Robeco Institutional Asset Management B.V. raised its position in Archrock, Inc. (NYSE:AROC) by 127.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,002,314 shares of the energy company’s stock after buying an additional 561,671 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 1.41% of Archrock worth $11,427,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AROC. BlackRock Inc. raised its position in shares of Archrock by 51,362.3% in the first quarter. BlackRock Inc. now owns 9,155,144 shares of the energy company’s stock worth $113,523,000 after buying an additional 9,137,354 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of 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 during the period. FMR LLC bought a new stake in shares of Archrock during the first quarter worth about $10,635,000. Bank of New York Mellon Corp increased its stake in shares of Archrock by 50.3% in the first quarter. Bank of New York Mellon Corp now owns 1,978,588 shares of the energy company’s stock worth $24,535,000 after buying an additional 662,512 shares during the period. Finally, Hancock Holding Co. bought a new stake in shares of Archrock during the first quarter worth about $6,694,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

Shares of Archrock, Inc. (AROC) opened at 10.10 on Wednesday. Archrock, Inc. has a one year low of $8.30 and a one year high of $16.40. The stock has a 50 day moving average price of $10.50 and a 200 day moving average price of $11.78. The stock’s market capitalization is $716.48 million.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Tuesday, August 1st. The energy company reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.08. The company had revenue of $198 million for the quarter, compared to analyst estimates of $196 million. Archrock had a negative net margin of 8.57% and a negative return on equity of 3.44%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities analysts forecast that Archrock, Inc. will post ($0.20) earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 8th were issued a $0.12 dividend. The ex-dividend date was Friday, August 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.75%.

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A number of brokerages have issued reports on AROC. Zacks Investment Research upgraded Archrock from a “sell” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Thursday, May 25th. BidaskClub upgraded Archrock from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Capital One Financial Corporation downgraded Archrock from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 23rd. Royal Bank Of Canada upgraded Archrock from a “sector perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research report on Monday, August 21st. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $12.00 price objective (down from $13.00) on shares of Archrock in a research report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Archrock currently has an average rating of “Hold” and a consensus price target of $13.29.

About Archrock

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.

Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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