Edgestream Partners L.P. Decreases Position in Archrock, Inc. (NYSE:AROC)

Edgestream Partners L.P. lowered its position in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 64.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,985 shares of the energy company's stock after selling 186,112 shares during the quarter. Edgestream Partners L.P. owned about 0.06% of Archrock worth $2,064,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AROC. Kayne Anderson Capital Advisors LP boosted its position in Archrock by 1,680.2% during the third quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company's stock valued at $30,976,000 after acquiring an additional 1,444,471 shares during the last quarter. Eagle Asset Management Inc. bought a new position in shares of Archrock during the 3rd quarter worth about $22,108,000. Millennium Management LLC boosted its position in shares of Archrock by 60.3% during the 2nd quarter. Millennium Management LLC now owns 2,343,652 shares of the energy company's stock worth $47,389,000 after purchasing an additional 882,024 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Archrock by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 3,958,281 shares of the energy company's stock worth $80,036,000 after purchasing an additional 672,663 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Archrock by 309.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 528,272 shares of the energy company's stock worth $10,682,000 after purchasing an additional 399,336 shares in the last quarter. Institutional investors own 95.45% of the company's stock.

Archrock Stock Performance

Shares of Archrock stock traded up $0.53 on Tuesday, reaching $25.92. 3,278,887 shares of the company traded hands, compared to its average volume of 1,425,517. Archrock, Inc. has a 52 week low of $14.14 and a 52 week high of $26.36. The company has a 50 day moving average of $22.19 and a 200 day moving average of $20.77. The firm has a market capitalization of $4.54 billion, a PE ratio of 28.48 and a beta of 1.59. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82.

Archrock (NYSE:AROC - Get Free Report) last released its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share for the quarter, beating 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 the consensus estimate of $286.19 million. During the same period in the prior year, the firm earned $0.20 EPS. The company's revenue was up 15.3% compared to the same quarter last year. Equities analysts forecast that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, November 6th were issued a $0.175 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This is an increase from Archrock's previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a yield of 2.70%. Archrock's dividend payout ratio (DPR) is 76.92%.

Analysts Set New Price Targets

A number of research firms recently weighed in on AROC. 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 report on Thursday, November 14th. Evercore ISI began coverage on shares of Archrock in a report on Wednesday, September 25th. They issued an "outperform" rating and a $24.00 target price on the stock. Citigroup began coverage on shares of Archrock in a report on Friday, September 27th. They issued a "buy" rating and a $24.00 target price on the stock. Mizuho began coverage on shares of Archrock in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $24.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $25.17.

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.