Sanctuary Advisors LLC Sells 1,716 Shares of Archrock, Inc. (NYSE:AROC)

Sanctuary Advisors LLC cut its stake in shares of Archrock, Inc. (NYSE:AROC) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,504 shares of the energy company’s stock after selling 1,716 shares during the quarter. Sanctuary Advisors LLC’s holdings in Archrock were worth $1,481,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Brown Brothers Harriman & Co. bought a new position in shares of Archrock during the 3rd quarter worth about $28,000. Continuum Advisory LLC raised its stake in Archrock by 5,621.6% during the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock worth $43,000 after buying an additional 2,080 shares during the period. Millburn Ridgefield Corp bought a new position in Archrock in the third quarter worth approximately $50,000. Montag A & Associates Inc. acquired a new stake in Archrock in the fourth quarter valued at approximately $55,000. Finally, R Squared Ltd acquired a new stake in Archrock in the fourth quarter valued at approximately $76,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AROC shares. Royal Bank of Canada increased their target price on Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. raised their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.17.

Archrock Trading Down 2.0 %

Shares of Archrock stock opened at $25.85 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The stock has a fifty day simple moving average of $27.10 and a 200 day simple moving average of $23.56. Archrock, Inc. has a 12-month low of $17.26 and a 12-month high of $30.44. The company has a market capitalization of $4.53 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57.

Archrock (NYSE:AROC) last posted its earnings results on Monday, February 24th. The energy company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. Archrock had a net margin of 13.34% and a return on equity of 16.24%. On average, sell-side analysts anticipate 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, 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 annualized dividend and a dividend yield of 2.94%. This is a boost from Archrock’s previous quarterly dividend of $0.18. Archrock’s dividend payout ratio (DPR) is currently 83.52%.

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.