33,890 Shares in Archrock, Inc. $AROC Purchased by Maven Securities LTD

Maven Securities LTD acquired a new stake in Archrock, Inc. (NYSE:AROC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 33,890 shares of the energy company’s stock, valued at approximately $892,000.

Other hedge funds have also added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new position in shares of Archrock during the third quarter worth approximately $27,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of Archrock by 164.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock valued at $28,000 after purchasing an additional 673 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Archrock by 217.9% in the first quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after purchasing an additional 902 shares during the period. Salomon & Ludwin LLC bought a new position in Archrock in the third quarter worth approximately $34,000. Finally, Farther Finance Advisors LLC grew its stake in Archrock by 49.9% in the third quarter. Farther Finance Advisors LLC now owns 1,640 shares of the energy company’s stock worth $43,000 after purchasing an additional 546 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Archrock news, CAO Donna A. Henderson sold 10,413 shares of Archrock stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $36.74, for a total value of $382,573.62. Following the transaction, the chief accounting officer owned 27,757 shares in the company, valued at $1,019,792.18. The trade was a 27.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AROC. Citigroup lifted their target price on Archrock from $31.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Wells Fargo & Company increased their price target on Archrock from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Weiss Ratings restated a “buy (b)” rating on shares of Archrock in a research note on Wednesday, January 21st. Zacks Research upgraded Archrock from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Finally, Stifel Nicolaus upped their price objective on shares of Archrock from $31.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $38.14.

Archrock Stock Performance

Shares of NYSE:AROC opened at $36.20 on Wednesday. The firm has a 50 day moving average of $31.39 and a 200 day moving average of $27.22. The company has a quick ratio of 0.99, a current ratio of 1.54 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.47 and a beta of 0.87. Archrock, Inc. has a 52 week low of $20.12 and a 52 week high of $37.26.

Archrock (NYSE:AROC) last announced its earnings results on Tuesday, February 24th. The energy company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.29. Archrock had a return on equity of 23.57% and a net margin of 21.63%.The business had revenue of $377.07 million for the quarter, compared to analysts’ expectations of $378.04 million. During the same quarter last year, the firm earned $0.34 EPS. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, sell-side analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Tuesday, February 10th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, February 10th. 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 yield of 2.4%. Archrock’s dividend payout ratio is 48.09%.

About Archrock

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.