International Assets Investment Management LLC Acquires Shares of 55,476 Archrock, Inc. (NYSE:AROC)

International Assets Investment Management LLC bought a new position in shares of Archrock, Inc. (NYSE:AROC - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 55,476 shares of the energy company's stock, valued at approximately $11,230,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Archrock by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 18,321,555 shares of the energy company's stock valued at $360,385,000 after buying an additional 849,750 shares during the last quarter. Earnest Partners LLC lifted its stake in shares of Archrock by 2.6% in the first quarter. Earnest Partners LLC now owns 14,007,955 shares of the energy company's stock worth $275,536,000 after acquiring an additional 351,391 shares during the period. Sei Investments Co. boosted its holdings in Archrock by 5.8% in the first quarter. Sei Investments Co. now owns 5,409,863 shares of the energy company's stock valued at $106,412,000 after acquiring an additional 295,998 shares during the last quarter. American Century Companies Inc. increased its position in Archrock by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 3,958,281 shares of the energy company's stock valued at $80,036,000 after purchasing an additional 672,663 shares during the period. Finally, Energy Income Partners LLC raised its holdings in Archrock by 4.9% during the 1st quarter. Energy Income Partners LLC now owns 2,468,897 shares of the energy company's stock worth $48,563,000 after purchasing an additional 116,298 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on AROC. Evercore ISI assumed coverage on shares of Archrock in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $24.00 price objective on the stock. Mizuho began coverage on shares of Archrock in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $24.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on Archrock in a research report on Friday, September 6th. They issued an "overweight" rating and a $24.00 price objective for the company. Citigroup began coverage on Archrock in a research report on Friday, September 27th. They set a "buy" rating and a $24.00 target price on the stock. Finally, Royal Bank of Canada raised their target price on Archrock from $22.00 to $26.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.50.

Archrock Stock Down 0.6 %

Shares of NYSE AROC traded down $0.13 during trading on Thursday, hitting $20.02. 728,331 shares of the company traded hands, compared to its average volume of 1,429,903. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 24.27 and a beta of 1.51. The business's fifty day moving average is $20.32 and its 200 day moving average is $20.12. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.94 and a current ratio of 1.53. Archrock, Inc. has a fifty-two week low of $12.48 and a fifty-two week high of $23.44.

Archrock (NYSE:AROC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping 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. Equities research analysts predict that Archrock, Inc. will post 1.13 earnings per share for the current fiscal year.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.50%. This is a positive change from Archrock's previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, November 6th. Archrock's dividend payout ratio is presently 84.34%.

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.