Diversified Trust Co. Takes Position in Archrock, Inc. $AROC

Diversified Trust Co. bought a new position in shares of Archrock, Inc. (NYSE:AROC) in the 4th quarter, Holdings Channel reports. The fund bought 29,837 shares of the energy company’s stock, valued at approximately $776,000.

Several other hedge funds have also added to or reduced their stakes in AROC. Invesco Ltd. lifted its holdings in shares of Archrock by 1.4% during the second quarter. Invesco Ltd. now owns 9,080,037 shares of the energy company’s stock worth $225,457,000 after buying an additional 128,141 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Archrock by 3.2% during the third quarter. Dimensional Fund Advisors LP now owns 6,722,072 shares of the energy company’s stock valued at $176,858,000 after purchasing an additional 207,978 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Archrock by 3.3% in the 3rd quarter. American Century Companies Inc. now owns 6,077,999 shares of the energy company’s stock valued at $159,912,000 after purchasing an additional 191,914 shares in the last quarter. Sei Investments Co. grew its position in Archrock by 3.5% in the third quarter. Sei Investments Co. now owns 5,499,093 shares of the energy company’s stock valued at $144,681,000 after acquiring an additional 187,252 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Archrock by 43.8% during the 3rd quarter. Millennium Management LLC now owns 2,009,230 shares of the energy company’s stock valued at $52,863,000 after purchasing an additional 611,773 shares during the last quarter. 95.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Archrock in a report on Wednesday, February 25th. Weiss Ratings restated a “buy (b)” rating on shares of Archrock in a report on Wednesday, January 21st. Dawson James restated an “outperform” rating on shares of Archrock in a report on Wednesday, February 25th. Royal Bank Of Canada raised their price objective on Archrock from $32.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. Finally, Zacks Research upgraded shares of Archrock from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $38.14.

Insider Activity

In related news, CAO Donna A. Henderson sold 10,413 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $36.74, for a total transaction of $382,573.62. Following the sale, the chief accounting officer directly owned 27,757 shares in the company, valued at approximately $1,019,792.18. The trade was a 27.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.

Archrock Trading Down 0.5%

Shares of AROC stock opened at $35.53 on Friday. The firm has a market cap of $6.23 billion, a P/E ratio of 19.41, a PEG ratio of 1.48 and a beta of 0.87. The company has a 50 day moving average of $33.03 and a 200-day moving average of $27.81. The company has a quick ratio of 0.99, a current ratio of 1.54 and a debt-to-equity ratio of 1.62. Archrock, Inc. has a 12-month low of $20.12 and a 12-month high of $37.72.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Wednesday, February 25th. The energy company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.29. The firm had revenue of $377.07 million for the quarter, compared to analysts’ expectations of $378.04 million. Archrock had a return on equity of 23.57% and a net margin of 21.63%.The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS. Sell-side analysts anticipate that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Tuesday, February 10th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.5%. This is a boost from Archrock’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, February 10th. Archrock’s dividend payout ratio (DPR) is presently 48.09%.

Archrock Company Profile

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.