Algert Global LLC Purchases 103,890 Shares of Archrock, Inc. $AROC

Key Points

• Algert Global increased its Archrock stake by 85.8% in the second quarter, purchasing 103,890 shares to hold 225,040 shares valued at approximately $9.16 million. Institutional investors collectively own 95.45% of AROC.
• Archrock’s latest quarter fell short of expectations, with EPS of $0.38 versus the $0.45 consensus and revenue of $371.24 million versus $393.19 million expected. Revenue declined 3.1% year over year.
• The company raised its quarterly dividend to $0.23 per share, equivalent to a 3.0% annualized yield. Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $42.29.

Algert Global LLC raised its position in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 85.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,040 shares of the energy company's stock after buying an additional 103,890 shares during the quarter. Algert Global LLC owned about 0.13% of Archrock worth $9,161,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AROC. Nations Financial Group Inc. IA ADV grew its stake in shares of Archrock by 1.7% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 18,744 shares of the energy company's stock worth $652,000 after buying an additional 311 shares in the last quarter. Financial Security Advisor Inc. lifted its holdings in shares of Archrock by 3.0% in the 4th quarter. Financial Security Advisor Inc. now owns 12,000 shares of the energy company's stock valued at $312,000 after acquiring an additional 344 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Archrock by 3.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 10,290 shares of the energy company's stock valued at $268,000 after acquiring an additional 366 shares during the last quarter. Severin Investments LLC grew its position in Archrock by 2.0% in the fourth quarter. Severin Investments LLC now owns 20,111 shares of the energy company's stock worth $523,000 after acquiring an additional 400 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its position in Archrock by 3.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 12,833 shares of the energy company's stock worth $334,000 after acquiring an additional 442 shares in the last quarter. Institutional investors own 95.45% of the company's stock.

Archrock Stock Performance

Shares of Archrock stock opened at $30.72 on Wednesday. The stock's fifty day moving average is $36.22 and its two-hundred day moving average is $35.80. The company has a market capitalization of $5.39 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.42 and a beta of 0.86. The company has a quick ratio of 0.94, a current ratio of 1.39 and a debt-to-equity ratio of 1.51. Archrock, Inc. has a 52 week low of $22.88 and a 52 week high of $42.23.

Archrock (NYSE:AROC - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). Archrock had a net margin of 21.84% and a return on equity of 22.22%. The company had revenue of $371.24 million during the quarter, compared to analysts' expectations of $393.19 million. During the same period last year, the firm earned $0.39 earnings per share. Archrock's quarterly revenue was down 3.1% on a year-over-year basis. As a group, analysts expect that Archrock, Inc. will post 1.81 earnings per share for the current year.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, August 4th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.0%. This is a boost from Archrock's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, August 4th. Archrock's dividend payout ratio is 49.46%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AROC shares. Weiss Ratings downgraded Archrock from a "buy (a-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Mizuho lifted their target price on Archrock from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, June 3rd. Citigroup boosted their target price on Archrock from $40.00 to $43.00 and gave the company a "buy" rating in a research report on Wednesday, May 13th. Royal Bank Of Canada increased their price target on Archrock from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Monday, August 17th. Finally, Stifel Nicolaus set a $41.00 price target on Archrock in a research report on Thursday, May 7th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Archrock presently has an average rating of "Moderate Buy" and a consensus target price of $42.29.

Archrock 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.

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