Amalgamated Bank Decreases Stake in Archrock, Inc. (NYSE:AROC)

Amalgamated Bank trimmed its holdings in shares of Archrock, Inc. (NYSE:AROC) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,076 shares of the energy company’s stock after selling 1,477 shares during the quarter. Amalgamated Bank’s holdings in Archrock were worth $851,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Archrock by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 18,321,555 shares of the energy company’s stock valued at $360,385,000 after purchasing an additional 849,750 shares in the last quarter. Earnest Partners LLC grew its stake in Archrock by 2.6% in the first quarter. Earnest Partners LLC now owns 14,007,955 shares of the energy company’s stock worth $275,536,000 after purchasing an additional 351,391 shares in the last quarter. Blackstone Inc. increased its holdings in Archrock by 4,211.9% in the fourth quarter. Blackstone Inc. now owns 5,903,142 shares of the energy company’s stock valued at $90,908,000 after buying an additional 5,766,237 shares during the last quarter. Sei Investments Co. increased its holdings in Archrock by 5.8% in the first quarter. Sei Investments Co. now owns 5,409,863 shares of the energy company’s stock valued at $106,412,000 after buying an additional 295,998 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Archrock by 20.5% during the second quarter. American Century Companies Inc. now owns 3,958,281 shares of the energy company’s stock valued at $80,036,000 after buying an additional 672,663 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Trading Up 1.1 %

Archrock stock opened at $20.39 on Friday. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 24.57 and a beta of 1.51. The company has a quick ratio of 0.94, a current ratio of 1.53 and a debt-to-equity ratio of 1.80. Archrock, Inc. has a 52-week low of $11.73 and a 52-week high of $23.44. The firm has a 50-day moving average price of $19.97 and a two-hundred day moving average price of $19.93.

Archrock (NYSE:AROC) last announced its earnings results on Tuesday, July 30th. The energy company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Archrock had a return on equity of 16.35% and a net margin of 13.20%. The firm had revenue of $270.53 million for the quarter, compared to analysts’ expectations of $270.61 million. Sell-side analysts expect that Archrock, Inc. will post 1.07 earnings per share for the current year.

Archrock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 3.24%. The ex-dividend date was Tuesday, August 6th. Archrock’s dividend payout ratio is presently 79.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus boosted their price target on Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Citigroup started coverage on shares of Archrock in a research note on Friday. They set a “buy” rating and a $24.00 target price for the company. StockNews.com downgraded shares of Archrock from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Evercore ISI assumed coverage on shares of Archrock in a research report on Wednesday. They set an “outperform” rating and a $24.00 price objective for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Archrock in a research note on Friday, September 6th. They set an “overweight” rating and a $24.00 price objective on the stock. 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 has an average rating of “Moderate Buy” and an average price target of $22.33.

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.