International Assets Investment Management LLC Makes New Investment 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.

A number of other large investors also recently made changes to their positions in AROC. Earnest Partners LLC boosted its stake in Archrock by 2.7% in the 3rd quarter. Earnest Partners LLC now owns 12,552,460 shares of the energy company’s stock valued at $158,161,000 after purchasing an additional 327,411 shares during the period. Sei Investments Co. boosted its position in shares of Archrock by 16.5% in the third quarter. Sei Investments Co. now owns 3,714,556 shares of the energy company’s stock valued at $46,803,000 after acquiring an additional 527,315 shares during the period. American Century Companies Inc. boosted its position in shares of Archrock by 6.7% in the third quarter. American Century Companies Inc. now owns 2,157,721 shares of the energy company’s stock valued at $27,187,000 after acquiring an additional 135,471 shares during the period. Northern Trust Corp grew its stake in shares of Archrock by 0.9% in the third quarter. Northern Trust Corp now owns 1,684,101 shares of the energy company’s stock valued at $21,220,000 after acquiring an additional 15,157 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Archrock by 110.5% during the third quarter. Envestnet Asset Management Inc. now owns 971,477 shares of the energy company’s stock worth $12,241,000 after acquiring an additional 509,862 shares during the period. Institutional investors own 95.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. 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 report on Thursday, March 28th. Stifel Nicolaus increased their price target on Archrock from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Archrock has a consensus rating of “Moderate Buy” and a consensus price target of $19.67.

Archrock Price Performance

AROC stock opened at $20.17 on Thursday. The company’s 50-day moving average price is $19.51 and its two-hundred day moving average price is $16.69. 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 firm has a market cap of $3.15 billion, a P/E ratio of 24.30, a P/E/G ratio of 2.82 and a beta of 1.58.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $268.49 million during the quarter, compared to the consensus estimate of $260.51 million. Archrock had a net margin of 12.54% and a return on equity of 15.30%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. On average, analysts anticipate that Archrock, Inc. will post 1.02 earnings per share for the current fiscal year.

Archrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Monday, May 6th. Archrock’s payout ratio is 79.52%.

About Archrock

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.