31,052 Shares in Archrock, Inc. $AROC Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in Archrock, Inc. (NYSE:AROC) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 31,052 shares of the energy company’s stock, valued at approximately $771,000.

Several other hedge funds have also recently bought and sold shares of the business. Jones Financial Companies Lllp raised its stake in shares of Archrock by 217.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock worth $35,000 after purchasing an additional 902 shares in the last quarter. TCTC Holdings LLC raised its stake in shares of Archrock by 119.6% during the 1st quarter. TCTC Holdings LLC now owns 1,599 shares of the energy company’s stock worth $42,000 after purchasing an additional 871 shares in the last quarter. Bayforest Capital Ltd bought a new stake in Archrock in the first quarter worth approximately $47,000. State of Wyoming acquired a new position in shares of Archrock during the 1st quarter worth $53,000. Finally, Quarry LP acquired a new position in shares of Archrock during the 1st quarter worth $65,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank Of Canada increased their price objective on Archrock from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Zacks Research raised Archrock from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Mizuho increased their price objective on Archrock from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Evercore ISI increased their price objective on Archrock from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Archrock in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Archrock has an average rating of “Buy” and an average target price of $31.50.

Insiders Place Their Bets

In other Archrock news, SVP Eric W. Thode sold 10,000 shares of Archrock stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $23.54, for a total value of $235,400.00. Following the completion of the transaction, the senior vice president owned 224,809 shares in the company, valued at approximately $5,292,003.86. The trade was a 4.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jason C. Rebrook acquired 5,000 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was acquired at an average price of $23.94 per share, with a total value of $119,700.00. Following the transaction, the director owned 79,511 shares in the company, valued at approximately $1,903,493.34. The trade was a 6.71% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.60% of the company’s stock.

Archrock Price Performance

Shares of AROC stock opened at $24.99 on Thursday. The stock has a 50 day moving average of $24.94 and a two-hundred day moving average of $24.50. The company has a current ratio of 1.81, a quick ratio of 1.30 and a debt-to-equity ratio of 1.86. Archrock, Inc. has a 12 month low of $20.12 and a 12 month high of $30.44. The company has a market capitalization of $4.38 billion, a P/E ratio of 16.66, a P/E/G ratio of 1.29 and a beta of 1.07.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Tuesday, October 28th. The energy company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Archrock had a return on equity of 20.40% and a net margin of 18.43%.The company had revenue of $382.43 million during the quarter, compared to the consensus estimate of $379.29 million. During the same quarter last year, the company earned $0.28 EPS. The company’s quarterly revenue was up 30.9% on a year-over-year basis. As a group, equities analysts expect that Archrock, Inc. will post 1.09 EPS for the current year.

Archrock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Tuesday, November 4th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, November 4th. Archrock’s dividend payout ratio is 56.00%.

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.