Royce & Associates LP Sells 48,160 Shares of Archrock, Inc. (NYSE:AROC)

Royce & Associates LP cut its position in Archrock, Inc. (NYSE:AROC) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 356,641 shares of the energy company’s stock after selling 48,160 shares during the quarter. Royce & Associates LP owned approximately 0.20% of Archrock worth $8,877,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AROC. State Street Corp grew its position in shares of Archrock by 11.5% in the 3rd quarter. State Street Corp now owns 6,836,745 shares of the energy company’s stock worth $138,376,000 after buying an additional 707,379 shares during the last quarter. Geode Capital Management LLC grew its holdings in Archrock by 16.0% in the third quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company’s stock worth $76,826,000 after purchasing an additional 523,825 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Archrock by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,358,092 shares of the energy company’s stock worth $58,693,000 after purchasing an additional 34,272 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Archrock by 5.5% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 1,614,264 shares of the energy company’s stock valued at $40,179,000 after purchasing an additional 83,824 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Archrock during the 4th quarter valued at $36,241,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Trading Up 0.0 %

Shares of NYSE:AROC opened at $25.70 on Wednesday. The business has a 50-day moving average price of $27.17 and a 200-day moving average price of $24.19. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 1.60 and a beta of 1.56. Archrock, Inc. has a 52-week low of $17.27 and a 52-week high of $30.44. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73.

Archrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were issued a $0.19 dividend. This is an increase from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Wednesday, February 12th. Archrock’s dividend payout ratio is 73.08%.

Analyst Ratings Changes

Several research analysts recently issued reports on AROC shares. JPMorgan Chase & Co. upped their target price on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Citigroup upped their price objective on shares of Archrock from $32.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.67.

Archrock Company 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.