Quantbot Technologies LP Has $941,000 Holdings in Archrock, Inc. (NYSE:AROC)

Quantbot Technologies LP cut its position in Archrock, Inc. (NYSE:AROC - Free Report) by 31.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,487 shares of the energy company's stock after selling 21,594 shares during the period. Quantbot Technologies LP's holdings in Archrock were worth $941,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AROC. GAMMA Investing LLC grew its holdings in shares of Archrock by 16.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,052 shares of the energy company's stock worth $82,000 after acquiring an additional 578 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Archrock by 0.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 84,245 shares of the energy company's stock valued at $1,658,000 after purchasing an additional 710 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Archrock by 6.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,373 shares of the energy company's stock worth $230,000 after purchasing an additional 713 shares in the last quarter. Atria Investments Inc raised its position in shares of Archrock by 2.3% during the 3rd quarter. Atria Investments Inc now owns 32,648 shares of the energy company's stock worth $661,000 after purchasing an additional 746 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in Archrock by 2.2% during the 2nd quarter. Van ECK Associates Corp now owns 35,280 shares of the energy company's stock valued at $713,000 after buying an additional 753 shares during the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Price Performance

Shares of NYSE:AROC traded down $0.24 during midday trading on Monday, reaching $25.38. 652,742 shares of the company's stock were exchanged, compared to its average volume of 1,415,644. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The firm has a market capitalization of $4.45 billion, a PE ratio of 28.15 and a beta of 1.52. Archrock, Inc. has a 12 month low of $14.14 and a 12 month high of $26.36. The company's 50 day simple moving average is $22.00 and its two-hundred day simple moving average is $20.70.

Archrock (NYSE:AROC - Get Free Report) last issued its quarterly 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. The business had revenue of $292.16 million during the quarter, compared to analyst estimates of $286.19 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. Archrock's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. Equities research analysts expect that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, November 6th were given a dividend of $0.175 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.70 dividend on an annualized basis and a yield of 2.76%. This is an increase from Archrock's previous quarterly dividend of $0.17. Archrock's dividend payout ratio is 76.92%.

Analysts Set New Price Targets

Several research firms have recently issued reports on AROC. Evercore ISI initiated coverage on Archrock in a report on Wednesday, September 25th. They set an "outperform" rating and a $24.00 price objective on the stock. Mizuho assumed coverage on Archrock in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $24.00 price target for the company. Royal Bank of Canada increased their price target on Archrock from $26.00 to $27.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Citigroup started 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $25.17.

About Archrock

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.