Vanguard Personalized Indexing Management LLC Has $511,000 Stake in Archrock, Inc. $AROC

Vanguard Personalized Indexing Management LLC grew its holdings in Archrock, Inc. (NYSE:AROC) by 8.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,574 shares of the energy company’s stock after buying an additional 1,617 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Archrock were worth $511,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Invesco Ltd. lifted its position in shares of Archrock by 0.8% in the first quarter. Invesco Ltd. now owns 8,951,896 shares of the energy company’s stock valued at $234,898,000 after buying an additional 67,947 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Archrock by 9.4% in the first quarter. American Century Companies Inc. now owns 5,388,964 shares of the energy company’s stock valued at $141,406,000 after buying an additional 461,940 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Archrock by 17.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,292,302 shares of the energy company’s stock valued at $60,150,000 after buying an additional 334,858 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its position in shares of Archrock by 2.0% in the first quarter. Kayne Anderson Capital Advisors LP now owns 1,647,222 shares of the energy company’s stock valued at $43,223,000 after buying an additional 32,958 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Archrock in the first quarter valued at approximately $43,092,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AROC. Wells Fargo & Company initiated coverage on Archrock in a research report on Wednesday, September 3rd. They issued an “overweight” rating and a $30.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Archrock in a report on Wednesday, October 8th. Mizuho lifted their price target on Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Evercore ISI dropped their price target on Archrock from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Wednesday, August 6th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Insider Buying and Selling at Archrock

In related news, SVP Eric W. Thode sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $23.54, for a total transaction of $235,400.00. Following the sale, the senior vice president owned 224,809 shares in the company, valued at $5,292,003.86. The trade was a 4.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jason C. Rebrook acquired 10,000 shares of Archrock stock in a transaction that occurred on Thursday, September 18th. The shares were purchased at an average price of $24.17 per share, for a total transaction of $241,700.00. Following the transaction, the director directly owned 74,511 shares in the company, valued at $1,800,930.87. The trade was a 15.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.

Archrock Trading Up 0.4%

Shares of AROC opened at $24.68 on Wednesday. Archrock, Inc. has a 52-week low of $19.73 and a 52-week high of $30.44. The business’s fifty day moving average is $24.71 and its 200-day moving average is $24.30. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.30 and a current ratio of 1.81. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.27 and a beta of 1.07.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Monday, August 4th. The energy company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Archrock had a return on equity of 18.74% and a net margin of 17.17%.The company had revenue of $383.15 million for the quarter, compared to analyst estimates of $366.34 million. During the same quarter last year, the company posted $0.23 EPS. The company’s revenue for the quarter was up 41.6% compared to the same quarter last year. Equities analysts anticipate that Archrock, Inc. will post 1.09 EPS for the current fiscal year.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, August 5th. This is a positive change from Archrock’s previous quarterly dividend of $0.19. Archrock’s dividend payout ratio is 63.64%.

Archrock Company 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.