Blue Trust Inc. Has $690,000 Stock Holdings in Archrock, Inc. (NYSE:AROC)

Blue Trust Inc. boosted its holdings in shares of Archrock, Inc. (NYSE:AROC) by 7.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 27,717 shares of the energy company’s stock after buying an additional 1,999 shares during the period. Blue Trust Inc.’s holdings in Archrock were worth $690,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of Archrock by 124.2% during the 3rd quarter. Barclays PLC now owns 302,610 shares of the energy company’s stock valued at $6,125,000 after acquiring an additional 167,648 shares in the last quarter. Verition Fund Management LLC purchased a new position in Archrock in the third quarter valued at about $314,000. JPMorgan Chase & Co. increased its position in Archrock by 94.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 422,383 shares of the energy company’s stock worth $8,549,000 after purchasing an additional 205,241 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Archrock during the 3rd quarter worth about $200,000. Finally, HITE Hedge Asset Management LLC acquired a new stake in shares of Archrock during the 3rd quarter valued at about $10,939,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Price Performance

NYSE AROC opened at $28.91 on Thursday. Archrock, Inc. has a 1 year low of $15.65 and a 1 year high of $30.44. The company has a fifty day simple moving average of $26.30 and a 200 day simple moving average of $22.68. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The company has a market cap of $5.06 billion, a P/E ratio of 31.77, a P/E/G ratio of 1.81 and a beta of 1.58.

Archrock (NYSE:AROC) last released its quarterly earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share (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 net margin of 13.34% and a return on equity of 16.24%. The business’s quarterly 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 earnings per share. On average, sell-side analysts predict that Archrock, Inc. will post 1.12 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Mizuho started coverage on shares of Archrock in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 price objective on the stock. Royal Bank of Canada raised their price target on shares of Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. upped 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.17.

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.