US Bancorp DE Cuts Stock Holdings in Archrock, Inc. (NYSE:AROC)

US Bancorp DE lessened its holdings in Archrock, Inc. (NYSE:AROC) by 15.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,273 shares of the energy company’s stock after selling 784 shares during the period. US Bancorp DE’s holdings in Archrock were worth $86,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wolff Wiese Magana LLC purchased a new stake in Archrock during the third quarter worth $30,000. Allspring Global Investments Holdings LLC bought a new stake in Archrock during the first quarter valued at about $43,000. Quarry LP purchased a new position in Archrock in the second quarter valued at about $52,000. CWM LLC raised its holdings in Archrock by 382.0% in the second quarter. CWM LLC now owns 3,591 shares of the energy company’s stock worth $73,000 after purchasing an additional 2,846 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Archrock by 16.6% during the second quarter. GAMMA Investing LLC now owns 4,052 shares of the energy company’s stock valued at $82,000 after buying an additional 578 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AROC has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price objective on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday. Mizuho started coverage on Archrock in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 price objective for the company. Stifel Nicolaus upped their target price on Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. began coverage on Archrock in a report on Friday, September 6th. They issued an “overweight” rating and a $24.00 price target for the company. Finally, Evercore ISI started coverage on shares of Archrock in a report on Wednesday, September 25th. They set an “outperform” rating and a $24.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.67.

Archrock Trading Down 0.2 %

Shares of NYSE:AROC opened at $23.22 on Friday. The business has a 50-day moving average price of $20.92 and a 200-day moving average price of $20.34. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 25.52 and a beta of 1.52. Archrock, Inc. has a 52-week low of $13.89 and a 52-week high of $24.71. The company has a quick ratio of 0.94, a current ratio of 1.26 and a debt-to-equity ratio of 1.73.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $292.16 million during the quarter, compared to analysts’ expectations of $286.19 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 EPS. Equities analysts predict that Archrock, Inc. will post 1.13 EPS for the current year.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Wednesday, November 6th. This is a boost from Archrock’s previous quarterly dividend of $0.17. Archrock’s payout ratio is 76.92%.

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.