1,400 Shares in Archrock, Inc. (NYSE:AROC) Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. bought a new stake in shares of Archrock, Inc. (NYSE:AROC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,400 shares of the energy company’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Archrock by 16.6% during the second quarter. GAMMA Investing LLC now owns 4,052 shares of the energy company’s stock valued at $82,000 after buying an additional 578 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Archrock by 0.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 84,245 shares of the energy company’s stock worth $1,658,000 after acquiring an additional 710 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Archrock by 6.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,373 shares of the energy company’s stock worth $230,000 after acquiring an additional 713 shares during the period. Atria Investments Inc raised its holdings in shares of Archrock by 2.3% during the third quarter. Atria Investments Inc now owns 32,648 shares of the energy company’s stock valued at $661,000 after purchasing an additional 746 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Archrock by 2.2% during the second quarter. Van ECK Associates Corp now owns 35,280 shares of the energy company’s stock valued at $713,000 after purchasing an additional 753 shares during the period. Institutional investors own 95.45% of the company’s stock.

Archrock Stock Performance

Shares of AROC opened at $24.92 on Friday. The business has a 50-day simple moving average of $21.91 and a two-hundred day simple moving average of $20.65. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. Archrock, Inc. has a 52 week low of $13.95 and a 52 week high of $26.36. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 27.38 and a beta of 1.52.

Archrock (NYSE:AROC) last released its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The company had revenue of $292.16 million during the quarter, compared to analyst estimates of $286.19 million. During the same period in the prior year, the firm posted $0.20 EPS. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, analysts expect that Archrock, Inc. will post 1.09 EPS for the current year.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 2.81%. This is an increase from Archrock’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, November 6th. Archrock’s dividend payout ratio (DPR) is presently 76.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AROC shares. Evercore ISI assumed coverage on shares of Archrock in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 target price for the company. Citigroup started coverage on Archrock in a research report on Friday, September 27th. They set a “buy” rating and a $24.00 price objective for the company. JPMorgan Chase & Co. started coverage on Archrock in a report on Friday, September 6th. They issued an “overweight” rating and a $24.00 target price on the stock. Mizuho began coverage on Archrock in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 price target for the company. Finally, Royal Bank of Canada increased their price objective on shares of 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 issued a buy rating to the stock. According to MarketBeat.com, Archrock currently has an average rating of “Moderate Buy” and an average target price of $24.67.

About Archrock

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.