Jump Financial LLC Buys New Stake in Archrock, Inc. $AROC

Key Points

• Jump Financial LLC invested approximately $5.76 million in Archrock, acquiring 219,381 shares during the first quarter of the fiscal year, now holding 0.12% of the company's stock.
• Archrock recently increased its quarterly dividend from $0.19 to $0.21 per share, representing an annualized dividend yield of 3.3%.
• The company experienced a 41.6% year-over-year increase in quarterly revenue, reporting $383.15 million, and beat earnings per share estimates for the quarter by $0.02.

Jump Financial LLC bought a new stake in shares of Archrock, Inc. (NYSE:AROC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 219,381 shares of the energy company's stock, valued at approximately $5,757,000. Jump Financial LLC owned 0.12% of Archrock as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Earnest Partners LLC boosted its stake 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 valued at $325,434,000 after buying an additional 47,563 shares during the period. Invesco Ltd. boosted its stake in shares of Archrock by 0.8% during the 1st quarter. Invesco Ltd. now owns 8,951,896 shares of the energy company's stock valued at $234,898,000 after buying an additional 67,947 shares during the period. American Century Companies Inc. lifted its stake in shares of Archrock by 9.4% in the 1st quarter. American Century Companies Inc. now owns 5,388,964 shares of the energy company's stock valued at $141,406,000 after purchasing an additional 461,940 shares during the last quarter. Northern Trust Corp lifted its stake in shares of 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 purchasing an additional 376,564 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 valued at $48,721,000 after purchasing an additional 75,684 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.

Insider Activity

In other news, SVP Eric W. Thode sold 10,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $23.54, for a total transaction of $235,400.00. Following the transaction, the senior vice president owned 224,809 shares in the company, valued at approximately $5,292,003.86. The trade was a 4.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.60% of the company's stock.

Archrock Stock Performance

Archrock stock traded down $0.07 on Friday, reaching $24.76. 777,040 shares of the stock were exchanged, compared to its average volume of 1,417,082. The stock has a market cap of $4.35 billion, a PE ratio of 18.75, a PEG ratio of 1.27 and a beta of 1.10. The company has a current ratio of 1.81, a quick ratio of 1.30 and a debt-to-equity ratio of 1.86. Archrock, Inc. has a twelve month low of $18.38 and a twelve month high of $30.44. The firm has a fifty day moving average price of $23.84 and a two-hundred day moving average price of $24.64.

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

Archrock declared that its board has initiated a stock repurchase 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 often an indication that the company's board believes its stock is undervalued.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, August 5th. This is a positive change from Archrock's previous quarterly dividend of $0.19. Archrock's payout ratio is presently 63.64%.

Wall Street Analyst Weigh In

AROC has been the subject of several analyst reports. Sidoti raised shares of Archrock to a "hold" rating in a research note on Wednesday, May 7th. Evercore ISI reduced their price objective on shares of Archrock from $32.00 to $31.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. Finally, Mizuho lifted their price objective on shares of Archrock from $31.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.00.

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.