Archrock, Inc. (NYSE:AROC) Shares Bought by Jennison Associates LLC

Jennison Associates LLC boosted its position in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 90.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,978 shares of the energy company's stock after purchasing an additional 29,378 shares during the quarter. Jennison Associates LLC's holdings in Archrock were worth $1,254,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AROC. Kayne Anderson Capital Advisors LP raised its holdings in shares of Archrock by 1,680.2% in the third quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company's stock worth $30,976,000 after acquiring an additional 1,444,471 shares during the last quarter. Boston Partners acquired a new position in Archrock in the 1st quarter valued at about $24,875,000. Millennium Management LLC lifted its holdings in Archrock by 60.3% in the 2nd quarter. Millennium Management LLC now owns 2,343,652 shares of the energy company's stock valued at $47,389,000 after purchasing an additional 882,024 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Archrock by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 18,321,555 shares of the energy company's stock worth $360,385,000 after purchasing an additional 849,750 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Archrock by 20.5% during the second quarter. American Century Companies Inc. now owns 3,958,281 shares of the energy company's stock worth $80,036,000 after buying an additional 672,663 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.

Archrock Trading Up 0.5 %

NYSE:AROC traded up $0.12 on Friday, hitting $25.86. 1,504,421 shares of the stock were exchanged, compared to its average volume of 1,265,843. The stock has a fifty day moving average of $21.52 and a 200-day moving average of $20.51. The stock has a market cap of $4.53 billion, a PE ratio of 28.42 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. Archrock, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $26.36.

Archrock (NYSE:AROC - Get Free Report) last posted its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. The firm had revenue of $292.16 million during the quarter, compared to the consensus estimate of $286.19 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The company's revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. As a group, equities analysts expect that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, November 6th were issued a dividend of $0.175 per share. This is a positive change from Archrock's previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, November 6th. This represents a $0.70 annualized dividend and a dividend yield of 2.71%. Archrock's payout ratio is presently 76.92%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Archrock in a research report on Friday, September 6th. They set an "overweight" rating and a $24.00 target price on the stock. Royal Bank of Canada lifted their price objective on Archrock from $26.00 to $27.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Evercore ISI assumed coverage on Archrock in a research report on Wednesday, September 25th. They set an "outperform" rating and a $24.00 target price on the stock. Mizuho initiated coverage on Archrock in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $24.00 price target for the company. Finally, Citigroup initiated coverage on shares of Archrock in a research note on Friday, September 27th. They set a "buy" 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 given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.