Archrock, Inc. (NYSE:AROC) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its stake in Archrock, Inc. (NYSE:AROC - Free Report) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 356,641 shares of the energy company's stock after selling 48,160 shares during the quarter. Royce & Associates LP owned about 0.20% of Archrock worth $8,877,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in shares of Archrock in the 3rd quarter worth approximately $28,000. Wolverine Asset Management LLC lifted its stake in Archrock by 111.8% during the fourth quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock worth $37,000 after purchasing an additional 14,200 shares in the last quarter. Continuum Advisory LLC lifted its stake in Archrock by 5,621.6% during the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company's stock worth $43,000 after purchasing an additional 2,080 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in shares of Archrock during the third quarter worth $50,000. Finally, Montag A & Associates Inc. acquired a new stake in shares of Archrock in the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 95.45% of the company's stock.

Analyst Upgrades and Downgrades

AROC has been the subject of a number of research analyst reports. Citigroup raised their target price on Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday. 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 report on Friday, November 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $26.67.

Remove Ads

Archrock Stock Down 1.2 %

Shares of Archrock stock traded down $0.32 on Friday, reaching $26.37. 2,606,279 shares of the company were exchanged, compared to its average volume of 1,381,588. Archrock, Inc. has a 1-year low of $17.27 and a 1-year high of $30.44. The stock's 50 day moving average price is $27.23 and its 200-day moving average price is $24.27. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The company has a market cap of $4.62 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 1.60 and a beta of 1.56.

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 dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.88%. This is an increase from Archrock's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, February 12th. Archrock's payout ratio is 73.08%.

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.