Archrock, Inc. (NYSE:AROC) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in shares of Archrock, Inc. (NYSE:AROC) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,471,805 shares of the energy company’s stock after buying an additional 62,200 shares during the quarter. Vanguard Group Inc. owned approximately 10.55% of Archrock worth $269,066,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC acquired a new position in shares of Archrock during the 4th quarter worth approximately $752,000. Goldman Sachs Group Inc. raised its position in Archrock by 171.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,332,058 shares of the energy company’s stock worth $20,514,000 after acquiring an additional 841,366 shares during the period. Bridgeway Capital Management LLC lifted its holdings in Archrock by 2.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 927,031 shares of the energy company’s stock valued at $14,276,000 after purchasing an additional 22,039 shares in the last quarter. Blackstone Inc. grew its position in shares of Archrock by 4,211.9% in the fourth quarter. Blackstone Inc. now owns 5,903,142 shares of the energy company’s stock valued at $90,908,000 after purchasing an additional 5,766,237 shares during the period. Finally, Tortoise Index Solutions LLC grew its position in shares of Archrock by 4.8% in the fourth quarter. Tortoise Index Solutions LLC now owns 270,964 shares of the energy company’s stock valued at $4,173,000 after purchasing an additional 12,325 shares during the period. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Analysts Set New Price Targets

AROC has been the topic of a number of research reports. Stifel Nicolaus raised their price target on shares of Archrock from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Royal Bank of Canada lifted their price target on Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Finally, StockNews.com cut Archrock from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.67.

Archrock Stock Up 1.0 %

AROC stock opened at $20.22 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.78. The firm has a 50-day moving average of $19.70 and a two-hundred day moving average of $18.19. Archrock, Inc. has a 12 month low of $9.57 and a 12 month high of $21.60. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 1.57 and a beta of 1.57.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm had revenue of $268.49 million during the quarter, compared to analysts’ expectations of $260.51 million. Archrock had a return on equity of 15.30% and a net margin of 12.54%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 earnings per share. As a group, analysts forecast that Archrock, Inc. will post 1.07 earnings per share for the current fiscal year.

Archrock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.66 annualized dividend and a dividend yield of 3.26%. Archrock’s payout ratio is 79.52%.

About Archrock

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.