Daiwa Securities Group Inc. Makes New Investment in Archrock, Inc. (NYSE:AROC)

Daiwa Securities Group Inc. bought a new stake in Archrock, Inc. (NYSE:AROC) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,100 shares of the energy company’s stock, valued at approximately $103,000.

Other large investors have also made changes to their positions in the company. Wolff Wiese Magana LLC acquired a new position in Archrock in the third quarter valued at about $30,000. Quarry LP acquired a new position in shares of Archrock in the 2nd quarter worth approximately $52,000. CWM LLC grew its position in Archrock by 382.0% during the 2nd quarter. CWM LLC now owns 3,591 shares of the energy company’s stock worth $73,000 after acquiring an additional 2,846 shares during the last quarter. GAMMA Investing LLC increased its holdings in Archrock by 16.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,052 shares of the energy company’s stock valued at $82,000 after purchasing an additional 578 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Archrock in the 2nd quarter valued at $101,000. Institutional investors own 95.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AROC. JPMorgan Chase & Co. raised their target price on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday. Royal Bank of Canada raised their price objective on shares of Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Evercore ISI began coverage on shares of Archrock in a research report on Wednesday, September 25th. They set an “outperform” rating and a $24.00 target price on the stock. Mizuho initiated coverage on shares of Archrock in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 price target for the company. Finally, Citigroup assumed coverage on Archrock in a report on Friday, September 27th. They set a “buy” rating and a $24.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.17.

Archrock Trading Up 2.8 %

AROC opened at $25.62 on Monday. The firm has a 50 day simple moving average of $22.00 and a 200 day simple moving average of $20.70. Archrock, Inc. has a fifty-two week low of $14.14 and a fifty-two week high of $26.36. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 28.15 and a beta of 1.52. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82.

Archrock (NYSE:AROC) last issued its earnings results on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The company had revenue of $292.16 million during the quarter, compared to analysts’ expectations of $286.19 million. During the same quarter in the previous year, the company posted $0.20 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were given a dividend of $0.175 per share. This is a positive change from Archrock’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Wednesday, November 6th. Archrock’s payout ratio is presently 76.92%.

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.