Integrated Investment Consultants LLC Sells 449 Shares of Archrock, Inc. (NYSE:AROC)

Integrated Investment Consultants LLC lowered its position in shares of Archrock, Inc. (NYSE:AROC) by 2.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,992 shares of the energy company’s stock after selling 449 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Archrock were worth $324,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Intech Investment Management LLC boosted its stake in Archrock by 58.7% in the third quarter. Intech Investment Management LLC now owns 59,401 shares of the energy company’s stock valued at $1,202,000 after acquiring an additional 21,980 shares during the last quarter. King Luther Capital Management Corp acquired a new position in shares of Archrock in the 3rd quarter valued at $3,363,000. Moran Wealth Management LLC boosted its position in shares of Archrock by 45.9% in the 3rd quarter. Moran Wealth Management LLC now owns 24,039 shares of the energy company’s stock worth $487,000 after purchasing an additional 7,565 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Archrock by 90.1% during the third quarter. Jennison Associates LLC now owns 61,978 shares of the energy company’s stock worth $1,254,000 after purchasing an additional 29,378 shares during the period. Finally, Kayne Anderson Capital Advisors LP increased its holdings in Archrock by 1,680.2% in the third quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company’s stock valued at $30,976,000 after purchasing an additional 1,444,471 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Stock Up 0.4 %

Shares of AROC stock opened at $25.85 on Friday. Archrock, Inc. has a 12-month low of $13.95 and a 12-month high of $26.36. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The firm has a fifty day moving average of $21.39 and a 200-day moving average of $20.47. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 28.41 and a beta of 1.52.

Archrock (NYSE:AROC) last released its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The firm had revenue of $292.16 million during the quarter, compared to analysts’ expectations of $286.19 million. During the same quarter in the prior year, the company earned $0.20 EPS. The company’s revenue was up 15.3% on a year-over-year basis. As a group, equities research analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, November 6th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Wednesday, November 6th. This is a positive change from Archrock’s previous quarterly dividend of $0.17. Archrock’s dividend payout ratio (DPR) is currently 76.92%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Mizuho started coverage on Archrock in a report on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 target price on the stock. Royal Bank of Canada lifted their price objective on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Citigroup started coverage on shares of Archrock in a research note on Friday, September 27th. They issued a “buy” rating and a $24.00 target price for the company. Evercore ISI started coverage on shares of Archrock in a research report on Wednesday, September 25th. They set an “outperform” rating and a $24.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Archrock in a research report on Friday, September 6th. They issued an “overweight” rating and a $24.00 price objective for the company. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.67.

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.