Cerity Partners LLC Reduces Stock Position in Archrock, Inc. (NYSE:AROC)

Cerity Partners LLC trimmed its holdings in shares of Archrock, Inc. (NYSE:AROC) by 14.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,367 shares of the energy company’s stock after selling 3,706 shares during the quarter. Cerity Partners LLC’s holdings in Archrock were worth $532,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. raised its stake in shares of Archrock by 0.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company’s stock valued at $1,025,000 after acquiring an additional 427 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in Archrock by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 48,091 shares of the energy company’s stock worth $1,197,000 after purchasing an additional 796 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of Archrock by 1.6% during the fourth quarter. Yousif Capital Management LLC now owns 66,087 shares of the energy company’s stock valued at $1,645,000 after buying an additional 1,047 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Archrock by 1.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 61,383 shares of the energy company’s stock valued at $1,528,000 after buying an additional 1,108 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Archrock by 4.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 26,534 shares of the energy company’s stock worth $660,000 after buying an additional 1,126 shares during the period. Institutional investors own 95.45% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup raised their price target on shares of Archrock from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Archrock has a consensus rating of “Moderate Buy” and an average target price of $26.67.

Archrock Trading Down 5.1 %

NYSE AROC opened at $22.81 on Tuesday. The company’s 50-day simple moving average is $25.15 and its two-hundred day simple moving average is $24.97. Archrock, Inc. has a one year low of $17.27 and a one year high of $30.44. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were issued 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 a positive change from Archrock’s previous quarterly dividend of $0.18. Archrock’s dividend payout ratio is currently 73.08%.

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.