Dimensional Fund Advisors LP has $193.14M position in Archrock, Inc. (NYSE:AROC)

Dimensional Fund Advisors LP reduced its position in Archrock, Inc. (NYSE:AROC – Free Report) by 3.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,552,046 shares of the energy company’s stock after selling 392,409 shares during the quarter. Dimensional Fund Advisors LP owned about 6.11% of Archrock worth $193,141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blackstone Inc. boosted its position in shares of Archrock by 4,211.9% in the fourth quarter. Blackstone Inc. now owns 5,903,142 shares of the energy company’s stock valued at $90,908,000 after acquiring an additional 5,766,237 shares during the period. Sei Investments Co. raised its position in shares of Archrock by 37.7% during the 4th quarter. Sei Investments Co. now owns 5,113,865 shares of the energy company’s stock worth $78,753,000 after purchasing an additional 1,399,309 shares during the last quarter. Boston Partners acquired a new position in shares of Archrock in the first quarter worth about $24,875,000. Norges Bank bought a new position in shares of Archrock during the fourth quarter valued at approximately $15,958,000. Finally, Vanguard Group Inc. grew its position in shares of Archrock by 4.9% in the first quarter. Vanguard Group Inc. now owns 18,321,555 shares of the energy company’s stock valued at $360,385,000 after purchasing an additional 849,750 shares in the last quarter. 95.45% of shares are owned by institutional investors and hedge funds.

Analysts on Wall Street are forecasting an increase

A number of equities research analysts have recently issued reports on AROC shares. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 target price on shares of Archrock in a research report on Wednesday, August 7th. Stifel Nicolaus upped their target price on Archrock from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. StockNews.com lowered shares of Archrock from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Archrock in a report on Friday, September 6th. They issued an “overweight” rating and a $24.00 target price on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.50, according to data from MarketBeat.

Check out the latest stock report on AROC

Archrock Price Performance

Shares of Archrock opened at $20.88 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.94, and a current ratio of 1.53. Archrock, Inc. it has a 52 week low of $11.73 and a 52 week high of $23.44. The stock has a market cap of $3.26 billion, a P/E ratio of 25.15 and a beta of 1.51. The stock has a fifty day moving average of $20.14 and a 200 day moving average of $19.84.

Archrock (NYSE:AROC – Get Free Report ) last posted its earnings results on Tuesday, July 30th. The energy company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Archrock had a return on equity of 16.35% and a net margin of 13.20%. The firm had revenue of $270.53 million during the quarter, compared to the consensus estimate of $270.61 million. On average, sell-side analysts expect that Archrock, Inc. to post 1.07 earnings per share for the current fiscal year.

Archrock announces dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were paid a $0.165 dividend. This represents an annualized dividend of $0.66 and a yield of 3.16%. The ex-dividend date of this dividend was Tuesday, August 6th. Archrock’s payout ratio is 79.52%.

Archrock 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 design, supply, ownership, installation, operation, service, repair and maintenance of the fleet of natural gas compression equipment owned to provide natural gas compression services.

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