Capitolis Liquid Global Markets LLC Purchases New Position in Archrock, Inc. $AROC

Capitolis Liquid Global Markets LLC purchased a new stake in Archrock, Inc. (NYSE:AROC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 267,100 shares of the energy company’s stock, valued at approximately $7,027,000. Capitolis Liquid Global Markets LLC owned 0.15% of Archrock at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriflex Group Inc. acquired a new stake in shares of Archrock during the 3rd quarter worth approximately $27,000. Wilmington Savings Fund Society FSB lifted its stake in shares of Archrock by 164.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock valued at $28,000 after purchasing an additional 673 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Archrock by 217.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after purchasing an additional 902 shares during the period. Salomon & Ludwin LLC purchased a new stake in Archrock during the third quarter worth $34,000. Finally, Farther Finance Advisors LLC increased its holdings in Archrock by 49.9% in the third quarter. Farther Finance Advisors LLC now owns 1,640 shares of the energy company’s stock valued at $43,000 after buying an additional 546 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Analyst Ratings Changes

AROC has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Archrock in a report on Wednesday, January 21st. Stifel Nicolaus raised their target price on Archrock from $31.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Raymond James Financial restated an “outperform” rating and issued a $40.00 price target on shares of Archrock in a research note on Wednesday, February 25th. Citigroup upped their price target on Archrock from $31.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Wall Street Zen downgraded Archrock from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Archrock has an average rating of “Buy” and a consensus price target of $37.00.

Insider Transactions at Archrock

In other Archrock news, CAO Donna A. Henderson sold 10,413 shares of the business’s stock in a transaction that occurred 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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

Archrock Stock Performance

NYSE:AROC opened at $34.62 on Monday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 1.54. The stock has a market capitalization of $6.06 billion, a PE ratio of 18.92, a P/E/G ratio of 1.44 and a beta of 0.87. Archrock, Inc. has a fifty-two week low of $20.12 and a fifty-two week high of $37.26. The company has a fifty day moving average of $31.00 and a two-hundred day moving average of $27.06.

Archrock (NYSE:AROC) last announced its earnings results on Tuesday, February 24th. The energy company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.29. The business had revenue of $377.07 million for the quarter, compared to analyst estimates of $378.04 million. Archrock had a net margin of 21.63% and a return on equity of 23.57%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 earnings per share. As a group, research analysts forecast that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Tuesday, February 10th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, February 10th. This is a positive change from Archrock’s previous quarterly dividend of $0.21. Archrock’s payout ratio is presently 48.09%.

About Archrock

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.