Archrock, Inc. (NYSE:AROC) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its stake in shares of Archrock, Inc. (NYSE:AROC) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,888 shares of the energy company’s stock after selling 743 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Archrock were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AROC. Atria Investments Inc lifted its holdings in shares of Archrock by 17.4% in the 4th quarter. Atria Investments Inc now owns 38,313 shares of the energy company’s stock valued at $954,000 after buying an additional 5,665 shares during the period. Barclays PLC lifted its holdings in shares of Archrock by 124.2% in the 3rd quarter. Barclays PLC now owns 302,610 shares of the energy company’s stock valued at $6,125,000 after buying an additional 167,648 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Archrock by 94.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 422,383 shares of the energy company’s stock valued at $8,549,000 after buying an additional 205,241 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Archrock in the 3rd quarter valued at approximately $314,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Archrock by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,358,092 shares of the energy company’s stock valued at $58,693,000 after buying an additional 34,272 shares during the period. 95.45% of the stock is owned by institutional investors and hedge funds.

Archrock Stock Performance

NYSE AROC opened at $26.37 on Friday. Archrock, Inc. has a 1-year low of $17.27 and a 1-year high of $30.44. The company has a market capitalization of $4.62 billion, a P/E ratio of 28.98, a PEG ratio of 1.60 and a beta of 1.56. The business has a 50 day moving average price of $27.23 and a 200 day moving average price of $24.27. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were paid a $0.19 dividend. This is an increase from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.88%. The ex-dividend date was Wednesday, February 12th. Archrock’s dividend payout ratio (DPR) is presently 73.08%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup raised their price target on Archrock from $32.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price target on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a 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, the stock has a consensus rating of “Moderate Buy” and an average 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.