17,613 Shares in Archrock, Inc. (NYSE:AROC) Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in shares of Archrock, Inc. (NYSE:AROC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,613 shares of the energy company's stock, valued at approximately $462,000.

Several other large investors have also recently bought and sold shares of the business. Earnest Partners LLC grew its holdings in shares of Archrock by 0.4% during the 4th quarter. Earnest Partners LLC now owns 13,074,904 shares of the energy company's stock valued at $325,434,000 after acquiring an additional 47,563 shares in the last quarter. Invesco Ltd. grew its stake in Archrock by 12.8% in the fourth quarter. Invesco Ltd. now owns 8,883,949 shares of the energy company's stock valued at $221,121,000 after purchasing an additional 1,008,438 shares in the last quarter. Geode Capital Management LLC increased its position in Archrock by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 3,873,691 shares of the energy company's stock worth $96,439,000 after purchasing an additional 78,710 shares during the last quarter. Northern Trust Corp increased its position in Archrock by 20.2% in the 4th quarter. Northern Trust Corp now owns 2,241,032 shares of the energy company's stock worth $55,779,000 after purchasing an additional 376,564 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Archrock by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,957,444 shares of the energy company's stock worth $48,721,000 after purchasing an additional 75,684 shares in the last quarter. 95.45% of the stock is owned by institutional investors and hedge funds.

Archrock Stock Up 1.7%

Shares of NYSE AROC traded up $0.38 during mid-day trading on Friday, reaching $23.22. 1,240,129 shares of the company traded hands, compared to its average volume of 1,690,229. The company's fifty day moving average is $24.10 and its two-hundred day moving average is $25.03. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.96 and a current ratio of 1.81. Archrock, Inc. has a fifty-two week low of $18.38 and a fifty-two week high of $30.44. The stock has a market cap of $4.08 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 1.20 and a beta of 1.10.

Archrock (NYSE:AROC - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The energy company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. Archrock had a net margin of 17.17% and a return on equity of 18.74%. The company had revenue of $383.15 million for the quarter, compared to analyst estimates of $366.34 million. During the same quarter last year, the firm posted $0.23 earnings per share. The company's quarterly revenue was up 41.6% compared to the same quarter last year. On average, analysts expect that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock declared that its board has approved a share repurchase program on Monday, May 5th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the energy company to purchase up to 1.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. This is a positive change from Archrock's previous quarterly dividend of $0.19. Archrock's dividend payout ratio (DPR) is presently 63.64%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AROC shares. Evercore ISI lowered their price target on Archrock from $32.00 to $31.00 and set an "outperform" rating for the company in a research note on Wednesday. Sidoti raised shares of Archrock to a "hold" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $28.40.

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.