62,987 Shares in Archrock, Inc. $AROC Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in Archrock, Inc. (NYSE:AROC) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 62,987 shares of the energy company’s stock, valued at approximately $1,657,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB increased its stake in shares of Archrock by 164.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock worth $28,000 after purchasing an additional 673 shares in the last quarter. Salomon & Ludwin LLC bought a new position in Archrock in the 3rd quarter worth approximately $34,000. Jones Financial Companies Lllp grew its stake in Archrock by 217.9% in 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 in the last quarter. Farther Finance Advisors LLC raised its holdings 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 acquiring an additional 546 shares during the period. Finally, Motco purchased a new stake in shares of Archrock during the second quarter worth $57,000. Institutional investors own 95.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AROC shares. Zacks Research upgraded Archrock from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Archrock in a report on Wednesday, January 21st. Royal Bank Of Canada upped their price target on Archrock from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Finally, Evercore raised their price objective on shares of Archrock from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $32.40.

Archrock Stock Performance

NYSE AROC opened at $33.74 on Wednesday. The company has a market capitalization of $5.92 billion, a P/E ratio of 22.50, a P/E/G ratio of 1.41 and a beta of 0.93. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.01 and a current ratio of 1.56. Archrock, Inc. has a 52-week low of $20.12 and a 52-week high of $33.82. The company has a fifty day moving average of $28.41 and a 200-day moving average of $26.00.

Archrock (NYSE:AROC) last released its quarterly earnings results on Tuesday, February 24th. The energy company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.27. Archrock had a return on equity of 20.17% and a net margin of 18.43%.The business had revenue of $377.07 million for the quarter, compared to the consensus estimate of $378.04 million. During the same quarter last year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, equities research analysts predict that Archrock, Inc. will post 1.09 EPS for the current fiscal year.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Tuesday, February 10th were paid a $0.22 dividend. This is an increase from Archrock’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, February 10th. Archrock’s payout ratio is currently 58.67%.

About Archrock

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.