Y Intercept Hong Kong Ltd Purchases 23,655 Shares of Archrock, Inc. $AROC

Y Intercept Hong Kong Ltd increased its position in shares of Archrock, Inc. (NYSE:AROC) by 76.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,707 shares of the energy company’s stock after buying an additional 23,655 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Archrock were worth $1,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AROC. Royal Bank of Canada grew its position in shares of Archrock by 0.7% in the 1st quarter. Royal Bank of Canada now owns 95,866 shares of the energy company’s stock valued at $2,514,000 after acquiring an additional 667 shares during the period. Jones Financial Companies Lllp lifted its stake in Archrock by 217.9% in the 1st 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 last quarter. KLP Kapitalforvaltning AS grew its holdings in Archrock by 28.0% during the second quarter. KLP Kapitalforvaltning AS now owns 41,600 shares of the energy company’s stock worth $1,033,000 after purchasing an additional 9,100 shares during the period. Maryland State Retirement & Pension System grew its holdings in Archrock by 1.7% during the second quarter. Maryland State Retirement & Pension System now owns 51,961 shares of the energy company’s stock worth $1,290,000 after purchasing an additional 887 shares during the period. Finally, Callan Family Office LLC increased its position in Archrock by 28.2% during the second quarter. Callan Family Office LLC now owns 14,918 shares of the energy company’s stock worth $370,000 after buying an additional 3,281 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on AROC shares. Royal Bank Of Canada raised their price objective on Archrock from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “buy (b)” rating on shares of Archrock in a research note on Wednesday, January 21st. Evercore ISI lifted their price objective on shares of Archrock from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, Zacks Research downgraded shares of Archrock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.40.

Insider Activity at Archrock

In other news, SVP Eric W. Thode sold 40,740 shares of Archrock stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $25.10, for a total value of $1,022,574.00. Following the completion of the sale, the senior vice president directly owned 184,216 shares in the company, valued at approximately $4,623,821.60. The trade was a 18.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.60% of the company’s stock.

Archrock Stock Up 1.5%

AROC opened at $29.60 on Friday. The stock has a fifty day moving average of $25.99 and a 200-day moving average of $24.91. The company has a market capitalization of $5.19 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.33 and a beta of 0.92. Archrock, Inc. has a fifty-two week low of $20.12 and a fifty-two week high of $30.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.01 and a current ratio of 1.56.

Archrock (NYSE:AROC) last released its quarterly earnings results on Wednesday, October 29th. The energy company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Archrock had a net margin of 18.43% and a return on equity of 20.17%. The business had revenue of $382.43 million for the quarter, compared to analyst estimates of $379.29 million. During the same period last year, the firm earned $0.28 earnings per share. Archrock’s revenue for the quarter was up 30.9% compared to the same quarter last year. On average, equities analysts expect that Archrock, Inc. will post 1.09 EPS for the current year.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Tuesday, February 10th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, February 10th. This is a boost from Archrock’s previous quarterly dividend of $0.21. Archrock’s dividend payout ratio (DPR) is currently 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.