Fifth Third Bancorp Has $2.81 Million Stock Holdings in Archrock, Inc. (NYSE:AROC)

Fifth Third Bancorp trimmed its position in Archrock, Inc. (NYSE:AROC - Free Report) by 29.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,942 shares of the energy company's stock after selling 47,711 shares during the quarter. Fifth Third Bancorp owned approximately 0.06% of Archrock worth $2,811,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its position in shares of Archrock by 0.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company's stock worth $1,025,000 after buying an additional 427 shares during the period. Atria Investments Inc grew its position in shares of Archrock by 2.3% during the 3rd quarter. Atria Investments Inc now owns 32,648 shares of the energy company's stock worth $661,000 after buying an additional 746 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of Archrock by 1.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 48,091 shares of the energy company's stock worth $1,197,000 after buying an additional 796 shares during the period. Glenmede Trust Co. NA grew its position in shares of Archrock by 2.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 31,485 shares of the energy company's stock worth $637,000 after buying an additional 838 shares during the period. Finally, KBC Group NV grew its position in shares of Archrock by 23.6% during the 3rd quarter. KBC Group NV now owns 5,324 shares of the energy company's stock worth $108,000 after buying an additional 1,016 shares during the period. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AROC shares. JPMorgan Chase & Co. lifted their price objective on Archrock from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Royal Bank of Canada lifted their price objective on Archrock from $26.00 to $27.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $25.17.

Archrock Stock Down 6.4 %

Shares of AROC traded down $1.91 during mid-day trading on Friday, hitting $28.08. 2,003,180 shares of the company's stock were exchanged, compared to its average volume of 1,423,360. The company has a market cap of $4.92 billion, a PE ratio of 30.85, a P/E/G ratio of 1.75 and a beta of 1.58. Archrock, Inc. has a 52 week low of $15.65 and a 52 week high of $30.44. The company has a 50-day simple moving average of $26.38 and a 200 day simple moving average of $22.74. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82.

Archrock (NYSE:AROC - Get Free Report) last issued its quarterly earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share for the quarter, topping the consensus estimate 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% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS. On average, research analysts forecast that Archrock, Inc. will post 1.12 earnings per share for the current fiscal year.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Wednesday, February 12th. This is an increase from Archrock's previous quarterly dividend of $0.18. Archrock's dividend payout ratio is presently 76.92%.

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.