Point72 DIFC Ltd Grows Stock Holdings in Archrock, Inc. (NYSE:AROC)

Point72 DIFC Ltd raised its holdings in shares of Archrock, Inc. (NYSE:AROC) by 562.7% during the second quarter, HoldingsChannel reports. The fund owned 19,677 shares of the energy company’s stock after purchasing an additional 16,708 shares during the quarter. Point72 DIFC Ltd’s holdings in Archrock were worth $398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in AROC. Blackstone Inc. boosted its position in shares of Archrock by 4,211.9% in the fourth quarter. Blackstone Inc. now owns 5,903,142 shares of the energy company’s stock valued at $90,908,000 after acquiring an additional 5,766,237 shares during the period. Sei Investments Co. boosted its holdings in Archrock by 37.7% in the 4th quarter. Sei Investments Co. now owns 5,113,865 shares of the energy company’s stock valued at $78,753,000 after purchasing an additional 1,399,309 shares during the period. Boston Partners purchased a new position in shares of Archrock during the 1st quarter valued at $24,875,000. Norges Bank bought a new position in shares of Archrock in the fourth quarter worth $15,958,000. Finally, Vanguard Group Inc. raised its position in shares of Archrock by 4.9% in the first quarter. Vanguard Group Inc. now owns 18,321,555 shares of the energy company’s stock worth $360,385,000 after buying an additional 849,750 shares in the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on AROC shares. Stifel Nicolaus boosted their target price on Archrock from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price objective on shares of Archrock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. assumed coverage on shares of Archrock in a research report on Friday, September 6th. They set an “overweight” rating and a $24.00 target price for the company. Evercore ISI initiated coverage on shares of Archrock in a report on Wednesday. They issued an “outperform” rating and a $24.00 price target on the stock. Finally, StockNews.com cut shares of Archrock from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Archrock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Archrock Stock Performance

NYSE:AROC opened at $20.16 on Friday. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 24.29 and a beta of 1.51. The business has a 50 day moving average of $19.97 and a 200 day moving average of $19.93. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.53 and a quick ratio of 0.94. Archrock, Inc. has a 1-year low of $11.73 and a 1-year high of $23.44.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Tuesday, July 30th. The energy company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Archrock had a net margin of 13.20% and a return on equity of 16.35%. The firm had revenue of $270.53 million during the quarter, compared to analyst estimates of $270.61 million. On average, sell-side analysts predict that Archrock, Inc. will post 1.07 earnings per share for the current fiscal year.

Archrock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.66 annualized dividend and a yield of 3.27%. Archrock’s payout ratio is 79.52%.

Archrock 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.