Fifth Third Bancorp Purchases 9,472 Shares of Archrock, Inc. (NYSE:AROC)

Fifth Third Bancorp grew its position in Archrock, Inc. (NYSE:AROCFree Report) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 180,832 shares of the energy company’s stock after purchasing an additional 9,472 shares during the quarter. Fifth Third Bancorp owned approximately 0.12% of Archrock worth $2,785,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in Archrock during the first quarter worth $31,000. Tower Research Capital LLC TRC boosted its stake in Archrock by 184.8% during the first quarter. Tower Research Capital LLC TRC now owns 3,913 shares of the energy company’s stock worth $38,000 after acquiring an additional 2,539 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in Archrock by 13.1% during the second quarter. Ameritas Investment Partners Inc. now owns 11,489 shares of the energy company’s stock worth $118,000 after acquiring an additional 1,335 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in Archrock during the third quarter worth $119,000. Finally, Meeder Advisory Services Inc. bought a new position in Archrock during the first quarter worth $119,000. 95.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their target price on shares of Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $17.67.

Get Our Latest Analysis on AROC

Archrock Stock Up 4.0 %

Archrock stock opened at $20.59 on Wednesday. Archrock, Inc. has a 1-year low of $8.78 and a 1-year high of $20.63. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 2.82 and a beta of 1.59. The firm’s fifty day moving average price is $17.86 and its two-hundred day moving average price is $15.36. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.82.

Archrock (NYSE:AROCGet Free Report) last released its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. Archrock had a net margin of 10.60% and a return on equity of 12.63%. The firm had revenue of $259.60 million for the quarter, compared to analyst estimates of $252.42 million. During the same period last year, the firm earned $0.07 earnings per share. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. On average, equities research analysts predict that Archrock, Inc. will post 1 earnings per share for the current fiscal year.

Archrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.21%. This is a positive change from Archrock’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Monday, February 5th. Archrock’s dividend payout ratio (DPR) is 98.51%.

Archrock Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding AROC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archrock, Inc. (NYSE:AROCFree Report).

Institutional Ownership by Quarter for Archrock (NYSE:AROC)

Receive News & Ratings for Archrock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archrock and related companies with MarketBeat.com's FREE daily email newsletter.