Royce & Associates LP Lowers Position in Archrock, Inc. (NYSE:AROC)

Royce & Associates LP trimmed its position in shares of Archrock, Inc. (NYSE:AROC) by 11.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 356,641 shares of the energy company’s stock after selling 48,160 shares during the period. Royce & Associates LP’s holdings in Archrock were worth $8,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. purchased a new position in Archrock in the fourth quarter valued at $242,000. Natixis Advisors LLC increased its stake in shares of Archrock by 27.2% in the 4th quarter. Natixis Advisors LLC now owns 909,003 shares of the energy company’s stock valued at $22,625,000 after purchasing an additional 194,352 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Archrock in the 4th quarter valued at about $443,000. Swiss National Bank raised its holdings in Archrock by 7.4% in the 4th quarter. Swiss National Bank now owns 311,200 shares of the energy company’s stock worth $7,746,000 after purchasing an additional 21,400 shares during the period. Finally, Kayne Anderson Capital Advisors LP grew its holdings in Archrock by 5.5% in the fourth 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 period. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Archrock Trading Up 0.0 %

Shares of AROC stock opened at $25.70 on Wednesday. Archrock, Inc. has a fifty-two week low of $17.27 and a fifty-two week high of $30.44. The firm has a market capitalization of $4.50 billion, a P/E ratio of 28.24, a PEG ratio of 1.60 and a beta of 1.56. The stock’s fifty day moving average is $27.17 and its two-hundred day moving average is $24.19. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 2.96%. Archrock’s payout ratio is presently 73.08%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AROC. Citigroup increased their target price on Archrock from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Archrock presently has an average rating of “Moderate Buy” and a consensus target price of $26.67.

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.