Exchange Traded Concepts LLC Increases Stock Holdings in Archrock, Inc. (NYSE:AROC)

Exchange Traded Concepts LLC increased its stake in shares of Archrock, Inc. (NYSE:AROC) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 369,165 shares of the energy company’s stock after purchasing an additional 15,824 shares during the period. Exchange Traded Concepts LLC’s holdings in Archrock were worth $9,189,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC increased its position in shares of Archrock by 23.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,296 shares of the energy company’s stock worth $289,000 after acquiring an additional 2,695 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Archrock by 91.0% during the second quarter. Hsbc Holdings PLC now owns 90,546 shares of the energy company’s stock worth $1,820,000 after buying an additional 43,130 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Archrock by 3.4% in the second quarter. Pacer Advisors Inc. now owns 67,264 shares of the energy company’s stock worth $1,360,000 after buying an additional 2,198 shares during the last quarter. Bank of Montreal Can raised its holdings in Archrock by 10.3% in the second quarter. Bank of Montreal Can now owns 62,666 shares of the energy company’s stock valued at $1,267,000 after acquiring an additional 5,830 shares in the last quarter. Finally, Point72 DIFC Ltd boosted its stake in Archrock by 562.7% during the 2nd quarter. Point72 DIFC Ltd now owns 19,677 shares of the energy company’s stock valued at $398,000 after acquiring an additional 16,708 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Analyst Upgrades and Downgrades

AROC has been the subject of several research analyst reports. Royal Bank of Canada boosted their target price on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Mizuho assumed coverage on Archrock in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 price objective for the company. Citigroup began coverage on Archrock in a report on Friday, September 27th. They set a “buy” rating and a $24.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.17.

Archrock Stock Performance

AROC stock opened at $29.76 on Friday. The stock’s fifty day moving average is $26.07 and its two-hundred day moving average is $22.52. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 1.81 and a beta of 1.58. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. Archrock, Inc. has a 1 year low of $15.65 and a 1 year high of $30.44.

Archrock (NYSE:AROC) last posted its earnings results on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $292.16 million during the quarter, compared to analysts’ expectations of $286.19 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. Archrock’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 EPS. On average, research analysts predict that Archrock, Inc. will post 1.12 EPS for the current year.

Archrock 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.