Bernzott Capital Advisors Decreases Stake in Archrock, Inc. (NYSE:AROC)

Bernzott Capital Advisors lowered its holdings in Archrock, Inc. (NYSE:AROC - Free Report) by 91.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,170 shares of the energy company's stock after selling 309,673 shares during the quarter. Bernzott Capital Advisors' holdings in Archrock were worth $676,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AROC. Brown Brothers Harriman & Co. purchased a new position in shares of Archrock in the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC acquired a new position in shares of Archrock in the third quarter worth $30,000. Continuum Advisory LLC grew its stake in shares of Archrock by 5,621.6% in the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company's stock worth $43,000 after acquiring an additional 2,080 shares in the last quarter. Millburn Ridgefield Corp purchased a new stake in shares of Archrock during the third quarter worth $50,000. Finally, Quarry LP acquired a new stake in shares of Archrock in the second quarter valued at $52,000. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on AROC. Mizuho began coverage on shares of Archrock in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $24.00 price objective on the stock. Evercore ISI initiated coverage on Archrock in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $24.00 price objective for the company. Citigroup began coverage on shares of Archrock in a research report on Friday, September 27th. They set a "buy" rating and a $24.00 target price on the stock. Royal Bank of Canada upped their price target on shares of Archrock from $26.00 to $27.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of Archrock from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday, November 29th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $25.17.

Archrock Trading Up 0.7 %

Shares of AROC traded up $0.22 during mid-day trading on Friday, reaching $29.78. The company had a trading volume of 1,140,738 shares, compared to its average volume of 1,379,038. Archrock, Inc. has a fifty-two week low of $14.71 and a fifty-two week high of $30.00. The firm has a fifty day simple moving average of $25.30 and a 200-day simple moving average of $22.13. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 1.58 and a beta of 1.58. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73.

Archrock (NYSE:AROC - Get Free Report) last issued its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The firm had revenue of $292.16 million for the quarter, compared to analysts' expectations of $286.19 million. During the same quarter last year, the firm earned $0.20 earnings per share. The firm's revenue for the quarter was up 15.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Archrock, Inc. will post 1.12 EPS for the current fiscal year.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Wednesday, November 6th. This is an increase from Archrock's previous quarterly dividend of $0.17. Archrock's dividend payout ratio (DPR) is currently 76.92%.

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.