Bridgefront Capital LLC Makes New Investment in Archrock, Inc. (NYSE:AROC)

Bridgefront Capital LLC acquired a new stake in Archrock, Inc. (NYSE:AROC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 9,336 shares of the energy company’s stock, valued at approximately $232,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Archrock by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 21,571,800 shares of the energy company’s stock worth $536,922,000 after buying an additional 508,214 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of Archrock by 0.4% during the 4th quarter. Earnest Partners LLC now owns 13,074,904 shares of the energy company’s stock worth $325,434,000 after acquiring an additional 47,563 shares during the last quarter. Invesco Ltd. raised its stake in Archrock by 12.8% in the 4th quarter. Invesco Ltd. now owns 8,883,949 shares of the energy company’s stock valued at $221,121,000 after acquiring an additional 1,008,438 shares during the period. Sei Investments Co. lifted its holdings in Archrock by 8.3% during the 4th quarter. Sei Investments Co. now owns 5,354,764 shares of the energy company’s stock valued at $133,280,000 after purchasing an additional 411,286 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Archrock by 10.0% during the fourth quarter. American Century Companies Inc. now owns 4,927,024 shares of the energy company’s stock worth $122,634,000 after purchasing an additional 448,410 shares during the period. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Archrock Stock Up 2.0 %

Shares of AROC opened at $24.33 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. Archrock, Inc. has a 12 month low of $17.27 and a 12 month high of $30.44. The firm’s 50 day moving average is $24.37 and its 200-day moving average is $25.17. The stock has a market capitalization of $4.26 billion, a PE ratio of 26.73, a P/E/G ratio of 1.60 and a beta of 1.19.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Monday, May 5th. The energy company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The firm had revenue of $347.16 million during the quarter, compared to analysts’ expectations of $342.98 million. Archrock had a return on equity of 16.24% and a net margin of 13.34%. Equities research analysts forecast that Archrock, Inc. will post 1.09 EPS for the current year.

Archrock declared that its Board of Directors has approved a stock repurchase plan on Monday, May 5th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the energy company to purchase up to 1.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Archrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.76 annualized dividend and a yield of 3.12%. Archrock’s dividend payout ratio is 64.41%.

Analyst Ratings Changes

Separately, Citigroup raised their target price on shares of Archrock from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.67.

Archrock 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.