Deutsche Bank AG Takes Position in Archrock, Inc. $AROC

Key Points

• Deutsche Bank initiated a position in Archrock, purchasing 191,424 shares valued at approximately $7.8 million, while institutional investors collectively own 95.45% of the company.
• Analysts maintain a positive outlook, with nine Buy ratings and one Hold rating. Archrock has a consensus “Moderate Buy” rating and an average price target of $42.29.
• Archrock increased its quarterly dividend to $0.23 per share, or $0.92 annually, representing a 2.9% yield. However, the company’s latest quarterly earnings and revenue missed analyst expectations.

Deutsche Bank AG purchased a new position in shares of Archrock, Inc. (NYSE:AROC - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 191,424 shares of the energy company's stock, valued at approximately $7,793,000. Deutsche Bank AG owned 0.11% of Archrock as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in Archrock by 0.7% in the 1st quarter. Royal Bank of Canada now owns 95,866 shares of the energy company's stock valued at $2,514,000 after purchasing an additional 667 shares in the last quarter. Jones Financial Companies Lllp increased its position in Archrock by 217.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company's stock worth $35,000 after purchasing an additional 902 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Archrock by 482.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,699 shares of the energy company's stock worth $67,000 after buying an additional 2,236 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Archrock by 24.6% during the 2nd quarter. First Trust Advisors LP now owns 279,100 shares of the energy company's stock worth $6,930,000 after buying an additional 55,059 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Archrock by 19.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 9,700 shares of the energy company's stock valued at $241,000 after buying an additional 1,600 shares during the period. 95.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AROC has been the topic of a number of analyst reports. Stifel Nicolaus set a $41.00 price target on Archrock in a research note on Thursday, May 7th. Mizuho increased their price objective on Archrock from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 3rd. Raymond James Financial reissued an "outperform" rating and issued a $46.00 target price on shares of Archrock in a report on Thursday, May 7th. Wells Fargo & Company decreased their target price on shares of Archrock from $43.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Finally, Evercore set a $40.00 price target on shares of Archrock in a research note on Monday, August 17th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.29.

Archrock Price Performance

Shares of NYSE:AROC opened at $31.78 on Monday. The business's 50 day simple moving average is $36.43 and its 200-day simple moving average is $35.79. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 1.47 and a beta of 0.86. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.39 and a quick ratio of 0.94. Archrock, Inc. has a 12 month low of $22.88 and a 12 month high of $42.23.

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

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Tuesday, August 4th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, August 4th. This is a positive change from Archrock's previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.9%. Archrock's dividend payout ratio (DPR) is presently 49.46%.

Archrock Company 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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