Benjamin Edwards Inc. Takes $434,000 Position in Archrock, Inc. (NYSE:AROC)

Benjamin Edwards Inc. acquired a new position in Archrock, Inc. (NYSE:AROC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,449 shares of the energy company's stock, valued at approximately $434,000.

Other institutional investors also recently modified their holdings of the company. Wolverine Asset Management LLC grew its position in shares of Archrock by 111.8% in the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock valued at $37,000 after buying an additional 14,200 shares during the last quarter. Montag A & Associates Inc. acquired a new position in shares of Archrock in the fourth quarter worth approximately $55,000. R Squared Ltd bought a new stake in Archrock in the fourth quarter valued at approximately $76,000. Hantz Financial Services Inc. acquired a new stake in Archrock during the 4th quarter valued at approximately $107,000. Finally, Covestor Ltd raised its holdings in Archrock by 580.6% during the 4th quarter. Covestor Ltd now owns 4,485 shares of the energy company's stock worth $111,000 after purchasing an additional 3,826 shares during the last quarter. Institutional investors own 95.45% of the company's stock.

Archrock Price Performance

Shares of AROC opened at $24.70 on Friday. The business's fifty day moving average is $24.36 and its 200 day moving average is $25.24. Archrock, Inc. has a 12-month low of $17.27 and a 12-month high of $30.44. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The stock has a market cap of $4.33 billion, a P/E ratio of 27.14, a P/E/G ratio of 1.60 and a beta of 1.19.

Archrock (NYSE:AROC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The energy company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The firm had revenue of $347.16 million during the quarter, compared to analyst estimates of $342.98 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. Sell-side analysts anticipate that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock declared that its board has authorized a stock buyback plan on Monday, May 5th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the energy company to reacquire up to 1.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Archrock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.76 dividend on an annualized basis and a yield of 3.08%. Archrock's dividend payout ratio (DPR) is presently 64.41%.

Analysts Set New Price Targets

AROC has been the subject of several recent analyst reports. Sidoti upgraded shares of Archrock to a "hold" rating in a research report on Wednesday. Citigroup lifted their price objective on Archrock from $32.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $26.67.

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.

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