UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $11.58 Million Holdings in Archrock, Inc. (NYSE:AROC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Archrock, Inc. (NYSE:AROC) by 56.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 572,227 shares of the energy company’s stock after purchasing an additional 205,419 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Archrock were worth $11,582,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new stake in Archrock during the 3rd quarter worth $28,000. Wolff Wiese Magana LLC acquired a new stake in Archrock during the 3rd quarter worth $30,000. Quarry LP acquired a new stake in Archrock during the 2nd quarter worth $52,000. CWM LLC raised its stake in Archrock by 382.0% during the 2nd quarter. CWM LLC now owns 3,591 shares of the energy company’s stock worth $73,000 after buying an additional 2,846 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Archrock during the 2nd quarter worth $101,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AROC. Evercore ISI began coverage on Archrock in a research note on Wednesday, September 25th. They set an “outperform” rating and a $24.00 price objective on the stock. Royal Bank of Canada upped their target price on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Mizuho started coverage on shares of Archrock in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Finally, Citigroup started coverage on shares of Archrock in a research note on Friday, September 27th. They issued a “buy” rating and a $24.00 target price for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Archrock presently has an average rating of “Moderate Buy” and a consensus price target of $25.17.

Archrock Trading Down 2.9 %

Archrock stock opened at $25.45 on Friday. The firm has a 50-day moving average of $22.51 and a 200-day moving average of $20.87. Archrock, Inc. has a one year low of $14.23 and a one year high of $26.36. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 27.97 and a beta of 1.59.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The company had revenue of $292.16 million during the quarter, compared to the consensus estimate of $286.19 million. During the same period in the prior year, the business posted $0.20 EPS. The company’s quarterly revenue was up 15.3% on a year-over-year basis. On average, equities analysts expect that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.75%. This is an increase from Archrock’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, November 6th. Archrock’s dividend payout ratio is currently 76.92%.

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.