Wells Fargo & Company MN boosted its position in Archrock, Inc. (NYSE:AROC – Free Report) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 752,819 shares of the energy company’s stock after purchasing an additional 49,697 shares during the quarter. Wells Fargo & Company MN owned approximately 0.48% of Archrock worth $11,593,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Earnest Partners LLC raised its holdings in Archrock by 2.7% in the third quarter. Earnest Partners LLC now owns 12,552,460 shares of the energy company’s stock worth $158,161,000 after purchasing an additional 327,411 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Archrock by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,624,601 shares of the energy company’s stock valued at $163,620,000 after acquiring an additional 145,397 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Archrock by 16.5% during the third quarter. Sei Investments Co. now owns 3,714,556 shares of the energy company’s stock valued at $46,803,000 after acquiring an additional 527,315 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Archrock by 6.7% during the third quarter. American Century Companies Inc. now owns 2,157,721 shares of the energy company’s stock valued at $27,187,000 after acquiring an additional 135,471 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Archrock by 0.9% during the third quarter. Northern Trust Corp now owns 1,684,101 shares of the energy company’s stock valued at $21,220,000 after acquiring an additional 15,157 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on AROC shares. Stifel Nicolaus upped their price objective on shares of Archrock from $20.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Royal Bank of Canada upped their target price on Archrock from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Finally, StockNews.com upgraded Archrock from a “hold” rating to a “buy” rating in a research report on Wednesday, May 29th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $19.67.
View Our Latest Stock Analysis on Archrock
Archrock Trading Up 2.8 %
Archrock stock opened at $20.24 on Monday. 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 $8.92 and a 12 month high of $21.60. The stock’s 50 day simple moving average is $20.02 and its two-hundred day simple moving average is $17.52. The firm has a market cap of $3.16 billion, a PE ratio of 24.39, a P/E/G ratio of 1.58 and a beta of 1.58.
Archrock (NYSE:AROC – Get Free Report) last announced its earnings results on Wednesday, May 1st. The energy company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Archrock had a return on equity of 15.30% and a net margin of 12.54%. The firm had revenue of $268.49 million for the quarter, compared to analyst estimates of $260.51 million. During the same quarter last year, the firm posted $0.10 EPS. The business’s revenue was up 3.4% on a year-over-year basis. Analysts anticipate that Archrock, Inc. will post 1.07 earnings per share for the current year.
Archrock Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th were given a dividend of $0.165 per share. The ex-dividend date was Monday, May 6th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.26%. Archrock’s dividend payout ratio (DPR) is 79.52%.
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.
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Source: defenseworld.net
