NBW Capital LLC Lowers Stake in Archrock, Inc. (NYSE:AROC)

NBW Capital LLC lowered its stake in shares of Archrock, Inc. (NYSE:AROC) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 368,134 shares of the energy company’s stock after selling 19,906 shares during the period. NBW Capital LLC’s holdings in Archrock were worth $5,669,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Archrock by 2.1% during the second quarter. BlackRock Inc. now owns 24,365,307 shares of the energy company’s stock worth $249,744,000 after buying an additional 506,399 shares during the period. Vanguard Group Inc. increased its position in shares of Archrock by 5.9% during the third quarter. Vanguard Group Inc. now owns 17,248,507 shares of the energy company’s stock worth $110,735,000 after purchasing an additional 963,291 shares in the last quarter. Earnest Partners LLC increased its position in shares of Archrock by 2.7% during the third quarter. Earnest Partners LLC now owns 12,552,460 shares of the energy company’s stock worth $158,161,000 after purchasing an additional 327,411 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Archrock by 6.5% during the first quarter. Dimensional Fund Advisors LP now owns 10,007,219 shares of the energy company’s stock worth $97,770,000 after purchasing an additional 610,186 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Archrock by 18.3% during the first quarter. Invesco Ltd. now owns 9,454,203 shares of the energy company’s stock worth $87,262,000 after purchasing an additional 1,462,659 shares in the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Archrock Stock Down 0.7 %

Shares of AROC stock traded down $0.14 during trading hours on Thursday, reaching $18.93. 420,297 shares of the company’s stock were exchanged, compared to its average volume of 1,310,791. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.82. The stock’s 50 day moving average is $18.77 and its 200-day moving average is $15.94. Archrock, Inc. has a fifty-two week low of $8.78 and a fifty-two week high of $21.40. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 2.80 and a beta of 1.59.

Archrock (NYSE:AROC) last released its earnings results on Wednesday, February 21st. The energy company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Archrock had a return on equity of 12.63% and a net margin of 10.60%. The firm had revenue of $259.60 million for the quarter, compared to the consensus estimate of $252.42 million. During the same period in the prior year, the firm earned $0.07 EPS. The firm’s revenue was up 18.6% on a year-over-year basis. Analysts predict that Archrock, Inc. will post 0.99 earnings per share for the current fiscal year.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 3.49%. This is an increase from Archrock’s previous quarterly dividend of $0.16. The ex-dividend date was Monday, February 5th. Archrock’s dividend payout ratio is presently 98.51%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upped their price target on Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Archrock currently has a consensus rating of “Moderate Buy” and an average price target of $17.67.

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.