Deutsche Bank AG Grows Stock Position in Archrock, Inc. (NYSE:AROC)

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

A number of other large investors have also recently modified their holdings of AROC. Wolverine Asset Management LLC lifted its holdings in Archrock by 111.8% during the fourth quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock worth $37,000 after buying an additional 14,200 shares during the period. Montag A & Associates Inc. purchased a new stake in Archrock during the fourth quarter worth $55,000. R Squared Ltd purchased a new stake in Archrock during the fourth quarter worth $76,000. Hantz Financial Services Inc. purchased a new stake in Archrock during the fourth quarter worth $107,000. Finally, Covestor Ltd lifted its holdings in Archrock by 580.6% during the fourth quarter. Covestor Ltd now owns 4,485 shares of the energy company's stock worth $111,000 after buying an additional 3,826 shares during the period. Hedge funds and other institutional investors own 95.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AROC. Sidoti upgraded Archrock to a "hold" rating in a report on Wednesday, May 7th. Citigroup increased their price objective on Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Archrock has an average rating of "Moderate Buy" and a consensus target price of $26.67.

Insider Activity

In other news, SVP Jason Ingersoll sold 42,036 shares of the 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 directly owns 275,911 shares of the company's stock, valued at approximately $6,757,060.39. This represents a 13.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.60% of the company's stock.

Archrock Stock Performance

NYSE:AROC traded down $0.76 during trading hours on Wednesday, hitting $24.62. 948,424 shares of the company were exchanged, compared to its average volume of 1,446,143. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 1.60 and a beta of 1.19. Archrock, Inc. has a 52-week low of $17.27 and a 52-week high of $30.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The company's 50 day moving average price is $24.56 and its 200-day moving average price is $25.49.

Archrock (NYSE:AROC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The energy company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. The business 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%. As a group, research analysts forecast that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Tuesday, May 6th. Archrock's dividend payout ratio is presently 64.41%.

Archrock declared that its Board of Directors has authorized a share repurchase plan on Monday, May 5th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the energy company to repurchase up to 1.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

About Archrock

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.