AROC shares. Mizuho began coverage on Archrock in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $24.00 price objective for the company. Royal Bank of Canada boosted their price target on shares of Archrock from $26.00 to $27.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. Citigroup assumed coverage on shares of Archrock in a research report on Friday, September 27th. They issued a "buy" rating and a $24.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective 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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $25.17.

About Archrock

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.