Captrust Financial Advisors Invests $293,000 in Archrock, Inc. (NYSE:AROC)

Captrust Financial Advisors acquired a new stake in shares of Archrock, Inc. (NYSE:AROC) during the third quarter, Holdings Channel.com reports. The fund acquired 14,495 shares of the energy company’s stock, valued at approximately $293,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AROC. Kayne Anderson Capital Advisors LP raised its stake in shares of Archrock by 1,680.2% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company’s stock worth $30,976,000 after purchasing an additional 1,444,471 shares in the last quarter. Eagle Asset Management Inc. bought a new position in Archrock during the third quarter valued at approximately $22,108,000. Millennium Management LLC lifted its stake in Archrock by 60.3% in the second quarter. Millennium Management LLC now owns 2,343,652 shares of the energy company’s stock valued at $47,389,000 after acquiring an additional 882,024 shares during the last quarter. American Century Companies Inc. grew its position in Archrock by 20.5% in the second quarter. American Century Companies Inc. now owns 3,958,281 shares of the energy company’s stock worth $80,036,000 after acquiring an additional 672,663 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Archrock by 309.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 528,272 shares of the energy company’s stock worth $10,682,000 after purchasing an additional 399,336 shares during the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Price Performance

NYSE AROC opened at $25.99 on Friday. The stock has a 50-day simple moving average of $23.00 and a 200 day simple moving average of $21.09. Archrock, Inc. has a twelve month low of $14.39 and a twelve month high of $27.05. The stock has a market capitalization of $4.55 billion, a PE ratio of 28.56 and a beta of 1.59. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26.

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

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, November 6th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 2.69%. This is a positive change from Archrock’s previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, November 6th. Archrock’s dividend payout ratio (DPR) is currently 76.92%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Evercore ISI initiated coverage on Archrock in a research note on Wednesday, September 25th. They set an “outperform” rating and a $24.00 price target for the company. JPMorgan Chase & Co. increased their price objective on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Mizuho initiated coverage on Archrock in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 target price for the company. Finally, Citigroup began coverage on Archrock in a report on Friday, September 27th. They set a “buy” rating and a $24.00 price target 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.17.

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.