B. Riley Wealth Advisors Inc. Has $1.03 Million Position in Archrock, Inc. (NYSE:AROC)

B. Riley Wealth Advisors Inc. boosted its position in Archrock, Inc. (NYSE:AROC) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,654 shares of the energy company’s stock after buying an additional 427 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Archrock were worth $1,025,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP raised its holdings in shares of Archrock by 1,680.2% in the third quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company’s stock valued at $30,976,000 after purchasing an additional 1,444,471 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in Archrock during the 3rd quarter worth about $22,108,000. Millennium Management LLC boosted its stake in shares of Archrock by 60.3% during the 2nd quarter. Millennium Management LLC now owns 2,343,652 shares of the energy company’s stock worth $47,389,000 after buying an additional 882,024 shares during the last quarter. State Street Corp boosted its stake in shares of Archrock by 11.5% during the 3rd quarter. State Street Corp now owns 6,836,745 shares of the energy company’s stock worth $138,376,000 after buying an additional 707,379 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Archrock by 20.5% in the 2nd quarter. American Century Companies Inc. now owns 3,958,281 shares of the energy company’s stock valued at $80,036,000 after acquiring an additional 672,663 shares in the last quarter. Institutional investors own 95.45% of the company’s stock.

Archrock Price Performance

Shares of NYSE:AROC opened at $25.59 on Wednesday. Archrock, Inc. has a one year low of $14.39 and a one year high of $27.05. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 28.23 and a beta of 1.59. The firm has a 50 day simple moving average of $23.09 and a 200 day simple moving average of $21.14.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $292.16 million during the quarter, compared to analysts’ expectations of $286.19 million. Archrock had a return on equity of 16.24% and a net margin of 13.34%. Archrock’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 EPS. Research analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current fiscal 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 paid a $0.175 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.70 annualized dividend and a dividend yield of 2.74%. This is an increase from Archrock’s previous quarterly dividend of $0.17. Archrock’s dividend payout ratio is currently 76.92%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AROC. Mizuho began coverage on Archrock in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 price target for the company. JPMorgan Chase & Co. raised their target price on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Royal Bank of Canada upped their price target 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. Citigroup assumed 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. Finally, Evercore ISI initiated coverage on shares of Archrock in a report on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Archrock presently has an average 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.