Panagora Asset Management Inc. Invests $4.20 Million in Archrock, Inc. $AROC

Panagora Asset Management Inc. invested $4.20 million in Archrock, Inc. during Q2, purchasing 169,092 shares. This stake represents 0.10% of Archrock. Other hedge funds also adjusted their positions in Archrock. Archrock's stock opened at $24.53, with a market cap of $4.30 billion. The company reported Q3 earnings of $0.42 per share and revenue of $382.43 million. Archrock recently paid a quarterly dividend of $0.21 per share. Analysts have mixed ratings on Archrock, with some upgrading their price targets.

Panagora Asset Management Inc. purchased a new stake in shares of Archrock, Inc. (NYSE:AROC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 169,092 shares of the energy company's stock, valued at approximately $4,199,000. Panagora Asset Management Inc. owned approximately 0.10% of Archrock as of its most recent SEC filing.

3 Oil & Gas Gear Makers With Triple-Digit EPS Growth Forecasts

A number of other hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in shares of Archrock by 0.8% in the 1st quarter. Invesco Ltd. now owns 8,951,896 shares of the energy company's stock worth $234,898,000 after purchasing an additional 67,947 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Archrock by 9.2% during the second quarter. American Century Companies Inc. now owns 5,886,085 shares of the energy company's stock valued at $146,152,000 after buying an additional 497,121 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Archrock by 1.0% during the second quarter. Geode Capital Management LLC now owns 4,063,469 shares of the energy company's stock valued at $100,909,000 after buying an additional 42,050 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Archrock by 17.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,292,302 shares of the energy company's stock worth $60,150,000 after buying an additional 334,858 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Archrock by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,058,502 shares of the energy company's stock worth $51,113,000 after buying an additional 20,048 shares during the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Archrock Trading Up 2.1%

Shares of AROC stock opened at $24.53 on Thursday. Archrock, Inc. has a 1 year low of $20.12 and a 1 year high of $30.44. The firm has a fifty day moving average price of $24.67 and a 200-day moving average price of $24.45. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.56 and a quick ratio of 1.01. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.24 and a beta of 0.94.

Archrock (NYSE:AROC - Get Free Report) last announced its 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. The company had revenue of $382.43 million for the quarter, compared to analysts' expectations of $379.29 million. Archrock had a return on equity of 20.17% and a net margin of 18.43%.Archrock's revenue for the quarter was up 30.9% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. As a group, equities analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Tuesday, November 4th were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Archrock's dividend payout ratio (DPR) is 56.00%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Archrock in a report on Wednesday, October 8th. Mizuho increased their price objective on shares of Archrock from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Royal Bank Of Canada raised their target price on shares of Archrock from $31.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, October 30th. Zacks Research lowered shares of Archrock from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 18th. Finally, Wells Fargo & Company began coverage on Archrock in a report on Wednesday, September 3rd. They set an "overweight" rating and a $30.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

View Our Latest Stock Analysis on AROC

Insider Transactions at Archrock

In other news, Director Jason C. Rebrook bought 10,000 shares of the firm's stock in a transaction on Thursday, September 18th. The shares were bought at an average price of $24.17 per share, for a total transaction of $241,700.00. Following the purchase, the director owned 74,511 shares in the company, valued at approximately $1,800,930.87. The trade was a 15.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $1,022,574.00. Following the transaction, the senior vice president directly owned 184,216 shares in the company, valued at $4,623,821.60. This represents a 18.11% decrease in their position. The SEC filing for this sale provides additional information. 2.60% of the stock is owned by insiders.

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.

Should You Invest $1,000 in Archrock Right Now?

Before you consider Archrock, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Archrock wasn't on the list.

While Archrock currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here