25,362 Shares in Archrock, Inc. $AROC Bought by First Hawaiian Bank

Key Points

• First Hawaiian Bank acquired 25,362 shares of Archrock, Inc. ($AROC) during Q1, valued at approximately $665,000, reflecting growing institutional interest in the energy company's stock.
• Archrock recently reported an EPS of $0.39, surpassing analysts' expectations, with revenue increasing by 41.6% year-over-year to $383.15 million.
• The company announced a dividend increase to $0.21 per share, with a current dividend yield of 3.4%, up from the previous $0.19 per share payout.

First Hawaiian Bank purchased a new stake in Archrock, Inc. (NYSE:AROC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,362 shares of the energy company's stock, valued at approximately $665,000.

A number of other institutional investors have also modified their holdings of AROC. Ameriprise Financial Inc. increased its holdings in shares of Archrock by 3.6% during the 4th quarter. Ameriprise Financial Inc. now owns 524,824 shares of the energy company's stock valued at $13,063,000 after purchasing an additional 18,467 shares in the last quarter. Captrust Financial Advisors increased its holdings in Archrock by 11.0% in the fourth quarter. Captrust Financial Advisors now owns 16,096 shares of the energy company's stock valued at $401,000 after buying an additional 1,601 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Archrock by 33.0% during the 4th quarter. Deutsche Bank AG now owns 233,220 shares of the energy company's stock worth $5,805,000 after acquiring an additional 57,873 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of Archrock during the 4th quarter worth about $209,000. Finally, Millennium Management LLC grew its position in shares of Archrock by 186.0% during the 4th quarter. Millennium Management LLC now owns 1,047,346 shares of the energy company's stock valued at $26,068,000 after acquiring an additional 681,160 shares during the period. Hedge funds and other institutional investors own 95.45% of the company's stock.

Archrock Stock Performance

NYSE AROC opened at $24.41 on Monday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.81 and a quick ratio of 1.30. The company has a market cap of $4.29 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.26 and a beta of 1.14. The stock has a 50-day moving average of $23.83 and a two-hundred day moving average of $24.41. Archrock, Inc. has a 1-year low of $19.23 and a 1-year high of $30.44.

Archrock (NYSE:AROC - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The energy company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. Archrock had a return on equity of 18.74% and a net margin of 17.17%.The business had revenue of $383.15 million during the quarter, compared to the consensus estimate of $366.34 million. During the same period in the previous year, the company posted $0.23 earnings per share. The business's revenue for the quarter was up 41.6% on a year-over-year basis. As a group, analysts anticipate that Archrock, Inc. will post 1.09 EPS for the current year.

Archrock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. This is a positive change from Archrock's previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, August 5th. Archrock's dividend payout ratio (DPR) is presently 63.64%.

Analyst Ratings Changes

Several research firms have issued reports on AROC. Evercore ISI decreased their price objective on shares of Archrock from $32.00 to $31.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. Wells Fargo & Company assumed coverage on shares of Archrock in a research note on Wednesday, September 3rd. They issued an "overweight" rating and a $30.00 price target on the stock. Finally, Mizuho boosted their price objective on Archrock from $31.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.00.

Insider Transactions at Archrock

In other Archrock news, SVP Eric W. Thode sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $23.54, for a total value of $235,400.00. Following the completion of the transaction, the senior vice president owned 224,809 shares in the company, valued at approximately $5,292,003.86. This represents a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.60% of the stock is owned by corporate insiders.

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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