Cubist Systematic Strategies LLC Takes $3.67 Million Position in Archrock, Inc. $AROC

Key Points

• Cubist Systematic Strategies LLC has made a new investment of approximately $3.67 million in Archrock, acquiring 139,760 shares in the first quarter.
• Archrock recently declared an increase in its quarterly dividend to $0.21 per share, resulting in an annualized yield of 3.3%.
• Several analysts have given Archrock a consensus rating of "Moderate Buy" with a target price averaging around $30.00.

Cubist Systematic Strategies LLC purchased a new position in shares of Archrock, Inc. (NYSE:AROC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 139,760 shares of the energy company's stock, valued at approximately $3,667,000. Cubist Systematic Strategies LLC owned 0.08% of Archrock at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AROC. Northern Trust Corp increased its holdings in shares of Archrock by 20.2% in the 4th quarter. Northern Trust Corp now owns 2,241,032 shares of the energy company's stock valued at $55,779,000 after acquiring an additional 376,564 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Archrock by 3.6% in the 4th quarter. Ameriprise Financial Inc. now owns 524,824 shares of the energy company's stock valued at $13,063,000 after acquiring an additional 18,467 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in shares of Archrock in the 4th quarter valued at about $434,000. Balyasny Asset Management L.P. purchased a new position in shares of Archrock in the 4th quarter valued at about $1,035,000. Finally, Captrust Financial Advisors increased its holdings in shares of Archrock by 11.0% in the 4th quarter. Captrust Financial Advisors now owns 16,096 shares of the energy company's stock valued at $401,000 after acquiring an additional 1,601 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company's stock.

Archrock Stock Performance

Archrock stock traded down $0.21 during mid-day trading on Tuesday, reaching $24.03. 1,231,192 shares of the company were exchanged, compared to its average volume of 1,424,870. Archrock, Inc. has a twelve month low of $18.38 and a twelve month high of $30.44. The firm's 50-day simple moving average is $23.84 and its two-hundred day simple moving average is $24.46. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.30 and a current ratio of 1.81. The firm has a market cap of $4.22 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.30 and a beta of 1.14.

Archrock (NYSE:AROC - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The energy company reported $0.39 earnings per share 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 company had revenue of $383.15 million during the quarter, compared to analysts' expectations of $366.34 million. During the same period last year, the firm earned $0.23 EPS. The firm's revenue for the quarter was up 41.6% on a year-over-year basis. Equities analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, August 5th. This is a positive change from Archrock's previous quarterly dividend of $0.19. Archrock's payout ratio is 63.64%.

Wall Street Analyst Weigh In

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

Insider Activity at Archrock

In other news, SVP Eric W. Thode sold 10,000 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president directly owned 224,809 shares of the company's stock, valued at $5,292,003.86. This trade represents a 4.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is owned by corporate insiders.

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.