33,890 Shares in Archrock, Inc. $AROC Acquired by Maven Securities LTD

Maven Securities LTD bought a new stake in shares of Archrock, Inc. (NYSE:AROC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,890 shares of the energy company’s stock, valued at approximately $892,000.

Several other institutional investors also recently bought and sold shares of the company. Ameriflex Group Inc. purchased a new position in Archrock in the third quarter worth $27,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of Archrock by 164.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock valued at $28,000 after purchasing an additional 673 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Archrock during the 3rd quarter valued at $34,000. Jones Financial Companies Lllp boosted its position in shares of Archrock by 217.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock worth $35,000 after purchasing an additional 902 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Archrock by 49.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,640 shares of the energy company’s stock worth $43,000 after purchasing an additional 546 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Archrock Price Performance

NYSE AROC opened at $36.20 on Wednesday. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.47 and a beta of 0.87. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.54 and a quick ratio of 0.99. The stock’s fifty day moving average price is $31.39 and its 200 day moving average price is $27.22. Archrock, Inc. has a 1 year low of $20.12 and a 1 year high of $37.26.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Tuesday, February 24th. The energy company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.29. The company had revenue of $377.07 million during the quarter, compared to analysts’ expectations of $378.04 million. Archrock had a return on equity of 23.57% and a net margin of 21.63%.The firm’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. As a group, equities research analysts forecast that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Tuesday, February 10th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from Archrock’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, February 10th. Archrock’s dividend payout ratio is presently 48.09%.

Insider Activity at Archrock

In related news, CAO Donna A. Henderson sold 10,413 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $36.74, for a total value of $382,573.62. Following the sale, the chief accounting officer owned 27,757 shares in the company, valued at $1,019,792.18. This represents a 27.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AROC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Archrock in a research report on Wednesday, January 21st. Wall Street Zen downgraded Archrock from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Raymond James Financial restated an “outperform” rating and set a $40.00 price target on shares of Archrock in a research note on Wednesday, February 25th. Zacks Research upgraded shares of Archrock from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Finally, Dawson James reaffirmed an “outperform” rating on shares of Archrock in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $38.14.

About Archrock

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.