Alps Advisors Inc. Takes Position in Archrock, Inc. $AROC

Alps Advisors Inc. purchased a new stake in shares of Archrock, Inc. (NYSE:AROC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,690 shares of the energy company’s stock, valued at approximately $492,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AROC. Wilmington Savings Fund Society FSB grew its position in Archrock by 164.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock worth $28,000 after buying an additional 673 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in Archrock in the 3rd quarter worth approximately $34,000. Jones Financial Companies Lllp boosted its position in Archrock by 217.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after buying an additional 902 shares during the period. Farther Finance Advisors LLC raised its position in Archrock by 49.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,640 shares of the energy company’s stock valued at $43,000 after purchasing an additional 546 shares during the last quarter. Finally, Motco purchased a new position in Archrock during the 2nd quarter valued at $57,000. Institutional investors own 95.45% of the company’s stock.

Archrock Trading Down 1.9%

AROC opened at $31.77 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.01 and a debt-to-equity ratio of 1.80. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 1.39 and a beta of 0.93. The stock has a fifty day moving average price of $27.24 and a 200-day moving average price of $25.41. Archrock, Inc. has a 12 month low of $20.12 and a 12 month high of $32.87.

Archrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Tuesday, February 10th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This is an increase from Archrock’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 2.8%. Archrock’s dividend payout ratio is 58.67%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AROC. Royal Bank Of Canada lifted their price objective on Archrock from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Zacks Research raised shares of Archrock from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Archrock in a research note on Wednesday, January 21st. Finally, Evercore lifted their target price on Archrock from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $32.40.

Archrock Profile

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.