NBW Capital LLC Sells 20,786 Shares of Archrock, Inc. (NYSE:AROC)

NBW Capital LLC reduced its stake in Archrock, Inc. (NYSE:AROC - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 248,894 shares of the energy company's stock after selling 20,786 shares during the period. NBW Capital LLC owned approximately 0.14% of Archrock worth $6,195,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AROC. State Street Corp raised its holdings in Archrock by 11.5% in the 3rd quarter. State Street Corp now owns 6,836,745 shares of the energy company's stock worth $138,376,000 after acquiring an additional 707,379 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Archrock by 16.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company's stock worth $76,826,000 after purchasing an additional 523,825 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Archrock by 13.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,323,820 shares of the energy company's stock worth $47,034,000 after purchasing an additional 274,763 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Archrock by 1,680.2% during 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 in the last quarter. Finally, Eagle Asset Management Inc. purchased a new stake in shares of Archrock during the third quarter valued at $22,108,000. 95.45% of the stock is currently owned by institutional investors.

Archrock Stock Performance

Shares of NYSE:AROC traded up $0.03 during midday trading on Wednesday, hitting $25.14. The company had a trading volume of 764,988 shares, compared to its average volume of 1,344,201. Archrock, Inc. has a 12-month low of $17.26 and a 12-month high of $30.44. The company has a fifty day moving average of $27.32 and a two-hundred day moving average of $23.87. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 1.60 and a beta of 1.56. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.02%. This is a positive change from Archrock's previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. Archrock's dividend payout ratio is currently 73.08%.

Wall Street Analyst Weigh In

A number of research firms have commented on AROC. Royal Bank of Canada lifted their target price 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. JPMorgan Chase & Co. lifted their price objective on Archrock from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Friday, November 29th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Archrock has a consensus rating of "Moderate Buy" and a consensus target price of $25.17.

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.