Israel launches new strikes on Lebanon as leaders draw closer to ceasefire with HezbollahCitigroup Inc. boosted its position in Archrock, Inc. ( NYSE:AROC – Free Report ) by 59.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 447,160 shares of the energy company’s stock after acquiring an additional 166,947 shares during the period. Citigroup Inc. owned 0.26% of Archrock worth $9,051,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AROC. American Century Companies Inc. boosted its stake in shares of Archrock by 20.5% in the 2nd quarter. American Century Companies Inc. now owns 3,958,281 shares of the energy company’s stock valued at $80,036,000 after purchasing an additional 672,663 shares during the last quarter. Millennium Management LLC boosted its stake in Archrock by 60.3% in the second quarter. Millennium Management LLC now owns 2,343,652 shares of the energy company’s stock valued at $47,389,000 after acquiring an additional 882,024 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Archrock by 13.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,323,820 shares of the energy company’s stock worth $47,034,000 after acquiring an additional 274,763 shares during the period. Bank of New York Mellon Corp raised its position in shares of Archrock by 9.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,169,768 shares of the energy company’s stock valued at $43,873,000 after acquiring an additional 185,962 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP lifted its stake in shares of Archrock by 1,680.2% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company’s stock valued at $30,976,000 after purchasing an additional 1,444,471 shares during the period. 95.45% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analyst Weigh In A number of equities research analysts recently commented on AROC shares. Citigroup initiated coverage on Archrock in a report on Friday, September 27th. They issued a “buy” rating and a $24.00 price objective for the company. Mizuho started coverage on Archrock in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday. Evercore ISI assumed coverage on shares of Archrock in a report on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 target price on the stock. Finally, Royal Bank of Canada boosted their price target on shares of Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Archrock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.17. Archrock Stock Performance Shares of AROC stock opened at $25.62 on Friday. The company has a fifty day moving average price of $22.00 and a two-hundred day moving average price of $20.69. Archrock, Inc. has a one year low of $14.14 and a one year high of $26.36. The stock has a market cap of $4.49 billion, a P/E ratio of 28.15 and a beta of 1.52. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. Archrock ( NYSE:AROC – Get Free Report ) last issued its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $292.16 million during the quarter, compared to the consensus estimate of $286.19 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. Archrock’s revenue was up 15.3% on a year-over-year basis. During the same period last year, the business posted $0.20 EPS. As a group, equities analysts predict that Archrock, Inc. will post 1.09 EPS for the current year. Archrock Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, November 6th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This is a positive change from Archrock’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.73%. Archrock’s payout ratio is presently 76.92%. Archrock Company Profile ( Free Report ) Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services. Recommended Stories Receive News & Ratings for Archrock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archrock and related companies with MarketBeat.com's FREE daily email newsletter .
Louis-Jacques scores 17, Colgate defeats Vermont 65-60Courtland Sutton's surge is helping rookie Bo Nix and the Denver Broncos make a playoff push