Goldman Sachs Group Inc. grew its position in Archrock, Inc. (NYSE:AROC – Free Report) by 171.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,332,058 shares of the energy company’s stock after acquiring an additional 841,366 shares during the period. Goldman Sachs Group Inc. owned about 0.80% of Archrock worth $20,514,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the company. Arizona State Retirement System raised its position in shares of Archrock by 3.5% in the fourth quarter. Arizona State Retirement System now owns 41,562 shares of the energy company’s stock worth $640,000 after acquiring an additional 1,408 shares during the period. Yousif Capital Management LLC raised its position in shares of Archrock by 2.3% in the fourth quarter. Yousif Capital Management LLC now owns 69,907 shares of the energy company’s stock worth $1,077,000 after acquiring an additional 1,582 shares during the period. Van ECK Associates Corp raised its position in shares of Archrock by 6.1% in the fourth quarter. Van ECK Associates Corp now owns 28,113 shares of the energy company’s stock worth $433,000 after acquiring an additional 1,624 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Archrock by 10.3% in the third quarter. PNC Financial Services Group Inc. now owns 17,633 shares of the energy company’s stock worth $222,000 after acquiring an additional 1,650 shares during the period. Finally, USA Financial Formulas raised its position in shares of Archrock by 4,483.8% in the fourth quarter. USA Financial Formulas now owns 1,696 shares of the energy company’s stock worth $26,000 after acquiring an additional 1,659 shares during the period. Institutional investors and hedge funds own 95.45% of the company’s stock.
Archrock Stock Up 0.3 %
AROC stock opened at $19.62 on Wednesday. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.48 and a beta of 1.57. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.78. Archrock, Inc. has a 12 month low of $9.57 and a 12 month high of $21.60. The firm has a 50-day moving average of $19.65 and a two-hundred day moving average of $18.08.
Archrock (NYSE:AROC – Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Archrock had a net margin of 12.54% and a return on equity of 15.30%. The company had revenue of $268.49 million during the quarter, compared to the consensus estimate of $260.51 million. During the same quarter in the prior year, the firm earned $0.10 EPS. Archrock’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, analysts forecast that Archrock, Inc. will post 1.07 earnings per share for the current fiscal year.
Archrock Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th were paid a $0.165 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.66 annualized dividend and a dividend yield of 3.36%. Archrock’s dividend payout ratio (DPR) is 79.52%.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on AROC shares. Royal Bank of Canada upped their price target on shares of Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. StockNews.com downgraded shares of Archrock from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Finally, Stifel Nicolaus upped their price target on shares of Archrock from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Archrock currently has an average rating of “Moderate Buy” and an average price target of $19.67.
Read Our Latest Stock Analysis on Archrock
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.
See Also
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Source: defenseworld.net
