Deutsche Bank AG Purchases 57,873 Shares of Archrock, Inc. (NYSE:AROC)

Deutsche Bank AG increased its position in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 33.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 233,220 shares of the energy company's stock after buying an additional 57,873 shares during the period. Deutsche Bank AG owned 0.13% of Archrock worth $5,805,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in AROC. Raymond James Financial Inc. purchased a new stake in Archrock during the 4th quarter valued at about $36,241,000. Invesco Ltd. increased its position in shares of Archrock by 12.8% during the fourth quarter. Invesco Ltd. now owns 8,883,949 shares of the energy company's stock valued at $221,121,000 after acquiring an additional 1,008,438 shares during the last quarter. Clearbridge Investments LLC purchased a new position in shares of Archrock in the fourth quarter valued at approximately $17,247,000. JPMorgan Chase & Co. lifted its stake in Archrock by 135.1% in the fourth quarter. JPMorgan Chase & Co. now owns 993,063 shares of the energy company's stock worth $24,717,000 after acquiring an additional 570,680 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in Archrock by 1,585,722.9% in the fourth quarter. Federated Hermes Inc. now owns 555,038 shares of the energy company's stock worth $13,815,000 after acquiring an additional 555,003 shares during the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Trading Up 1.3%

Shares of NYSE AROC traded up $0.32 on Friday, reaching $24.80. 931,342 shares of the company traded hands, compared to its average volume of 1,437,244. Archrock, Inc. has a fifty-two week low of $17.27 and a fifty-two week high of $30.44. The company has a 50 day moving average of $24.52 and a 200 day moving average of $25.57. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $4.38 billion, a PE ratio of 27.25, a P/E/G ratio of 1.60 and a beta of 1.19.

Archrock (NYSE:AROC - Get Free Report) last posted its earnings results on Monday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. The firm had revenue of $347.16 million during the quarter, compared to the consensus estimate of $342.98 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. On average, equities research analysts forecast 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 allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the energy company to reacquire up to 1.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Archrock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Tuesday, May 6th. Archrock's dividend payout ratio is presently 64.41%.

Insider Activity

In related news, SVP Jason Ingersoll sold 42,036 shares of Archrock stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $24.49, for a total value of $1,029,461.64. Following the transaction, the senior vice president now owns 275,911 shares of the company's stock, valued at approximately $6,757,060.39. This trade represents a 13.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.60% of the company's stock.

Analyst Ratings Changes

AROC has been the topic of a number of research analyst reports. Sidoti raised shares of Archrock to a "hold" rating in a report on Wednesday, May 7th. Citigroup lifted their target price on shares of Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Archrock presently has an average rating of "Moderate Buy" and a consensus target price of $26.67.

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.