Archrock, Inc. (NYSE:AROC) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. grew its position in shares of Archrock, Inc. (NYSE:AROC) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,717 shares of the energy company’s stock after acquiring an additional 1,999 shares during the quarter. Blue Trust Inc.’s holdings in Archrock were worth $690,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. bought a new position in shares of Archrock in the third quarter worth $28,000. Wolff Wiese Magana LLC acquired a new stake in Archrock in the third quarter worth about $30,000. Continuum Advisory LLC grew its position in Archrock by 5,621.6% in the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock valued at $43,000 after buying an additional 2,080 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in Archrock during the 3rd quarter valued at about $50,000. Finally, Quarry LP bought a new stake in shares of Archrock during the 2nd quarter worth about $52,000. Institutional investors own 95.45% of the company’s stock.

Archrock Stock Performance

AROC opened at $28.91 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The firm has a market cap of $5.06 billion, a PE ratio of 31.77, a P/E/G ratio of 1.81 and a beta of 1.58. The business has a fifty day simple moving average of $26.30 and a 200-day simple moving average of $22.68. Archrock, Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $30.44.

Archrock (NYSE:AROC) last released its quarterly earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The business had revenue of $292.16 million during the quarter, compared to analyst estimates of $286.19 million. During the same quarter last year, the company posted $0.20 EPS. Archrock’s revenue for the quarter was up 15.3% on a year-over-year basis. As a group, equities analysts predict that Archrock, Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AROC shares. Mizuho assumed coverage on shares of Archrock in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Finally, Royal Bank of Canada boosted their price objective on Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.17.

Archrock Company Profile

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.