Wipfli Financial Advisors LLC Buys New Position in Archrock, Inc. (NYSE:AROC)

Wipfli Financial Advisors LLC bought a new stake in shares of Archrock, Inc. (NYSE:AROCGet Rating) in the third quarter, Holdings Channel reports. The firm bought 4,451 shares of the energy company’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AROC. Invesco Ltd. raised its position in Archrock by 18.3% in the 1st quarter. Invesco Ltd. now owns 9,454,203 shares of the energy company’s stock valued at $87,262,000 after purchasing an additional 1,462,659 shares in the last quarter. State Street Corp raised its position in Archrock by 17.8% in the 1st quarter. State Street Corp now owns 6,047,977 shares of the energy company’s stock valued at $55,823,000 after purchasing an additional 915,097 shares in the last quarter. Sei Investments Co. raised its position in Archrock by 33.2% in the 2nd quarter. Sei Investments Co. now owns 2,765,711 shares of the energy company’s stock valued at $22,872,000 after purchasing an additional 689,230 shares in the last quarter. Victory Capital Management Inc. raised its position in Archrock by 33.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,735,536 shares of the energy company’s stock valued at $14,353,000 after purchasing an additional 437,786 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in Archrock by 41.1% in the 1st quarter. Advisors Asset Management Inc. now owns 1,159,219 shares of the energy company’s stock valued at $10,700,000 after purchasing an additional 337,478 shares in the last quarter. 82.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Raymond James assumed coverage on Archrock in a research report on Friday, December 9th. They issued an “outperform” rating and a $10.00 price target on the stock. StockNews.com raised Archrock from a “hold” rating to a “buy” rating in a research report on Thursday, January 5th.

Archrock Price Performance

Shares of NYSE AROC opened at $9.30 on Friday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.70 and a current ratio of 1.13. Archrock, Inc. has a fifty-two week low of $6.28 and a fifty-two week high of $10.44. The firm has a market capitalization of $1.45 billion, a PE ratio of 35.77 and a beta of 1.72. The stock’s 50-day simple moving average is $8.73 and its 200-day simple moving average is $7.96.

Archrock (NYSE:AROCGet Rating) last issued its earnings results on Wednesday, November 2nd. The energy company reported $0.10 earnings per share for the quarter. Archrock had a return on equity of 5.44% and a net margin of 4.85%. The business had revenue of $213.67 million for the quarter. As a group, equities research analysts forecast that Archrock, Inc. will post 0.28 EPS for the current fiscal year.

Archrock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 8th were given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 6.24%. The ex-dividend date was Monday, November 7th. Archrock’s dividend payout ratio (DPR) is presently 223.08%.

Archrock Profile

(Get Rating)

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. It operates in two segments, Contract Operations and Aftermarket Services. The company engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining its owned fleet of natural gas compression equipment to provide natural gas compression services to customers in the oil and natural gas industry.

Further Reading

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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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