31,316 Shares in Archrock, Inc. (NYSE:AROC) Acquired by Cavalier Investments LLC

Cavalier Investments LLC purchased a new position in shares of Archrock, Inc. (NYSE:AROC - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 31,316 shares of the energy company's stock, valued at approximately $634,000.

Several other hedge funds also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd bought a new stake in shares of Archrock in the first quarter valued at about $852,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Archrock by 18.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,270,818 shares of the energy company's stock worth $24,997,000 after purchasing an additional 195,549 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Archrock by 77.2% during the first quarter. BNP Paribas Financial Markets now owns 69,992 shares of the energy company's stock valued at $1,377,000 after purchasing an additional 30,493 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Archrock during the first quarter valued at approximately $1,251,000. Finally, Algert Global LLC increased its holdings in Archrock by 175.7% during the second quarter. Algert Global LLC now owns 567,240 shares of the energy company's stock valued at $11,470,000 after buying an additional 361,520 shares during the period. 95.45% of the stock is currently owned by institutional investors.

Archrock Trading Up 0.5 %

Archrock stock traded up $0.11 during midday trading on Monday, hitting $20.48. 1,370,003 shares of the stock were exchanged, compared to its average volume of 1,436,536. The company has a current ratio of 1.53, a quick ratio of 0.94 and a debt-to-equity ratio of 1.80. The stock's 50-day simple moving average is $20.27 and its 200 day simple moving average is $20.12. Archrock, Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $23.44. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 23.03 and a beta of 1.51.

Archrock (NYSE:AROC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The energy company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Archrock had a return on equity of 16.35% and a net margin of 13.20%. The business had revenue of $270.53 million for the quarter, compared to analyst estimates of $270.61 million. On average, equities analysts anticipate that Archrock, Inc. will post 1.13 EPS for the current year.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, November 6th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.42%. This is a boost from Archrock's previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, November 6th. Archrock's dividend payout ratio (DPR) is 74.16%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Mizuho began coverage on Archrock in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $24.00 target price on the stock. Royal Bank of Canada raised their price objective on Archrock from $22.00 to $26.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. assumed coverage on shares of Archrock in a report on Friday, September 6th. They issued an "overweight" rating and a $24.00 target price for the company. Stifel Nicolaus increased their price target on shares of Archrock from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Finally, Citigroup started coverage on shares of Archrock in a research report on Friday, September 27th. They issued a "buy" rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Archrock currently has an average rating of "Moderate Buy" and an average target price of $24.50.

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.