UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 48,615 Shares of Archrock, Inc. $AROC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Archrock, Inc. (NYSE:AROC) by 12.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 350,834 shares of the energy company’s stock after selling 48,615 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Archrock were worth $14,282,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AROC. BlackRock Inc. bought a new stake in Archrock in the 2nd quarter valued at $1,217,511,000. Invesco Ltd. boosted its stake in Archrock by 5.5% in the 4th quarter. Invesco Ltd. now owns 8,719,020 shares of the energy company’s stock worth $226,869,000 after purchasing an additional 457,569 shares during the period. State Street Corp increased its holdings in Archrock by 2.2% during the 4th quarter. State Street Corp now owns 7,018,889 shares of the energy company’s stock worth $182,631,000 after purchasing an additional 152,312 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Archrock by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,833,290 shares of the energy company’s stock valued at $177,805,000 after purchasing an additional 111,218 shares during the period. Finally, Bank of America Corp DE bought a new stake in shares of Archrock in the second quarter valued at about $262,070,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Stock Performance

Shares of NYSE AROC opened at $32.63 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.94 and a current ratio of 1.39. The stock has a 50 day moving average price of $35.17 and a 200 day moving average price of $35.78. The stock has a market capitalization of $5.72 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 1.58 and a beta of 0.86. Archrock, Inc. has a 52 week low of $22.88 and a 52 week high of $42.23.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The firm had revenue of $371.24 million during the quarter, compared to analyst estimates of $393.19 million. Archrock had a net margin of 21.84% and a return on equity of 22.22%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. Analysts predict that Archrock, Inc. will post 1.73 earnings per share for the current fiscal year.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Tuesday, August 4th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.8%. This is a boost from Archrock’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, August 4th. Archrock’s dividend payout ratio (DPR) is presently 49.46%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AROC shares. Mizuho increased their price objective on Archrock from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Citigroup upped their price target on Archrock from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada raised their price target on shares of Archrock from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, August 17th. Zacks Research downgraded shares of Archrock from a “hold” rating to a “strong sell” rating in a report on Monday, August 31st. Finally, Wells Fargo & Company reduced their target price on shares of Archrock from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Archrock has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

Archrock Company Profile

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.