Archrock, Inc. $AROC Shares Bought by Swiss National Bank

Swiss National Bank raised its holdings in Archrock, Inc. (NYSE:AROC) by 4.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 318,600 shares of the energy company’s stock after acquiring an additional 13,200 shares during the period. Swiss National Bank’s holdings in Archrock were worth $7,911,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AROC. Cetera Investment Advisers lifted its holdings in shares of Archrock by 64.6% in the 1st quarter. Cetera Investment Advisers now owns 27,718 shares of the energy company’s stock valued at $727,000 after buying an additional 10,882 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Archrock by 16.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,760 shares of the energy company’s stock valued at $1,175,000 after acquiring an additional 6,254 shares in the last quarter. Bayforest Capital Ltd acquired a new position in Archrock in the first quarter valued at approximately $47,000. Natixis Advisors LLC boosted its position in Archrock by 14.0% in the 1st quarter. Natixis Advisors LLC now owns 1,036,020 shares of the energy company’s stock worth $27,185,000 after purchasing an additional 127,017 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Archrock by 60.0% during the 1st quarter. US Bancorp DE now owns 13,743 shares of the energy company’s stock worth $361,000 after purchasing an additional 5,153 shares during the period. 95.45% of the stock is owned by institutional investors and hedge funds.

Archrock Price Performance

Shares of NYSE AROC opened at $24.54 on Friday. The firm has a 50-day simple moving average of $24.73 and a 200-day simple moving average of $24.48. The company has a quick ratio of 1.30, a current ratio of 1.81 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.29 and a beta of 1.11. Archrock, Inc. has a 52 week low of $20.12 and a 52 week high of $30.44.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Wednesday, October 29th. The energy company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Archrock had a net margin of 18.43% and a return on equity of 20.40%. The firm had revenue of $382.43 million for the quarter, compared to analyst estimates of $379.29 million. During the same period in the previous year, the business posted $0.28 earnings per share. Archrock’s quarterly revenue was up 30.9% on a year-over-year basis. On average, equities analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Tuesday, November 4th 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, November 4th. Archrock’s payout ratio is currently 56.00%.

Wall Street Analysts Forecast Growth

AROC has been the subject of several analyst reports. Mizuho boosted their target price on shares of Archrock from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Royal Bank Of Canada lifted their price objective on shares of Archrock from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Zacks Research lowered shares of Archrock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Wells Fargo & Company assumed coverage on Archrock in a research report on Wednesday, September 3rd. They set an “overweight” rating and a $30.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Archrock in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Archrock currently has a consensus rating of “Moderate Buy” and an average target price of $32.40.

Insider Buying and Selling

In related news, Director Jason C. Rebrook purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was purchased at an average price of $23.94 per share, with a total value of $119,700.00. Following the completion of the acquisition, the director owned 79,511 shares in the company, valued at $1,903,493.34. This trade represents a 6.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Eric W. Thode sold 40,740 shares of Archrock stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $25.10, for a total value of $1,022,574.00. Following the transaction, the senior vice president owned 184,216 shares in the company, valued at approximately $4,623,821.60. The trade was a 18.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is owned by corporate insiders.

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.