Fox Run Management L.L.C. Buys Shares of 13,254 Archrock, Inc. $AROC

Key Points

• Fox Run Management L.L.C. acquired 13,254 shares of Archrock, Inc. valued at approximately $348,000 during the first quarter.
• Archrock recently announced a dividend increase to $0.21 per share, representing an annual yield of 3.5%.
• The company reported a 41.6% year-over-year increase in revenue, with earnings per share of $0.39 for the last quarter, surpassing expectations.

Fox Run Management L.L.C. acquired a new position in Archrock, Inc. (NYSE:AROC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 13,254 shares of the energy company's stock, valued at approximately $348,000.

Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of Archrock by 164.8% in the first quarter. Farther Finance Advisors LLC now owns 964 shares of the energy company's stock worth $26,000 after acquiring an additional 600 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Archrock in the first quarter worth approximately $33,000. TCTC Holdings LLC increased its position in shares of Archrock by 119.6% in the first quarter. TCTC Holdings LLC now owns 1,599 shares of the energy company's stock worth $42,000 after acquiring an additional 871 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of Archrock in the first quarter worth approximately $47,000. Finally, Financial Network Wealth Advisors LLC purchased a new position in shares of Archrock in the first quarter worth approximately $88,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Stock Up 1.0%

Shares of AROC stock traded up $0.2550 during trading on Friday, hitting $25.2150. 1,816,279 shares of the company were exchanged, compared to its average volume of 1,590,557. 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 capitalization of $4.43 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 1.30 and a beta of 1.10. The business's 50-day simple moving average is $23.87 and its 200 day simple moving average is $24.72. Archrock, Inc. has a twelve month low of $18.38 and a twelve month high of $30.44.

Archrock (NYSE:AROC - Get Free Report) last posted its earnings results on Monday, August 4th. The energy company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The firm had revenue of $383.15 million during the quarter, compared to analysts' expectations of $366.34 million. Archrock had a net margin of 17.17% and a return on equity of 18.74%. The company's revenue was up 41.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 earnings per share. As a group, analysts forecast that Archrock, Inc. will post 1.09 EPS for the current fiscal year.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. This is a boost from Archrock's previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, August 5th. Archrock's dividend payout ratio is presently 63.64%.

Archrock announced that its board has initiated a share buyback plan on Monday, May 5th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the energy company to purchase up to 1.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AROC shares. Sidoti raised shares of Archrock to a "hold" rating in a research report on Wednesday, May 7th. Evercore ISI decreased their price target on shares of Archrock from $32.00 to $31.00 and set an "outperform" rating for the company in a report on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $28.40.

Insider Transactions at Archrock

In other Archrock news, SVP Eric W. Thode sold 10,000 shares of Archrock stock in a transaction that occurred on Tuesday, August 12th. The shares were 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 in the company, valued at $5,292,003.86. The trade was a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by company 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.