Archrock, Inc. (NYSE:AROC) Position Boosted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its holdings in Archrock, Inc. (NYSE:AROC) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,999 shares of the energy company’s stock after purchasing an additional 7,286 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Archrock were worth $1,663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Louisiana State Employees Retirement System acquired a new stake in Archrock during the 4th quarter worth about $1,058,000. Chase Investment Counsel Corp acquired a new stake in shares of Archrock during the fourth quarter valued at approximately $1,909,000. Blackstone Inc. purchased a new stake in shares of Archrock in the 3rd quarter valued at approximately $1,725,000. Envestnet Asset Management Inc. boosted its stake in Archrock by 110.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 971,477 shares of the energy company’s stock worth $12,241,000 after purchasing an additional 509,862 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Archrock during the 3rd quarter worth approximately $620,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AROC shares. Royal Bank of Canada raised their target price on Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Stifel Nicolaus raised their price objective on Archrock from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.67.

Archrock Trading Up 0.7 %

Archrock stock opened at $20.18 on Wednesday. Archrock, Inc. has a 12 month low of $8.92 and a 12 month high of $21.40. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 1.78. The stock has a market cap of $3.15 billion, a P/E ratio of 24.31, a P/E/G ratio of 2.82 and a beta of 1.58. The company’s fifty day simple moving average is $19.47 and its 200-day simple moving average is $16.66.

Archrock (NYSE:AROC) last issued its earnings results on Wednesday, May 1st. The energy company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Archrock had a return on equity of 15.30% and a net margin of 12.54%. The firm had revenue of $268.49 million for the quarter, compared to the consensus estimate of $260.51 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Archrock, Inc. will post 1.02 EPS for the current fiscal year.

Archrock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Monday, May 6th. Archrock’s dividend payout ratio (DPR) is presently 79.52%.

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.