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

A number of other hedge funds have also recently bought and sold shares of AROC. Earnest Partners LLC increased its holdings in shares of Archrock by 0.4% during the 4th quarter. Earnest Partners LLC now owns 13,074,904 shares of the energy company's stock worth $325,434,000 after purchasing an additional 47,563 shares during the period. Invesco Ltd. increased its stake in Archrock by 0.8% during the first quarter. Invesco Ltd. now owns 8,951,896 shares of the energy company's stock valued at $234,898,000 after acquiring an additional 67,947 shares during the period. Northern Trust Corp raised its holdings in Archrock by 20.2% in the 4th quarter. Northern Trust Corp now owns 2,241,032 shares of the energy company's stock valued at $55,779,000 after acquiring an additional 376,564 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Archrock by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,957,444 shares of the energy company's stock worth $48,721,000 after acquiring an additional 75,684 shares during the period. Finally, Kayne Anderson Capital Advisors LP lifted its position in shares of Archrock by 2.0% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,647,222 shares of the energy company's stock worth $43,223,000 after acquiring an additional 32,958 shares during the period. 95.45% of the stock is owned by institutional investors.

Insider Activity at Archrock

In other news, SVP Eric W. Thode sold 10,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was 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 approximately $5,292,003.86. This trade represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.60% of the company's stock.

Archrock Price Performance

Archrock stock traded down $1.1760 during trading hours on Monday, hitting $24.0240. 1,505,166 shares of the stock were exchanged, compared to its average volume of 1,617,377. The stock has a market capitalization of $4.22 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.30 and a beta of 1.10. The business's 50-day moving average is $23.86 and its two-hundred day moving average is $24.66. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.30 and a current ratio of 1.81. Archrock, Inc. has a 12 month low of $18.38 and a 12 month high of $30.44.

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

Archrock declared that its Board of Directors has initiated a stock buyback program on Monday, May 5th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the energy company to reacquire up to 1.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

Archrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were paid a $0.21 dividend. This is an increase from Archrock's previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, August 5th. Archrock's payout ratio is presently 63.64%.

Analyst Ratings Changes

A number of analysts have recently issued reports on AROC shares. Sidoti upgraded 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 on the stock in a research note on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $28.40.

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.