Diversified Trust Co. Invests $776,000 in Archrock, Inc. $AROC

Key Points

• Diversified Trust Co. opened a new position in Archrock in Q4, buying 29,837 shares valued at about $776,000, and institutional investors now hold roughly 95.45% of the company's stock.
• Archrock beat quarterly EPS expectations ($0.69 vs. $0.40) with revenue up 15.5% year-over-year, prompting several analysts to raise price targets and a consensus Buy rating (average target $38.14).
• CAO Donna A. Henderson sold 10,413 shares (a 27.28% reduction in her holding), while Archrock recently raised its quarterly dividend to $0.22 (annualized $0.88, ~2.5% yield).

Diversified Trust Co. acquired a new position in Archrock, Inc. (NYSE:AROC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,837 shares of the energy company's stock, valued at approximately $776,000.

Other hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. bought a new position in shares of Archrock in the third quarter worth about $27,000. Wilmington Savings Fund Society FSB boosted its stake in Archrock by 164.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company's stock worth $28,000 after buying an additional 673 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Archrock by 217.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company's stock valued at $35,000 after acquiring an additional 902 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Archrock in the 3rd quarter valued at approximately $34,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Archrock by 49.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,640 shares of the energy company's stock worth $43,000 after buying an additional 546 shares during the period. Institutional investors and hedge funds own 95.45% of the company's stock.

Insider Buying and Selling at Archrock

In other news, CAO Donna A. Henderson sold 10,413 shares of the business's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $36.74, for a total transaction of $382,573.62. Following the transaction, the chief accounting officer directly owned 27,757 shares in the company, valued at $1,019,792.18. The trade was a 27.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is owned by corporate insiders.

Archrock Stock Performance

Shares of AROC opened at $35.53 on Friday. Archrock, Inc. has a twelve month low of $20.12 and a twelve month high of $37.72. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 1.54. The firm's 50 day moving average price is $33.03 and its two-hundred day moving average price is $27.81. The firm has a market cap of $6.23 billion, a P/E ratio of 19.41, a PEG ratio of 1.48 and a beta of 0.87.

Archrock (NYSE:AROC - Get Free Report) last released its earnings results on Wednesday, February 25th. The energy company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.40 by $0.29. Archrock had a return on equity of 23.57% and a net margin of 21.63%.The firm had revenue of $377.07 million for the quarter, compared to analysts' expectations of $378.04 million. During the same quarter in the previous year, the business posted $0.34 EPS. The business's quarterly revenue was up 15.5% compared to the same quarter last year. On average, analysts forecast that Archrock, Inc. will post 1.09 EPS for the current fiscal year.

Archrock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Tuesday, February 10th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.5%. This is an increase from Archrock's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, February 10th. Archrock's payout ratio is currently 48.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Dawson James reiterated an "outperform" rating on shares of Archrock in a research report on Wednesday, February 25th. Citigroup increased their price target on shares of Archrock from $31.00 to $40.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Wells Fargo & Company upped their price target on Archrock from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, March 13th. Zacks Research raised shares of Archrock from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Archrock in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $38.14.

About Archrock

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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