Victory Capital Management Inc. Has $11.75 Million Holdings in Archrock, Inc. (NYSE:AROC)

Victory Capital Management Inc. cut its stake in Archrock, Inc. (NYSE:AROC - Free Report) by 10.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 580,316 shares of the energy company's stock after selling 67,289 shares during the period. Victory Capital Management Inc. owned 0.34% of Archrock worth $11,746,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AROC. UniSuper Management Pty Ltd acquired a new stake in Archrock in the first quarter worth about $852,000. Algert Global LLC raised its position in shares of Archrock by 175.7% during the second quarter. Algert Global LLC now owns 567,240 shares of the energy company's stock worth $11,470,000 after purchasing an additional 361,520 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of Archrock during the third quarter valued at $200,000. Quest Partners LLC increased its stake in Archrock by 145.8% in the 2nd quarter. Quest Partners LLC now owns 76,650 shares of the energy company's stock worth $1,550,000 after purchasing an additional 45,466 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Archrock by 93.5% during the 3rd quarter. Van ECK Associates Corp now owns 68,251 shares of the energy company's stock worth $1,383,000 after buying an additional 32,971 shares during the period. 95.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AROC shares. Stifel Nicolaus lifted their target price on shares of Archrock from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. Mizuho started coverage on Archrock in a report on Wednesday, October 2nd. They set an "outperform" rating and a $24.00 price target on the stock. Citigroup started coverage on shares of Archrock in a research report on Friday, September 27th. They issued a "buy" rating and a $24.00 price target for the company. Royal Bank of Canada boosted their target price on Archrock from $26.00 to $27.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th. Finally, Evercore ISI began coverage on Archrock in a report on Wednesday, September 25th. They set an "outperform" rating and a $24.00 price target for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.67.

Archrock Stock Down 0.9 %

Shares of AROC stock opened at $24.32 on Thursday. The stock's 50 day simple moving average is $21.15 and its 200 day simple moving average is $20.41. Archrock, Inc. has a twelve month low of $13.95 and a twelve month high of $24.71. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 26.72 and a beta of 1.52.

Archrock (NYSE:AROC - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $286.19 million. During the same period in the prior year, the firm earned $0.20 EPS. Archrock's quarterly revenue was up 15.3% compared to the same quarter last year. As a group, research analysts predict that Archrock, Inc. will post 1.09 EPS 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 $0.175 dividend. This is an increase from Archrock's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.70 annualized dividend and a dividend yield of 2.88%. Archrock's dividend payout ratio (DPR) is presently 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.