Los Angeles Capital Management LLC Grows Position in Archrock, Inc. (NYSE:AROC)

Los Angeles Capital Management LLC boosted its position in Archrock, Inc. (NYSE:AROC) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,999 shares of the energy company’s stock after purchasing an additional 7,286 shares during the period. Los Angeles Capital Management LLC owned approximately 0.07% of Archrock worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Natixis Advisors L.P. boosted its holdings in Archrock by 18.8% during the 4th quarter. Natixis Advisors L.P. now owns 481,709 shares of the energy company’s stock valued at $7,418,000 after acquiring an additional 76,081 shares during the period. Fisher Asset Management LLC bought a new position in shares of Archrock in the fourth quarter worth about $752,000. Van ECK Associates Corp increased its stake in Archrock by 6.1% in the 4th quarter. Van ECK Associates Corp now owns 28,113 shares of the energy company’s stock worth $433,000 after buying an additional 1,624 shares during the period. Chase Investment Counsel Corp bought a new stake in Archrock during the 4th quarter valued at about $1,909,000. Finally, Yousif Capital Management LLC boosted its position in Archrock by 2.3% in the 4th quarter. Yousif Capital Management LLC now owns 69,907 shares of the energy company’s stock valued at $1,077,000 after buying an additional 1,582 shares during the period. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Archrock Stock Up 0.7 %

Shares of NYSE AROC opened at $20.18 on Wednesday. The stock has a market capitalization of $3.15 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 2.82 and a beta of 1.58. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.78. Archrock, Inc. has a 12-month low of $8.92 and a 12-month high of $21.40. The stock’s fifty day simple moving average is $19.47 and its two-hundred day simple moving average is $16.66.

Archrock (NYSE:AROC) last posted its earnings results on Wednesday, May 1st. The energy company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $268.49 million for the quarter, compared to analyst estimates of $260.51 million. Archrock had a return on equity of 15.30% and a net margin of 12.54%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. As a group, analysts expect that Archrock, Inc. will post 1.02 EPS for the current fiscal year.

Archrock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be given a dividend of $0.165 per share. 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 3.27%. Archrock’s payout ratio is 79.52%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Archrock from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Stifel Nicolaus increased their price target on Archrock from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.67.

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.