Thrivent Financial for Lutherans Sells 205,116 Shares of Archrock, Inc. $AROC

Thrivent Financial for Lutherans decreased its position in Archrock, Inc. (NYSE:AROC) by 57.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,902 shares of the energy company’s stock after selling 205,116 shares during the quarter. Thrivent Financial for Lutherans owned 0.09% of Archrock worth $3,943,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its holdings in Archrock by 0.8% during the third quarter. Nisa Investment Advisors LLC now owns 60,026 shares of the energy company’s stock worth $1,579,000 after purchasing an additional 478 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Archrock by 3.3% during the second quarter. PNC Financial Services Group Inc. now owns 15,247 shares of the energy company’s stock worth $379,000 after acquiring an additional 490 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Archrock by 49.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,640 shares of the energy company’s stock worth $43,000 after purchasing an additional 546 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Archrock by 0.9% in the second quarter. Bank of Montreal Can now owns 69,977 shares of the energy company’s stock valued at $1,738,000 after acquiring an additional 658 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Archrock by 0.7% in the 1st quarter. Royal Bank of Canada now owns 95,866 shares of the energy company’s stock valued at $2,514,000 after purchasing an additional 667 shares during the period. Institutional investors own 95.45% of the company’s stock.

Archrock Stock Performance

AROC opened at $32.07 on Friday. Archrock, Inc. has a 1-year low of $20.12 and a 1-year high of $32.42. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.37 and a beta of 0.93. The company has a current ratio of 1.56, a quick ratio of 1.01 and a debt-to-equity ratio of 1.80. The company’s fifty day moving average price is $26.63 and its two-hundred day moving average price is $25.17.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Tuesday, February 10th will be issued a $0.22 dividend. This is an increase from Archrock’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, February 10th. Archrock’s dividend payout ratio is currently 56.00%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Evercore lifted their price objective on Archrock from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Zacks Research raised shares of Archrock from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Archrock in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada boosted their target price on shares of Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Archrock presently has an average rating of “Buy” and an average target price of $32.40.

Insider Buying and Selling

In other Archrock news, SVP Eric W. Thode sold 40,740 shares of Archrock stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $25.10, for a total transaction of $1,022,574.00. Following the transaction, the senior vice president owned 184,216 shares of the company’s stock, valued at $4,623,821.60. This trade represents a 18.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.60% of the company’s stock.

Archrock 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.