Great Lakes Advisors LLC Trims Holdings in Archrock, Inc. (NYSE:AROC)

Great Lakes Advisors LLC decreased its position in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 383,830 shares of the energy company's stock after selling 20,180 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.22% of Archrock worth $9,554,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new position in shares of Archrock during the 3rd quarter worth $28,000. Wolverine Asset Management LLC grew its position in shares of Archrock by 111.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock worth $37,000 after buying an additional 14,200 shares in the last quarter. Continuum Advisory LLC grew its position in shares of Archrock by 5,621.6% during the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company's stock worth $43,000 after buying an additional 2,080 shares in the last quarter. Montag A & Associates Inc. bought a new position in shares of Archrock during the 4th quarter worth $55,000. Finally, Millburn Ridgefield Corp bought a new position in shares of Archrock during the 3rd quarter worth $50,000. Institutional investors own 95.45% of the company's stock.

Archrock Stock Down 1.5 %

AROC stock traded down $0.37 during trading on Thursday, reaching $24.09. 1,484,426 shares of the company traded hands, compared to its average volume of 1,427,338. Archrock, Inc. has a 12 month low of $17.26 and a 12 month high of $30.44. The business has a 50 day simple moving average of $27.22 and a 200 day simple moving average of $24.02. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 1.60 and a beta of 1.56. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26.

Remove Ads

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.16%. The ex-dividend date was Wednesday, February 12th. This is an increase from Archrock's previous quarterly dividend of $0.18. Archrock's dividend payout ratio (DPR) is currently 73.08%.

Analyst Ratings Changes

AROC has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price target on Archrock from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. Royal Bank of Canada raised their price objective on Archrock from $26.00 to $27.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.