Raymond James & Associates Increases Stock Holdings in Archrock, Inc. (NYSE:AROC)

Raymond James & Associates grew its holdings in Archrock, Inc. (NYSE:AROC - Free Report) by 84.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 142,510 shares of the energy company's stock after acquiring an additional 65,185 shares during the quarter. Raymond James & Associates owned 0.09% of Archrock worth $2,195,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Archrock by 2.1% in the second quarter. BlackRock Inc. now owns 24,365,307 shares of the energy company's stock worth $249,744,000 after acquiring an additional 506,399 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Archrock by 5.9% during the third quarter. Vanguard Group Inc. now owns 17,248,507 shares of the energy company's stock worth $110,735,000 after purchasing an additional 963,291 shares during the period. Earnest Partners LLC lifted its holdings in shares of Archrock by 2.7% during the third quarter. Earnest Partners LLC now owns 12,552,460 shares of the energy company's stock worth $158,161,000 after purchasing an additional 327,411 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Archrock by 6.5% during the first quarter. Dimensional Fund Advisors LP now owns 10,007,219 shares of the energy company's stock worth $97,770,000 after purchasing an additional 610,186 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Archrock by 18.3% during the first quarter. Invesco Ltd. now owns 9,454,203 shares of the energy company's stock worth $87,262,000 after purchasing an additional 1,462,659 shares during the period. Institutional investors and hedge funds own 95.45% of the company's stock.

Archrock Stock Performance

Shares of Archrock stock traded down $0.32 on Wednesday, reaching $19.07. 1,064,533 shares of the stock were exchanged, compared to its average volume of 1,323,584. The business has a 50 day moving average price of $18.64 and a two-hundred day moving average price of $15.87. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 2.87 and a beta of 1.59. Archrock, Inc. has a twelve month low of $8.78 and a twelve month high of $21.40.

Archrock (NYSE:AROC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $259.60 million during the quarter, compared to analysts' expectations of $252.42 million. Archrock had a return on equity of 12.63% and a net margin of 10.60%. Archrock's quarterly revenue was up 18.6% on a year-over-year basis. During the same period last year, the business earned $0.07 earnings per share. Analysts anticipate that Archrock, Inc. will post 0.99 earnings per share for the current fiscal year.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were given a dividend of $0.165 per share. This is a boost from Archrock's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 3.46%. The ex-dividend date was Monday, February 5th. Archrock's dividend payout ratio (DPR) is currently 98.51%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their target price on Archrock from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Thursday, March 28th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $17.67.

Archrock Company 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.