Spire Wealth Management Increases Position in Archrock, Inc. (NYSE:AROC)

Spire Wealth Management increased its stake in Archrock, Inc. (NYSE:AROC - Free Report) by 396.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,657 shares of the energy company's stock after acquiring an additional 44,450 shares during the period. Spire Wealth Management's holdings in Archrock were worth $1,385,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AROC. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Archrock by 0.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company's stock worth $1,025,000 after purchasing an additional 427 shares during the period. Atria Investments Inc lifted its holdings in Archrock by 2.3% in 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% in 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 last quarter. Glenmede Trust Co. NA increased its stake in shares of Archrock by 2.7% during the third quarter. Glenmede Trust Co. NA now owns 31,485 shares of the energy company's stock valued at $637,000 after buying an additional 838 shares during the period. Finally, KBC Group NV raised its holdings in shares of Archrock by 23.6% during the third quarter. KBC Group NV now owns 5,324 shares of the energy company's stock valued at $108,000 after acquiring an additional 1,016 shares in the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AROC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, November 29th. Royal Bank of Canada boosted 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $25.17.

Archrock Stock Down 0.3 %

Shares of Archrock stock traded down $0.09 during trading on Friday, hitting $27.99. The company's stock had a trading volume of 851,822 shares, compared to its average volume of 1,362,001. Archrock, Inc. has a 52 week low of $15.81 and a 52 week high of $30.44. The company has a market capitalization of $4.90 billion, a PE ratio of 30.75, a P/E/G ratio of 1.70 and a beta of 1.57. The company has a fifty day simple moving average of $26.70 and a two-hundred day simple moving average of $22.93. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26.

Archrock (NYSE:AROC - Get Free Report) last announced 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 net margin of 13.34% and a return on equity of 16.24%. The business had revenue of $292.16 million during the quarter, compared to the consensus estimate of $286.19 million. During the same quarter last year, the firm earned $0.20 earnings per share. The business's revenue for the quarter was up 15.3% on a year-over-year basis. Equities research analysts predict that Archrock, Inc. will post 1.12 earnings per share for the current year.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.72%. This is an increase from Archrock's previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, February 12th. Archrock's payout ratio is 83.52%.

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.