US Bancorp DE Lowers Stock Position in Archrock, Inc. (NYSE:AROC)

US Bancorp DE decreased its position in Archrock, Inc. (NYSE:AROC) by 15.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC acquired a new stake in shares of Archrock during the 3rd quarter valued at about $30,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Archrock in the first quarter valued at approximately $43,000. Quarry LP acquired a new position in shares of Archrock during the 2nd quarter worth approximately $52,000. CWM LLC lifted its position in shares of Archrock by 382.0% during the 2nd quarter. CWM LLC now owns 3,591 shares of the energy company’s stock valued at $73,000 after buying an additional 2,846 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Archrock by 16.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,052 shares of the energy company’s stock valued at $82,000 after acquiring an additional 578 shares during the period. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Archrock Price Performance

Shares of AROC opened at $23.22 on Friday. Archrock, Inc. has a 1-year low of $13.89 and a 1-year high of $24.71. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.94. The firm has a 50-day simple moving average of $20.92 and a two-hundred day simple moving average of $20.34. The stock has a market cap of $4.07 billion, a PE ratio of 25.52 and a beta of 1.52.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The business 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 business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. As a group, analysts forecast 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 paid 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 dividend payout ratio (DPR) is presently 76.92%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Evercore ISI began coverage on shares of Archrock in a report on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 price target for the company. Royal Bank of Canada boosted their price objective on Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday. Stifel Nicolaus lifted their price target on Archrock from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Mizuho assumed coverage on shares of Archrock in a report on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 target price for the company. Finally, 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.67.

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.