Thrivent Financial for Lutherans Lowers Stock Position in Archrock, Inc. (NYSE:AROC)

Thrivent Financial for Lutherans trimmed its position in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 20.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 593,538 shares of the energy company's stock after selling 152,782 shares during the period. Thrivent Financial for Lutherans owned 0.34% of Archrock worth $14,773,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of 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 lifted its holdings in Archrock by 111.8% during the fourth quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock valued at $37,000 after purchasing an additional 14,200 shares during the last quarter. Continuum Advisory LLC boosted its position 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 during the period. Millburn Ridgefield Corp purchased a new position in shares of Archrock in the third quarter worth about $50,000. Finally, Montag A & Associates Inc. purchased a new position in shares of Archrock in the fourth quarter worth about $55,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on AROC. Citigroup raised their price objective on shares of Archrock from $32.00 to $33.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. raised their price target on Archrock from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Friday, November 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $26.67.

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Archrock Price Performance

NYSE AROC traded down $0.13 on Tuesday, hitting $27.18. The stock had a trading volume of 1,102,751 shares, compared to its average volume of 1,380,722. The firm has a 50-day moving average of $27.21 and a 200-day moving average of $24.46. 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, Inc. has a 52-week low of $17.27 and a 52-week high of $30.44. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 1.60 and a beta of 1.56.

Archrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.80%. 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 73.08%.

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.