Archrock, Inc. (NYSE:AROC) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 56.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 572,227 shares of the energy company's stock after purchasing an additional 205,419 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.34% of Archrock worth $11,582,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Archrock by 6.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,373 shares of the energy company's stock worth $230,000 after buying an additional 713 shares in the last quarter. Atria Investments Inc boosted its holdings in Archrock by 2.3% in the third quarter. Atria Investments Inc now owns 32,648 shares of the energy company's stock valued at $661,000 after purchasing an additional 746 shares during the period. Van ECK Associates Corp grew its stake in Archrock by 2.2% during the 2nd quarter. Van ECK Associates Corp now owns 35,280 shares of the energy company's stock worth $713,000 after purchasing an additional 753 shares in the last quarter. Arizona State Retirement System grew its stake in Archrock by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 41,565 shares of the energy company's stock worth $840,000 after purchasing an additional 821 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its holdings in Archrock by 2.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 31,485 shares of the energy company's stock worth $637,000 after purchasing an additional 838 shares during the period. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on AROC. Mizuho began coverage on Archrock in a research note on Wednesday, October 2nd. They issued an "outperform" rating and a $24.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on shares of Archrock from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday, November 29th. Citigroup began coverage on shares of Archrock in a research report on Friday, September 27th. They issued a "buy" rating and a $24.00 price objective on the stock. Evercore ISI began coverage on shares of Archrock in a research report on Wednesday, September 25th. They set an "outperform" rating and a $24.00 price objective for the company. Finally, Royal Bank of Canada increased their target price on Archrock from $26.00 to $27.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.17.

Archrock Stock Performance

Shares of NYSE AROC traded down $0.76 during trading hours on Friday, reaching $25.45. The stock had a trading volume of 1,268,662 shares, compared to its average volume of 1,309,763. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 27.97 and a beta of 1.59. The firm has a 50-day moving average of $22.51 and a 200-day moving average of $20.87. Archrock, Inc. has a fifty-two week low of $14.23 and a fifty-two week high of $26.36.

Archrock (NYSE:AROC - Get Free Report) last released its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $286.19 million. During the same period last year, the company earned $0.20 earnings per share. The company's quarterly revenue was up 15.3% on a year-over-year basis. Equities research analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.175 per share. The ex-dividend date was Wednesday, November 6th. This is a boost from Archrock's previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 2.75%. Archrock's payout ratio is currently 76.92%.

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.