Archrock, Inc. (NYSE:AROC) Shares Sold by NBW Capital LLC

NBW Capital LLC reduced its position in Archrock, Inc. (NYSE:AROC) by 7.7% in the 4th quarter, Holdings Channel reports. The firm owned 248,894 shares of the energy company’s stock after selling 20,786 shares during the quarter. NBW Capital LLC’s holdings in Archrock were worth $6,195,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new position in Archrock in the 3rd quarter valued at $28,000. Wolverine Asset Management LLC raised its stake in Archrock by 111.8% in the 4th 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 raised its stake in Archrock by 5,621.6% in the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock valued at $43,000 after purchasing an additional 2,080 shares during the last quarter. Millburn Ridgefield Corp acquired a new position in Archrock in the 3rd quarter valued at $50,000. Finally, Montag A & Associates Inc. acquired a new position in Archrock in the 4th quarter valued at $55,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AROC has been the subject of several analyst reports. Royal Bank of Canada upped 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. JPMorgan Chase & Co. upped their target price on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, November 29th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Archrock presently has an average rating of “Moderate Buy” and an average target price of $25.17.

Archrock Stock Performance

NYSE AROC opened at $25.97 on Tuesday. The stock has a market cap of $4.55 billion, a PE ratio of 28.54, a P/E/G ratio of 1.60 and a beta of 1.57. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. Archrock, Inc. has a twelve month low of $17.26 and a twelve month high of $30.44. The stock has a fifty day simple moving average of $27.31 and a 200-day simple moving average of $23.83.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.93%. Archrock’s dividend payout ratio is currently 73.08%.

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.