11,326 Shares in Archrock, Inc. (NYSE:AROC) Acquired by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Archrock, Inc. (NYSE:AROC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,326 shares of the energy company’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AROC. Kayne Anderson Capital Advisors LP boosted its position in shares of Archrock by 1,680.2% during the third quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company’s stock worth $30,976,000 after buying an additional 1,444,471 shares during the period. Eagle Asset Management Inc. acquired a new position in Archrock during the 3rd quarter worth approximately $22,108,000. Millennium Management LLC grew its stake in shares of Archrock by 60.3% during the 2nd quarter. Millennium Management LLC now owns 2,343,652 shares of the energy company’s stock worth $47,389,000 after acquiring an additional 882,024 shares in the last quarter. State Street Corp raised its holdings in shares of Archrock by 11.5% in the third quarter. State Street Corp now owns 6,836,745 shares of the energy company’s stock valued at $138,376,000 after purchasing an additional 707,379 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of 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 purchasing an additional 672,663 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Trading Up 1.1 %

Shares of NYSE:AROC opened at $24.03 on Friday. Archrock, Inc. has a 52-week low of $14.39 and a 52-week high of $27.05. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The company has a market capitalization of $4.21 billion, a P/E ratio of 26.41 and a beta of 1.59. The company has a 50-day simple moving average of $23.29 and a 200 day simple moving average of $21.22.

Archrock (NYSE:AROC) last released its quarterly earnings data on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $292.16 million during the quarter, compared to analysts’ expectations of $286.19 million. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The business’s revenue was up 15.3% on a year-over-year basis. During the same period last year, the firm posted $0.20 earnings per share. Sell-side analysts forecast that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, November 6th were issued a $0.175 dividend. This is an increase from Archrock’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Wednesday, November 6th. Archrock’s payout ratio is currently 76.92%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AROC. Mizuho initiated coverage on shares of Archrock in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 target price for the company. Evercore ISI began coverage on Archrock in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 target price on the stock. Royal Bank of Canada increased their price target on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Citigroup initiated coverage on Archrock in a research note on Friday, September 27th. They issued a “buy” rating and a $24.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price objective on Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Archrock presently has an average rating of “Moderate Buy” and an average price target 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.