Dynamic Technology Lab Private Ltd Boosts Position in Archrock, Inc. (NYSE:AROC)

Dynamic Technology Lab Private Ltd grew its position in Archrock, Inc. (NYSE:AROC - Free Report) by 275.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,780 shares of the energy company's stock after purchasing an additional 50,485 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Archrock were worth $1,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. boosted its position in shares of Archrock by 70.6% during the first quarter. Russell Investments Group Ltd. now owns 5,946 shares of the energy company's stock worth $117,000 after acquiring an additional 2,461 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Archrock during the first quarter worth $210,000. Price T Rowe Associates Inc. MD boosted its position in shares of Archrock by 0.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 84,245 shares of the energy company's stock worth $1,658,000 after acquiring an additional 710 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of Archrock by 41.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 71,968 shares of the energy company's stock worth $1,416,000 after acquiring an additional 20,957 shares during the last quarter. Finally, Boston Partners bought a new position in shares of Archrock during the first quarter worth $24,875,000. 95.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AROC. Citigroup began coverage on shares of Archrock in a research report on Friday, September 27th. They set a "buy" rating and a $24.00 target price for the company. Royal Bank of Canada increased their price objective on shares of Archrock from $26.00 to $27.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Mizuho initiated coverage on shares of Archrock in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $24.00 price objective for the company. Evercore ISI initiated coverage on shares of Archrock in a research 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 report on Friday, September 6th. They set an "overweight" rating and a $24.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Archrock presently has an average rating of "Moderate Buy" and a consensus target price of $24.67.

Archrock Trading Down 0.6 %

Shares of AROC opened at $25.24 on Wednesday. Archrock, Inc. has a twelve month low of $13.95 and a twelve month high of $26.36. The company has a market cap of $4.42 billion, a P/E ratio of 27.74 and a beta of 1.52. 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 company's fifty day simple moving average is $21.74 and its 200-day simple moving average is $20.59.

Archrock (NYSE:AROC - Get Free Report) last announced 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. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The business had revenue of $292.16 million for the quarter, compared to the consensus estimate of $286.19 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The business's revenue for the quarter was up 15.3% on a year-over-year basis. As a group, analysts expect that Archrock, Inc. will post 1.09 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 paid a $0.175 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.70 annualized dividend and a dividend yield of 2.77%. This is an increase from Archrock's previous quarterly dividend of $0.17. Archrock's dividend payout ratio is currently 76.92%.

Archrock 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.