Versor Investments LP Acquires 23,700 Shares of Archrock, Inc. $AROC

Versor Investments LP raised its holdings in shares of Archrock, Inc. (NYSE:AROC) by 182.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,668 shares of the energy company’s stock after buying an additional 23,700 shares during the quarter. Versor Investments LP’s holdings in Archrock were worth $965,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AROC. Balyasny Asset Management L.P. acquired a new stake in Archrock in the 2nd quarter worth $16,027,000. Franklin Resources Inc. lifted its position in shares of Archrock by 78.7% in the 2nd quarter. Franklin Resources Inc. now owns 1,237,956 shares of the energy company’s stock worth $30,738,000 after acquiring an additional 545,336 shares during the period. American Century Companies Inc. increased its position in shares of Archrock by 9.2% during the second quarter. American Century Companies Inc. now owns 5,886,085 shares of the energy company’s stock valued at $146,152,000 after purchasing an additional 497,121 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in shares of Archrock by 256.6% during the second quarter. Cubist Systematic Strategies LLC now owns 498,418 shares of the energy company’s stock valued at $12,376,000 after acquiring an additional 358,658 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in Archrock by 87.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 603,351 shares of the energy company’s stock worth $14,981,000 after acquiring an additional 280,745 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Analysts Set New Price Targets

AROC has been the subject of a number of research reports. Zacks Research raised shares of Archrock from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Archrock in a research report on Wednesday, January 21st. Evercore raised their target price on shares of Archrock from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, Royal Bank Of Canada boosted their price target on shares of Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $32.40.

Archrock Stock Down 1.4%

Shares of NYSE:AROC opened at $31.90 on Wednesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.01 and a current ratio of 1.56. The company has a market capitalization of $5.59 billion, a PE ratio of 21.27, a PEG ratio of 1.39 and a beta of 0.93. The company has a 50 day moving average price of $26.95 and a two-hundred day moving average price of $25.31. Archrock, Inc. has a 52 week low of $20.12 and a 52 week high of $32.87.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Tuesday, February 10th will be given a $0.22 dividend. This is an increase from Archrock’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, February 10th. Archrock’s dividend payout ratio (DPR) is presently 56.00%.

Archrock Company Profile

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.