Lebenthal Global Advisors LLC Purchases New Holdings in Archrock, Inc. (NYSE:AROC)

Lebenthal Global Advisors LLC purchased a new stake in shares of Archrock, Inc. (NYSE:AROC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,497 shares of the energy company’s stock, valued at approximately $336,000.

Several other large investors have also bought and sold shares of AROC. Kayne Anderson Capital Advisors LP grew its stake in shares of Archrock by 1,680.2% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company’s stock worth $30,976,000 after buying an additional 1,444,471 shares in the last quarter. Eagle Asset Management Inc. bought a new position in Archrock during the 3rd quarter worth about $22,108,000. Millennium Management LLC increased its holdings in Archrock by 60.3% during the second quarter. Millennium Management LLC now owns 2,343,652 shares of the energy company’s stock valued at $47,389,000 after buying an additional 882,024 shares during the period. State Street Corp lifted its stake in shares of Archrock by 11.5% during the 3rd quarter. State Street Corp now owns 6,836,745 shares of the energy company’s stock worth $138,376,000 after purchasing an additional 707,379 shares during the last quarter. Finally, HITE Hedge Asset Management LLC purchased a new position in shares of Archrock in the 3rd quarter worth approximately $10,939,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Stock Performance

Shares of AROC opened at $26.86 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The firm has a market cap of $4.70 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 1.81 and a beta of 1.58. Archrock, Inc. has a 12-month low of $15.65 and a 12-month high of $30.44. The company’s 50 day simple moving average is $26.07 and its 200-day simple moving average is $22.55.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The business had revenue of $292.16 million during the quarter, compared to analysts’ expectations of $286.19 million. During the same period last year, the firm earned $0.20 EPS. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, equities analysts predict that Archrock, Inc. will post 1.12 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AROC shares. Royal Bank of Canada boosted their price objective on shares of Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Mizuho initiated coverage on shares of Archrock in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Archrock currently has an average rating of “Moderate Buy” and an average price target of $25.17.

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.