Yousif Capital Management LLC Boosts Holdings in Archrock, Inc. (NYSE:AROC)

Yousif Capital Management LLC boosted its position in Archrock, Inc. (NYSE:AROC) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 66,087 shares of the energy company’s stock after buying an additional 1,047 shares during the period. Yousif Capital Management LLC’s holdings in Archrock were worth $1,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its position in Archrock by 0.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company’s stock valued at $1,025,000 after buying an additional 427 shares during the last quarter. Atria Investments Inc lifted its holdings in Archrock by 2.3% in the third quarter. Atria Investments Inc now owns 32,648 shares of the energy company’s stock valued at $661,000 after acquiring an additional 746 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in Archrock by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 48,091 shares of the energy company’s stock valued at $1,197,000 after acquiring an additional 796 shares during the period. Glenmede Trust Co. NA lifted its holdings in Archrock by 2.7% in the third quarter. Glenmede Trust Co. NA now owns 31,485 shares of the energy company’s stock valued at $637,000 after acquiring an additional 838 shares during the period. Finally, KBC Group NV lifted its holdings in Archrock by 23.6% in the third quarter. KBC Group NV now owns 5,324 shares of the energy company’s stock valued at $108,000 after acquiring an additional 1,016 shares during the period. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their target price on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Royal Bank of Canada raised their target price on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.17.

Archrock Stock Down 3.0 %

Shares of NYSE:AROC opened at $27.28 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. Archrock, Inc. has a 52-week low of $16.05 and a 52-week high of $30.44. The company has a 50 day moving average of $26.88 and a two-hundred day moving average of $23.10. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 1.70 and a beta of 1.57.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $292.16 million for 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 firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the business posted $0.20 earnings per share. As a group, analysts forecast that Archrock, Inc. will post 1.12 earnings per share for the current fiscal year.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.79%. This is a boost from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, February 12th. Archrock’s dividend payout ratio (DPR) is presently 76.92%.

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.