Archrock, Inc. (NYSE:AROC) Shares Sold by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. decreased its holdings in shares of Archrock, Inc. (NYSE:AROC) by 21.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,642 shares of the energy company’s stock after selling 1,526 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Archrock were worth $140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. purchased a new position in shares of Archrock during the 3rd quarter worth $28,000. Wolverine Asset Management LLC lifted its position in Archrock by 111.8% in the fourth quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock valued at $37,000 after buying an additional 14,200 shares during the last quarter. Continuum Advisory LLC boosted its stake in Archrock by 5,621.6% during the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock worth $43,000 after buying an additional 2,080 shares during the period. Montag A & Associates Inc. acquired a new stake in shares of Archrock during the fourth quarter valued at about $55,000. Finally, Millburn Ridgefield Corp purchased a new stake in shares of Archrock in the 3rd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AROC shares. Royal Bank of Canada increased their price objective on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised their price target on Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Archrock currently has an average rating of “Moderate Buy” and a consensus target price of $25.17.

Archrock Price Performance

Shares of AROC opened at $25.27 on Thursday. Archrock, Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $30.44. The firm’s 50 day moving average price is $27.32 and its 200 day moving average price is $23.88. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The company has a market cap of $4.43 billion, a P/E ratio of 27.77, a PEG ratio of 1.60 and a beta of 1.56.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.01%. This is a boost from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, February 12th. Archrock’s payout ratio is presently 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.