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

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

Several other large investors have also recently bought and sold shares of AROC. Smartleaf Asset Management LLC lifted its holdings in Archrock by 338.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,530 shares of the energy company’s stock worth $138,000 after buying an additional 4,269 shares during the last quarter. Williamson Legacy Group LLC purchased a new stake in Archrock during the fourth quarter worth approximately $587,000. US Bancorp DE lifted its stake in Archrock by 101.0% during the fourth quarter. US Bancorp DE now owns 8,590 shares of the energy company’s stock worth $214,000 after purchasing an additional 4,317 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Archrock by 4.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 26,534 shares of the energy company’s stock valued at $660,000 after purchasing an additional 1,126 shares during the last quarter. Finally, Financial Security Advisor Inc. purchased a new position in Archrock in the fourth quarter valued at approximately $229,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AROC. Royal Bank of Canada upped their target price on shares of Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. upped their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note 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, Archrock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.17.

Archrock Stock Performance

Shares of Archrock stock opened at $25.27 on Thursday. The firm’s fifty day simple moving average is $27.32 and its 200-day simple moving average is $23.88. Archrock, Inc. has a 12 month low of $17.26 and a 12 month high of $30.44. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 1.60 and a beta of 1.56. 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 3.01%. Archrock’s payout ratio is currently 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.