123,972 Shares in Archrock, Inc. (NYSE:AROC) Acquired by Chase Investment Counsel Corp

Chase Investment Counsel Corp purchased a new position in Archrock, Inc. (NYSE:AROC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 123,972 shares of the energy company's stock, valued at approximately $1,909,000. Chase Investment Counsel Corp owned 0.08% of Archrock as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Yousif Capital Management LLC raised its stake in Archrock by 2.3% in the fourth quarter. Yousif Capital Management LLC now owns 69,907 shares of the energy company's stock valued at $1,077,000 after purchasing an additional 1,582 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Archrock during the 4th quarter valued at $51,000. Illinois Municipal Retirement Fund lifted its holdings in shares of Archrock by 3.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 81,936 shares of the energy company's stock worth $1,262,000 after acquiring an additional 2,884 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Archrock by 10.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,171 shares of the energy company's stock worth $495,000 after acquiring an additional 3,080 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in Archrock by 15.8% in the fourth quarter. Mackenzie Financial Corp now owns 26,691 shares of the energy company's stock valued at $411,000 after acquiring an additional 3,640 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company's stock.

Analyst Upgrades and Downgrades

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

Archrock Trading Down 0.4 %

Shares of AROC stock traded down $0.07 on Monday, hitting $20.13. 1,016,541 shares of the company's stock traded hands, compared to its average volume of 1,297,779. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 30.04, a P/E/G ratio of 2.91 and a beta of 1.59. The company's fifty day simple moving average is $19.27 and its 200 day simple moving average is $16.37. Archrock, Inc. has a one year low of $8.78 and a one year high of $21.40. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.86 and a current ratio of 1.40.

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

Archrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.66 dividend on an annualized basis and a yield of 3.28%. Archrock's dividend payout ratio (DPR) is currently 98.51%.

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.