EFG International AG Makes New Investment in Archrock, Inc. $AROC

EFG International AG purchased a new stake in shares of Archrock, Inc. (NYSE:AROC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 106,308 shares of the energy company’s stock, valued at approximately $4,329,000. EFG International AG owned 0.06% of Archrock as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Archrock during the 2nd quarter valued at approximately $1,217,511,000. Bank of New York Mellon Corp purchased a new position in Archrock during the second quarter valued at $84,463,000. Energy Income Partners LLC bought a new stake in shares of Archrock during the 2nd quarter valued at $58,510,000. Neuberger Berman Group LLC boosted its holdings in shares of Archrock by 9,756.7% during the 4th quarter. Neuberger Berman Group LLC now owns 1,293,002 shares of the energy company’s stock valued at $33,644,000 after buying an additional 1,279,884 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Archrock during the 2nd quarter valued at $51,617,000. 95.45% of the stock is owned by institutional investors.

Archrock Stock Performance

Shares of AROC stock opened at $30.72 on Wednesday. Archrock, Inc. has a one year low of $22.88 and a one year high of $42.23. The company’s 50-day moving average is $36.22 and its 200 day moving average is $35.80. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 1.42 and a beta of 0.86. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.94 and a current ratio of 1.39.

Archrock (NYSE:AROC) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The firm had revenue of $371.24 million for the quarter, compared to the consensus estimate of $393.19 million. Archrock had a net margin of 21.84% and a return on equity of 22.22%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 earnings per share. Sell-side analysts expect that Archrock, Inc. will post 1.81 EPS for the current fiscal year.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, August 4th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, August 4th. This is an increase from Archrock’s previous quarterly dividend of $0.22. Archrock’s dividend payout ratio (DPR) is presently 49.46%.

Analyst Ratings Changes

Several brokerages recently issued reports on AROC. Citigroup increased their price target on shares of Archrock from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada upped their price objective on shares of Archrock from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, August 17th. Mizuho raised their target price on shares of Archrock from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Wells Fargo & Company lowered their target price on shares of Archrock from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Finally, Weiss Ratings cut Archrock from a “buy (a-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $42.29.

Archrock 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.