International Assets Investment Management LLC Takes $4.83 Million Position in Archrock, Inc. (NYSE:AROC)

International Assets Investment Management LLC bought a new stake in Archrock, Inc. (NYSE:AROC) during the 4th quarter, Holdings Channel reports. The firm bought 31,354 shares of the energy company’s stock, valued at approximately $4,830,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of Archrock in the first quarter valued at approximately $31,000. Tower Research Capital LLC TRC grew its position in shares of Archrock by 184.8% in the first quarter. Tower Research Capital LLC TRC now owns 3,913 shares of the energy company’s stock valued at $38,000 after purchasing an additional 2,539 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Archrock by 13.1% in the second quarter. Ameritas Investment Partners Inc. now owns 11,489 shares of the energy company’s stock valued at $118,000 after purchasing an additional 1,335 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Archrock in the third quarter valued at approximately $119,000. Finally, Meeder Advisory Services Inc. acquired a new position in shares of Archrock in the first quarter valued at approximately $119,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Trading Down 2.6 %

Shares of NYSE:AROC opened at $19.39 on Wednesday. The company has a market capitalization of $3.03 billion, a P/E ratio of 28.93, a P/E/G ratio of 2.90 and a beta of 1.59. Archrock, Inc. has a 1 year low of $8.78 and a 1 year high of $21.40. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.40 and a quick ratio of 0.86. The business’s 50 day simple moving average is $18.64 and its 200 day simple moving average is $15.87.

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

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, February 5th. This is a boost from Archrock’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 3.40%. Archrock’s dividend payout ratio is presently 98.51%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upped their target price on 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 assigned a buy rating to the stock. According to MarketBeat.com, Archrock presently has an average rating of “Moderate Buy” and an average target price of $17.67.

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.