Archrock, Inc. (NYSE:AROC) Shares Sold by Blue Trust Inc.

Blue Trust Inc. reduced its stake in shares of Archrock, Inc. (NYSE:AROC) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,847 shares of the energy company’s stock after selling 1,871 shares during the period. Blue Trust Inc.’s holdings in Archrock were worth $594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Archrock by 11.5% during the 3rd quarter. State Street Corp now owns 6,836,745 shares of the energy company’s stock worth $138,376,000 after purchasing an additional 707,379 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Archrock by 16.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company’s stock worth $76,826,000 after purchasing an additional 523,825 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Archrock by 13.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,323,820 shares of the energy company’s stock worth $47,034,000 after purchasing an additional 274,763 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its holdings in shares of Archrock by 1,680.2% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company’s stock worth $30,976,000 after purchasing an additional 1,444,471 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new position in shares of Archrock during the 3rd quarter worth approximately $22,108,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Royal Bank of Canada lifted their price target on shares of Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. lifted their price target 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.17.

Archrock Stock Up 0.1 %

Shares of NYSE AROC opened at $27.60 on Monday. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 1.70 and a beta of 1.57. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. Archrock, Inc. has a 52-week low of $16.34 and a 52-week high of $30.44. The business’s 50 day moving average is $26.96 and its two-hundred day moving average is $23.20.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th will be given a $0.19 dividend. This is a positive change from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.76 dividend on an annualized basis and a yield of 2.75%. Archrock’s payout ratio is presently 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.