Archrock, Inc. $AROC Position Lifted by Tudor Investment Corp ET AL
by Teresa Graham · The Cerbat GemTudor Investment Corp ET AL increased its position in Archrock, Inc. (NYSE:AROC – Free Report) by 4.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 649,481 shares of the energy company’s stock after purchasing an additional 25,184 shares during the period. Tudor Investment Corp ET AL owned 0.37% of Archrock worth $17,088,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in Archrock by 3.3% during the third quarter. American Century Companies Inc. now owns 6,077,999 shares of the energy company’s stock valued at $159,912,000 after purchasing an additional 191,914 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Archrock by 19.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 264,991 shares of the energy company’s stock worth $6,972,000 after buying an additional 43,872 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Archrock by 55.1% in the 2nd quarter. Hsbc Holdings PLC now owns 121,089 shares of the energy company’s stock valued at $3,049,000 after buying an additional 43,023 shares during the period. Franklin Resources Inc. grew its position in shares of Archrock by 78.7% during the 2nd quarter. Franklin Resources Inc. now owns 1,237,956 shares of the energy company’s stock valued at $30,738,000 after buying an additional 545,336 shares during the last quarter. Finally, Bernzott Capital Advisors grew its position in shares of Archrock by 62.3% during the 3rd quarter. Bernzott Capital Advisors now owns 291,534 shares of the energy company’s stock valued at $7,670,000 after buying an additional 111,908 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on AROC. Wall Street Zen downgraded Archrock from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Dawson James restated an “outperform” rating on shares of Archrock in a research report on Wednesday, February 25th. Zacks Research upgraded Archrock from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Royal Bank Of Canada raised their target price on Archrock from $32.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. Finally, Stifel Nicolaus boosted their price target on shares of Archrock from $31.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $38.14.
Check Out Our Latest Report on Archrock
Archrock Stock Performance
Shares of AROC stock opened at $35.50 on Friday. Archrock, Inc. has a 12-month low of $20.12 and a 12-month high of $37.26. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.54 and a quick ratio of 0.99. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 1.51 and a beta of 0.87. The business has a 50 day simple moving average of $31.99 and a 200 day simple moving average of $27.41.
Archrock (NYSE:AROC – Get Free Report) last announced its earnings results on Tuesday, February 24th. The energy company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.29. Archrock had a return on equity of 23.57% and a net margin of 21.63%.The firm had revenue of $377.07 million for the quarter, compared to the consensus estimate of $378.04 million. During the same quarter in the previous year, the business earned $0.34 EPS. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities research analysts anticipate that Archrock, Inc. will post 1.09 EPS for the current year.
Archrock Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Tuesday, February 10th were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This is an increase from Archrock’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 2.5%. Archrock’s dividend payout ratio is currently 48.09%.
Insider Transactions at Archrock
In related news, CAO Donna A. Henderson sold 10,413 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $36.74, for a total value of $382,573.62. Following the completion of the transaction, the chief accounting officer owned 27,757 shares in the company, valued at $1,019,792.18. This represents a 27.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.60% of the stock is owned by corporate insiders.
About Archrock
Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.
The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.