Archrock, Inc. (NYSE:AROC) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its holdings in Archrock, Inc. (NYSE:AROC) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,509 shares of the energy company’s stock after purchasing an additional 7,359 shares during the period. HighTower Advisors LLC owned 0.08% of Archrock worth $2,675,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AROC. Wealth Enhancement Advisory Services LLC increased its stake in shares of Archrock by 6.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,373 shares of the energy company’s stock valued at $230,000 after acquiring an additional 713 shares during the last quarter. Atria Investments Inc grew 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 purchasing an additional 746 shares during the period. Van ECK Associates Corp increased its position in Archrock by 2.2% during the second quarter. Van ECK Associates Corp now owns 35,280 shares of the energy company’s stock worth $713,000 after purchasing an additional 753 shares during the last quarter. Arizona State Retirement System raised its stake in Archrock by 2.0% during the second quarter. Arizona State Retirement System now owns 41,565 shares of the energy company’s stock worth $840,000 after purchasing an additional 821 shares during the period. Finally, Glenmede Trust Co. NA boosted its holdings in shares of Archrock by 2.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 31,485 shares of the energy company’s stock valued at $637,000 after purchasing an additional 838 shares during the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Archrock Stock Performance

Shares of NYSE:AROC opened at $26.00 on Friday. The business’s 50-day simple moving average is $23.00 and its 200 day simple moving average is $21.08. The company has a market cap of $4.55 billion, a P/E ratio of 28.57 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, Inc. has a one year low of $14.39 and a one year high of $27.05.

Archrock (NYSE:AROC) last posted 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 for the quarter, compared to analyst estimates of $286.19 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share. On average, sell-side analysts forecast that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The company 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. The ex-dividend date was Wednesday, November 6th. This represents a $0.70 dividend on an annualized basis and a yield of 2.69%. This is a positive change from Archrock’s previous quarterly dividend of $0.17. Archrock’s payout ratio is currently 76.92%.

Analyst Ratings Changes

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

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.