GAMMA Investing LLC Has $179,000 Holdings in Archrock, Inc. (NYSE:AROC)

GAMMA Investing LLC increased its stake in shares of Archrock, Inc. (NYSE:AROC) by 36.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,181 shares of the energy company’s stock after acquiring an additional 1,930 shares during the period. GAMMA Investing LLC’s holdings in Archrock were worth $179,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. State Street Corp grew its holdings in Archrock by 11.5% during 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. American Century Companies Inc. grew its stake in Archrock by 20.5% in the 2nd quarter. American Century Companies Inc. now owns 3,958,281 shares of the energy company’s stock valued at $80,036,000 after buying an additional 672,663 shares during the last quarter. Geode Capital Management LLC raised its holdings in Archrock by 16.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company’s stock worth $76,826,000 after acquiring an additional 523,825 shares during the period. Millennium Management LLC lifted its position in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Archrock by 13.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,323,820 shares of the energy company’s stock valued at $47,034,000 after acquiring an additional 274,763 shares during the period. 95.45% of the stock is owned by institutional investors.

Archrock Price Performance

NYSE:AROC opened at $25.33 on Thursday. 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 50-day moving average of $24.41 and a 200-day moving average of $21.80. Archrock, Inc. has a 52 week low of $14.39 and a 52 week high of $27.05. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 27.84 and a beta of 1.58.

Archrock (NYSE:AROC) last announced 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. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The firm had revenue of $292.16 million during the quarter, compared to analysts’ expectations of $286.19 million. During the same quarter last year, the company earned $0.20 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, November 6th were paid a $0.175 dividend. This is a positive change from Archrock’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.70 annualized dividend and a yield of 2.76%. Archrock’s payout ratio is currently 76.92%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AROC shares. JPMorgan Chase & Co. boosted their price objective on Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Evercore ISI initiated coverage on Archrock in a report on Wednesday, September 25th. They set an “outperform” rating and a $24.00 price target for the company. Mizuho assumed coverage on shares of Archrock in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 price objective on the stock. Citigroup assumed coverage on shares of Archrock in a research note on Friday, September 27th. They set a “buy” rating and a $24.00 target price for the company. Finally, Royal Bank of Canada raised their price target on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Archrock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.17.

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.