Louisiana State Employees Retirement System Acquires Shares of 68,700 Archrock, Inc. (NYSE:AROC)

Louisiana State Employees Retirement System acquired a new stake in Archrock, Inc. (NYSE:AROC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 68,700 shares of the energy company’s stock, valued at approximately $1,058,000.

Other large investors also recently made changes to their positions in the company. Counterpoint Mutual Funds LLC bought a new position in shares of Archrock during the third quarter valued at about $119,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Archrock during the third quarter valued at about $135,000. Aigen Investment Management LP bought a new position in shares of Archrock during the third quarter valued at about $153,000. Corton Capital Inc. bought a new position in shares of Archrock during the third quarter valued at about $155,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of Archrock during the third quarter valued at about $159,000. 95.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised their price target on shares of Archrock from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.67.

Archrock Stock Performance

NYSE AROC opened at $19.95 on Wednesday. Archrock, Inc. has a 52-week low of $8.78 and a 52-week high of $21.40. The company has a 50-day simple moving average of $19.03 and a 200 day simple moving average of $16.17. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.86 and a current ratio of 1.40. The company has a market capitalization of $3.12 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 2.81 and a beta of 1.59.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Archrock had a net margin of 10.60% and a return on equity of 12.63%. The business had revenue of $259.60 million during the quarter, compared to the consensus estimate of $252.42 million. During the same quarter last year, the company posted $0.07 earnings per share. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. On average, research analysts predict that Archrock, Inc. will post 0.99 EPS for the current year.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were paid a $0.165 dividend. This is an increase from Archrock’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.66 annualized dividend and a dividend yield of 3.31%. Archrock’s dividend payout ratio (DPR) is presently 98.51%.

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.