Archrock, Inc. $AROC Stock Holdings Boosted by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lifted its position in Archrock, Inc. (NYSE:AROC) by 4.0% during the third quarter, Holdings Channel reports. The institutional investor owned 649,481 shares of the energy company’s stock after buying an additional 25,184 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Archrock were worth $17,088,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. grew its holdings in Archrock by 3.3% during the third quarter. American Century Companies Inc. now owns 6,077,999 shares of the energy company’s stock worth $159,912,000 after acquiring an additional 191,914 shares during the period. Allianz Asset Management GmbH lifted its holdings in Archrock by 19.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 264,991 shares of the energy company’s stock valued at $6,972,000 after acquiring an additional 43,872 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Archrock by 55.1% during the 2nd quarter. Hsbc Holdings PLC now owns 121,089 shares of the energy company’s stock valued at $3,049,000 after purchasing an additional 43,023 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Archrock by 78.7% in the 2nd quarter. Franklin Resources Inc. now owns 1,237,956 shares of the energy company’s stock worth $30,738,000 after purchasing an additional 545,336 shares during the last quarter. Finally, Bernzott Capital Advisors grew its stake in shares of Archrock by 62.3% in the 3rd quarter. Bernzott Capital Advisors now owns 291,534 shares of the energy company’s stock worth $7,670,000 after purchasing an additional 111,908 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Stock Performance

Shares of AROC stock opened at $35.50 on Friday. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 1.51 and a beta of 0.87. Archrock, Inc. has a 1-year low of $20.12 and a 1-year high of $37.26. The company has a current ratio of 1.54, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. The stock’s fifty day simple moving average is $31.99 and its 200-day simple moving average is $27.41.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Tuesday, February 24th. The energy company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.29. Archrock had a return on equity of 23.57% and a net margin of 21.63%.The firm had revenue of $377.07 million during the quarter, compared to analyst estimates of $378.04 million. During the same period last year, the company posted $0.34 EPS. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, sell-side analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The business also recently declared 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 is an increase from Archrock’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, February 10th. Archrock’s dividend payout ratio is 48.09%.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several analysts recently commented on AROC shares. Raymond James Financial reissued an “outperform” rating and set a $40.00 target price on shares of Archrock in a research note on Wednesday, February 25th. Royal Bank Of Canada upped their target price on Archrock from $32.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Citigroup increased their price target on Archrock from $31.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen downgraded Archrock from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Zacks Research raised shares of Archrock from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $38.14.

Archrock Company Profile

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.