Archrock, Inc. (NYSE:AROC) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors boosted its holdings in Archrock, Inc. (NYSE:AROC) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,096 shares of the energy company’s stock after acquiring an additional 1,601 shares during the quarter. Captrust Financial Advisors’ holdings in Archrock were worth $401,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of AROC. Raymond James Financial Inc. acquired a new position in Archrock in the fourth quarter worth approximately $36,241,000. Invesco Ltd. grew its holdings in shares of Archrock by 12.8% in the 4th quarter. Invesco Ltd. now owns 8,883,949 shares of the energy company’s stock worth $221,121,000 after acquiring an additional 1,008,438 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in shares of Archrock during the fourth quarter worth $17,247,000. JPMorgan Chase & Co. lifted its holdings in shares of Archrock by 135.1% during the fourth quarter. JPMorgan Chase & Co. now owns 993,063 shares of the energy company’s stock valued at $24,717,000 after purchasing an additional 570,680 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Archrock by 1,585,722.9% in the 4th quarter. Federated Hermes Inc. now owns 555,038 shares of the energy company’s stock valued at $13,815,000 after purchasing an additional 555,003 shares during the period. 95.45% of the stock is owned by institutional investors and hedge funds.

Archrock Stock Performance

Shares of AROC stock opened at $25.30 on Tuesday. Archrock, Inc. has a fifty-two week low of $17.27 and a fifty-two week high of $30.44. The stock’s 50-day moving average is $24.54 and its two-hundred day moving average is $25.49. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The firm has a market cap of $4.47 billion, a P/E ratio of 27.80, a PEG ratio of 1.60 and a beta of 1.19.

Archrock (NYSE:AROC) last released its quarterly earnings data on Monday, May 5th. The energy company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $347.16 million for the quarter, compared to the consensus estimate of $342.98 million. Archrock had a return on equity of 16.24% and a net margin of 13.34%. Analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock declared that its board has approved a share buyback plan on Monday, May 5th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the energy company to reacquire up to 1.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Archrock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.00%. Archrock’s dividend payout ratio is currently 64.41%.

Insider Activity

In related news, SVP Jason Ingersoll sold 42,036 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $24.49, for a total value of $1,029,461.64. Following the completion of the sale, the senior vice president now directly owns 275,911 shares in the company, valued at approximately $6,757,060.39. The trade was a 13.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on AROC. Sidoti upgraded shares of Archrock to a “hold” rating in a report on Wednesday, May 7th. Citigroup raised their price objective on shares of Archrock from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $26.67.

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.