Intech Investment Management LLC Grows Stock Position in Archrock, Inc. (NYSE:AROC)

Intech Investment Management LLC raised its position in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 58.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,401 shares of the energy company's stock after purchasing an additional 21,980 shares during the period. Intech Investment Management LLC's holdings in Archrock were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of AROC. Algert Global LLC boosted its holdings in Archrock by 175.7% in the 2nd quarter. Algert Global LLC now owns 567,240 shares of the energy company's stock worth $11,470,000 after buying an additional 361,520 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of Archrock in the third quarter worth $200,000. Quest Partners LLC grew its position in shares of Archrock by 145.8% in the second quarter. Quest Partners LLC now owns 76,650 shares of the energy company's stock valued at $1,550,000 after purchasing an additional 45,466 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Archrock by 93.5% during the 3rd quarter. Van ECK Associates Corp now owns 68,251 shares of the energy company's stock valued at $1,383,000 after purchasing an additional 32,971 shares during the period. Finally, Boston Partners bought a new stake in shares of Archrock during the 1st quarter valued at $24,875,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AROC has been the subject of a number of recent analyst reports. Evercore ISI initiated coverage on Archrock in a report on Wednesday, September 25th. They set an "outperform" rating and a $24.00 target price for the company. 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. JPMorgan Chase & Co. started 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. Mizuho assumed coverage on shares of Archrock in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $24.00 price target for the company. Finally, Citigroup initiated coverage on Archrock in a research report on Friday, September 27th. They issued a "buy" rating and a $24.00 price objective on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.67.

Archrock Price Performance

Shares of NYSE:AROC opened at $25.24 on Wednesday. The company's fifty day moving average price is $21.74 and its 200-day moving average price is $20.59. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 27.74 and a beta of 1.52. Archrock, Inc. has a one year low of $13.95 and a one year high of $26.36.

Archrock (NYSE:AROC - Get Free Report) last released its earnings results on Monday, November 11th. The energy company reported $0.28 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 business had revenue of $292.16 million for the quarter, compared to analysts' expectations of $286.19 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The firm's revenue was up 15.3% on a year-over-year basis. On average, equities research analysts anticipate that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, November 6th were given a $0.175 dividend. This is an increase from Archrock's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.70 dividend on an annualized basis and a yield of 2.77%. Archrock's payout ratio is presently 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.