CHURCHILL MANAGEMENT Corp Takes $11.07 Million Position in Archrock, Inc. (NYSE:AROC)

CHURCHILL MANAGEMENT Corp bought a new stake in Archrock, Inc. (NYSE:AROC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 444,826 shares of the energy company's stock, valued at approximately $11,072,000. CHURCHILL MANAGEMENT Corp owned 0.25% of Archrock as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brown Brothers Harriman & Co. purchased a new stake in shares of Archrock in the 3rd quarter worth $28,000. Wolff Wiese Magana LLC bought a new stake in Archrock during the third quarter valued at about $30,000. Continuum Advisory LLC grew its holdings in Archrock by 5,621.6% during the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company's stock valued at $43,000 after purchasing an additional 2,080 shares during the period. Millburn Ridgefield Corp purchased a new stake in Archrock in the third quarter worth about $50,000. Finally, Quarry LP bought a new position in shares of Archrock in the second quarter worth about $52,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Price Performance

AROC traded up $0.70 during trading on Thursday, reaching $29.57. 1,332,557 shares of the company traded hands, compared to its average volume of 1,402,856. The company has a market cap of $5.18 billion, a P/E ratio of 32.49, a PEG ratio of 1.58 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 12-month low of $14.69 and a 12-month high of $29.79. The firm has a fifty day simple moving average of $25.30 and a 200 day simple moving average of $22.13.

Archrock (NYSE:AROC - Get Free Report) last posted its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $292.16 million during the quarter, compared to analysts' expectations of $286.19 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. Archrock's quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the company posted $0.20 earnings per share. On average, equities analysts forecast that Archrock, Inc. will post 1.12 EPS for the current year.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 2.37%. This is a boost from Archrock's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, November 6th. Archrock's payout ratio is 76.92%.

Analyst Ratings Changes

A number of research analysts recently issued reports on AROC shares. Citigroup started coverage on Archrock in a research note on Friday, September 27th. They set a "buy" rating and a $24.00 price objective for the company. Royal Bank of Canada lifted their price target on shares of Archrock from $26.00 to $27.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Evercore ISI assumed coverage on shares of Archrock in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $24.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, November 29th. Finally, Mizuho assumed coverage on shares of Archrock in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $24.00 target price for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.