Natixis Advisors LLC Raises Stock Position in Archrock, Inc. (NYSE:AROC)

Natixis Advisors LLC grew its position in Archrock, Inc. (NYSE:AROC - Free Report) by 14.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 714,651 shares of the energy company's stock after acquiring an additional 89,951 shares during the period. Natixis Advisors LLC owned 0.42% of Archrock worth $14,465,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AROC. Wolff Wiese Magana LLC acquired a new stake in Archrock in the third quarter worth $30,000. Quarry LP bought a new stake in shares of Archrock during the second quarter worth about $52,000. CWM LLC raised its holdings in shares of Archrock by 382.0% in 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. GAMMA Investing LLC lifted its position in Archrock by 16.6% in the 2nd 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 in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Archrock during the 2nd quarter worth approximately $101,000. Institutional investors own 95.45% of the company's stock.

Archrock Trading Up 0.5 %

Archrock stock opened at $24.44 on Thursday. Archrock, Inc. has a 12 month low of $13.95 and a 12 month high of $24.92. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 26.72 and a beta of 1.52. The business's fifty day simple moving average is $21.26 and its two-hundred day simple moving average is $20.43. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73.

Archrock (NYSE:AROC - Get Free Report) last announced its quarterly 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 return on equity of 16.24% and a net margin of 13.34%. The firm had revenue of $292.16 million for the quarter, compared to the consensus estimate of $286.19 million. During the same period in the prior year, the company posted $0.20 earnings per share. The company's quarterly revenue was up 15.3% on a year-over-year basis. As a group, equities analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Wednesday, November 6th. This is a boost from Archrock's previous quarterly dividend of $0.17. Archrock's dividend payout ratio (DPR) is currently 76.92%.

Analysts Set New Price Targets

AROC has been the subject of several recent analyst reports. Royal Bank of Canada upped their target price on shares of Archrock from $26.00 to $27.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. Stifel Nicolaus lifted their price target on Archrock from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. Mizuho began coverage on Archrock in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $24.00 target price for the company. Evercore ISI started coverage on shares of Archrock in a report on Wednesday, September 25th. They set an "outperform" rating and a $24.00 price objective for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of Archrock in a research note on Friday, September 6th. They issued an "overweight" rating and a $24.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $24.67.

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.