KCG Holdings Inc. Takes Position in Archrock, Inc. (NYSE:AROC)
KCG Holdings Inc. purchased a new stake in shares of Archrock, Inc. (NYSE:AROC) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 46,648 shares of the energy company’s stock, valued at approximately $578,000.
A number of other institutional investors also recently modified their holdings of AROC. BlackRock Inc. boosted its position in Archrock by 51,362.3% in the first quarter. BlackRock Inc. now owns 9,155,144 shares of the energy company’s stock valued at $113,523,000 after buying an additional 9,137,354 shares during the last quarter. UBS Group AG boosted its stake in Archrock by 101.3% in the first quarter. UBS Group AG now owns 20,020 shares of the energy company’s stock worth $248,000 after buying an additional 10,077 shares in the last quarter. NorthCoast Asset Management LLC boosted its stake in Archrock by 86.6% in the first quarter. NorthCoast Asset Management LLC now owns 203,736 shares of the energy company’s stock worth $2,526,000 after buying an additional 94,559 shares in the last quarter. Geode Capital Management LLC boosted its stake in Archrock by 31.0% in the first quarter. Geode Capital Management LLC now owns 880,485 shares of the energy company’s stock worth $10,917,000 after buying an additional 208,185 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Archrock by 12.1% in the first quarter. Vanguard Group Inc. now owns 8,047,378 shares of the energy company’s stock worth $99,787,000 after buying an additional 868,015 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.
Shares of Archrock, Inc. (NYSE AROC) traded up 0.95% during mid-day trading on Thursday, reaching $10.60. The company had a trading volume of 733,942 shares. Archrock, Inc. has a 52-week low of $8.52 and a 52-week high of $16.40. The stock’s market capitalization is $751.95 million. The company’s 50-day moving average is $11.10 and its 200 day moving average is $12.39.
Archrock (NYSE:AROC) last released its quarterly earnings results on Tuesday, August 1st. The energy company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. Archrock had a negative net margin of 8.57% and a negative return on equity of 3.41%. The business had revenue of $198 million for the quarter, compared to analyst estimates of $196 million. Archrock’s quarterly revenue was up 4.2% on a year-over-year basis. Analysts anticipate that Archrock, Inc. will post ($0.29) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 8th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Friday, August 4th.
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A number of equities research analysts recently issued reports on AROC shares. Simmons upped their target price on Archrock from $14.25 to $14.75 and gave the company a “neutral” rating in a research note on Tuesday, April 11th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $13.00 target price on shares of Archrock in a research note on Friday, May 5th. Scotiabank set a $15.00 price target on Archrock and gave the stock a “hold” rating in a research note on Tuesday, June 20th. Capital One Financial Corporation lowered Archrock from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 23rd. Finally, Zacks Investment Research lowered Archrock from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $13.29.
Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.
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