Archrock, Inc. (NYSE:AROC) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lessened its holdings in Archrock, Inc. (NYSE:AROC) by 14.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 21,367 shares of the energy company’s stock after selling 3,706 shares during the period. Cerity Partners LLC’s holdings in Archrock were worth $532,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AROC. Barclays PLC increased its stake in Archrock by 124.2% during the 3rd quarter. Barclays PLC now owns 302,610 shares of the energy company’s stock valued at $6,125,000 after purchasing an additional 167,648 shares in the last quarter. Franklin Resources Inc. increased its holdings in Archrock by 5.9% in the 3rd quarter. Franklin Resources Inc. now owns 94,756 shares of the energy company’s stock worth $2,020,000 after buying an additional 5,295 shares during the period. B. Riley Wealth Advisors Inc. raised its position in Archrock by 0.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company’s stock worth $1,025,000 after buying an additional 427 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Archrock by 24.4% in the 3rd quarter. Principal Financial Group Inc. now owns 853,295 shares of the energy company’s stock valued at $17,271,000 after acquiring an additional 167,510 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Archrock by 94.5% in the third quarter. JPMorgan Chase & Co. now owns 422,383 shares of the energy company’s stock worth $8,549,000 after acquiring an additional 205,241 shares during the period. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Archrock Trading Down 5.1 %

Shares of Archrock stock opened at $22.81 on Tuesday. Archrock, Inc. has a fifty-two week low of $17.27 and a fifty-two week high of $30.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The company has a market cap of $4.00 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The firm has a 50-day simple moving average of $25.15 and a two-hundred day simple moving average of $24.97.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.76 dividend on an annualized basis and a yield of 3.33%. This is an increase from Archrock’s previous quarterly dividend of $0.18. Archrock’s dividend payout ratio is currently 73.08%.

Analyst Ratings Changes

Separately, Citigroup increased their price target on Archrock from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.67.

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.