Archrock, Inc. (NYSE:AROC) Stock Position Raised by Natixis Advisors L.P.

Natixis Advisors L.P. lifted its stake in shares of Archrock, Inc. (NYSE:AROC) by 18.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 481,709 shares of the energy company’s stock after purchasing an additional 76,081 shares during the period. Natixis Advisors L.P.’s holdings in Archrock were worth $7,418,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fisher Asset Management LLC purchased a new stake in Archrock in the 4th quarter worth approximately $752,000. Van ECK Associates Corp increased its stake in shares of Archrock by 6.1% during the 4th quarter. Van ECK Associates Corp now owns 28,113 shares of the energy company’s stock worth $433,000 after purchasing an additional 1,624 shares during the last quarter. Chase Investment Counsel Corp bought a new stake in shares of Archrock during the 4th quarter worth about $1,909,000. Yousif Capital Management LLC boosted its position in Archrock by 2.3% during the fourth quarter. Yousif Capital Management LLC now owns 69,907 shares of the energy company’s stock worth $1,077,000 after purchasing an additional 1,582 shares during the period. Finally, GAMMA Investing LLC bought a new stake in Archrock during the 4th quarter valued at approximately $51,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Stock Performance

Shares of Archrock stock opened at $20.36 on Friday. The firm has a market cap of $3.18 billion, a P/E ratio of 24.53, a P/E/G ratio of 2.82 and a beta of 1.58. Archrock, Inc. has a fifty-two week low of $8.92 and a fifty-two week high of $21.40. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.26 and a quick ratio of 0.74. The firm has a 50 day simple moving average of $19.55 and a 200 day simple moving average of $16.71.

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

Archrock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be given a $0.165 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.24%. Archrock’s dividend payout ratio is 79.52%.

Analyst Ratings Changes

AROC has been the subject of several research reports. Royal Bank of Canada increased their target price on shares of Archrock from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Stifel Nicolaus boosted their price target on shares of Archrock from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.67.

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.