Mackenzie Financial Corp acquires 3,850 shares of Archrock, Inc. (NYSE:AROC)

Mackenzie Financial Corp raised its holdings in Archrock, Inc. (NYSE:AROC – Free Report) by 10.9% during the second quarter, Holdings Channel.com reports. The fund owned 39,182 shares of the energy company’s stock after buying an additional 3,850 shares during the period. Mackenzie Financial Corp’s holdings in Archrock were worth $792,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AROC. 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 worth $360,385,000 after buying an additional 849,750 shares during the period. Earnest Partners LLC grew its holdings in Archrock by 2.6% in the first quarter. Earnest Partners LLC now owns 14,007,955 shares of the energy company’s stock valued at $275,536,000 after buying an additional 351,391 shares during the period. Blackstone Inc. raised its stake in 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 purchasing an additional 5,766,237 shares in the last quarter. Sei Investments Co. raised its holdings in Archrock by 5.8% in the first quarter. Sei Investments Co. now owns 5,409,863 shares of the energy company’s stock worth $106,412,000 after buying an additional 295,998 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Archrock by 20.5% during the second quarter. American Century Companies Inc. now owns 3,958,281 shares of the energy company’s stock worth $80,036,000 after buying an additional 672,663 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s shares.

Archrock Price Performance

NYSE AROC opened at $21.81 on Friday. The company’s 50-day moving average is $19.81 and its 200-day moving average is $20.03. The company has a quick ratio of 0.94, a current ratio of 1.53, and a debt-to-equity ratio of 1.80. The company has a market cap of $3.41 billion, a PE ratio of 26.27 and a beta of 1.51. Archrock, Inc. has a 12-month low of $11.73 and a 12-month high of $23.44.

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

Archrock announces dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents an annualized dividend of $0.66 and a yield of 3.03%. Archrock’s payout ratio is currently 79.52%.

The Wall Street analyst weighs in

A number of analysts have recently commented on AROC shares. Citigroup initiated coverage on shares of Archrock in a research report on Friday, September 27th. They issued a “buy” rating and a $24.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 target price on shares of Archrock in a research report on Wednesday, August 7th. Stifel Nicolaus boosted their price objective on Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Mizuho began coverage on shares of Archrock in a report on Wednesday. They set an “outperform” rating and a $24.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Archrock in a report on Friday, September 6th. They issued an “overweight” rating and a $24.00 price target for the company. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Archrock presently has an average rating of “Moderate Buy” and a consensus price target of $22.57, according to MarketBeat .

Check out the latest stock analysis on AROC

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

See Also

Want to see what other hedge funds AROC owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Archrock, Inc. (NYSE:AROC – Free Report).

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