Archrock, Inc. (NYSE:AROC) Position Reduced by Bard Associates Inc.

Bard Associates Inc. trimmed its position in shares of Archrock, Inc. (NYSE:AROC) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,280 shares of the energy company’s stock after selling 1,000 shares during the quarter. Archrock makes up about 1.7% of Bard Associates Inc.’s portfolio, making the stock its 8th biggest holding. Bard Associates Inc.’s holdings in Archrock were worth $5,109,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. purchased a new position in Archrock during the third quarter worth approximately $28,000. Wolverine Asset Management LLC raised its stake in shares of Archrock by 111.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock worth $37,000 after buying an additional 14,200 shares during the period. Continuum Advisory LLC lifted its position in shares of Archrock by 5,621.6% during the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock valued at $43,000 after buying an additional 2,080 shares in the last quarter. Montag A & Associates Inc. purchased a new position in shares of Archrock during the 4th quarter valued at approximately $55,000. Finally, Millburn Ridgefield Corp acquired a new stake in Archrock in the 3rd quarter valued at $50,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Archrock Trading Down 4.2 %

Shares of AROC opened at $25.97 on Tuesday. Archrock, Inc. has a 52-week low of $17.26 and a 52-week high of $30.44. The stock has a market cap of $4.55 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.57. The firm’s fifty day moving average is $27.31 and its two-hundred day moving average is $23.83. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 12th. This is a positive change from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 2.93%. Archrock’s payout ratio is presently 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.