Bernzott Capital Advisors Sells 309,673 Shares of Archrock, Inc. (NYSE:AROC)

Bernzott Capital Advisors lessened its stake in Archrock, Inc. (NYSE:AROC) by 91.9% in the fourth quarter, HoldingsChannel reports. The firm owned 27,170 shares of the energy company’s stock after selling 309,673 shares during the period. Bernzott Capital Advisors’ holdings in Archrock were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC grew its position in Archrock by 124.2% in the 3rd quarter. Barclays PLC now owns 302,610 shares of the energy company’s stock worth $6,125,000 after purchasing an additional 167,648 shares during the period. Verition Fund Management LLC bought a new stake in Archrock in the 3rd quarter worth approximately $314,000. JPMorgan Chase & Co. grew its position in Archrock by 94.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 422,383 shares of the energy company’s stock worth $8,549,000 after purchasing an additional 205,241 shares during the period. Algert Global LLC grew its position in Archrock by 175.7% in the 2nd quarter. Algert Global LLC now owns 567,240 shares of the energy company’s stock worth $11,470,000 after purchasing an additional 361,520 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in Archrock in the 3rd quarter worth approximately $200,000. Institutional investors own 95.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Citigroup began coverage on shares of Archrock in a research report on Friday, September 27th. They issued a “buy” rating and a $24.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Mizuho began coverage on shares of Archrock in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 price objective for the company. Royal Bank of Canada boosted their price objective on shares of Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Finally, Evercore ISI began coverage on shares of Archrock in a research report on Wednesday, September 25th. They set an “outperform” rating and a $24.00 price objective for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Archrock presently has an average rating of “Moderate Buy” and an average target price of $25.17.

Archrock Trading Up 2.4 %

Shares of Archrock stock opened at $29.57 on Friday. The company has a market capitalization of $5.18 billion, a P/E ratio of 32.49, a P/E/G ratio of 1.58 and a beta of 1.58. 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 fifty day moving average of $25.30 and a 200 day moving average of $22.13. Archrock, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $29.79.

Archrock (NYSE:AROC) last issued its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $292.16 million during the quarter, compared to the consensus estimate of $286.19 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. Archrock’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. On average, sell-side analysts anticipate that Archrock, Inc. will post 1.12 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 issued a $0.175 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.70 annualized dividend and a yield of 2.37%. This is an increase from Archrock’s previous quarterly dividend of $0.17. Archrock’s dividend payout ratio is currently 76.92%.

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.