Sanctuary Advisors LLC Reduces Stock Position in Archrock, Inc. (NYSE:AROC)

Sanctuary Advisors LLC decreased its stake in shares of Archrock, Inc. (NYSE:AROC) by 5.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 61,220 shares of the energy company’s stock after selling 3,872 shares during the quarter. Sanctuary Advisors LLC’s holdings in Archrock were worth $1,239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its stake 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. Verition Fund Management LLC purchased a new stake in Archrock in the 3rd quarter valued at about $314,000. Algert Global LLC lifted its position in Archrock by 175.7% in the second quarter. Algert Global LLC now owns 567,240 shares of the energy company’s stock valued at $11,470,000 after buying an additional 361,520 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Archrock in the third quarter valued at about $200,000. Finally, Quest Partners LLC increased its position in shares of Archrock by 145.8% during the second quarter. Quest Partners LLC now owns 76,650 shares of the energy company’s stock valued at $1,550,000 after acquiring an additional 45,466 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank of Canada upped their price objective on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. boosted their price target on shares of Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Mizuho began coverage on Archrock in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 price objective on the stock. Citigroup began coverage on Archrock in a report on Friday, September 27th. They set a “buy” rating and a $24.00 price target on the stock. Finally, Evercore ISI assumed coverage on Archrock in a research report on Wednesday, September 25th. They set an “outperform” rating and a $24.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.17.

Archrock Trading Up 2.2 %

AROC opened at $24.55 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. Archrock, Inc. has a one year low of $14.39 and a one year high of $27.05. The company has a market cap of $4.30 billion, a P/E ratio of 26.98 and a beta of 1.59. The business’s 50-day simple moving average is $23.35 and its 200-day simple moving average is $21.27.

Archrock (NYSE:AROC) last released its quarterly earnings data on Monday, November 11th. The energy company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $292.16 million for 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 firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the company earned $0.20 earnings per share. As a group, equities research analysts expect that Archrock, Inc. will post 1.09 EPS for the current fiscal year.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, November 6th were given a $0.175 dividend. The ex-dividend date was Wednesday, November 6th. This is a boost from Archrock’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a yield of 2.85%. Archrock’s payout ratio is 76.92%.

Archrock Company 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.