NBW Capital LLC Has $5.67 Million Stock Holdings in Archrock, Inc. (NYSE:AROC)

Key Points

• NBW Capital LLC reduced its stake in Archrock, Inc. by 13.2%, selling 32,904 shares, and now holds approximately 0.12% of the company valued at $5.67 million.
• The stock has received a consensus rating of "Moderate Buy" with a target price of $28.40, although Evercore ISI adjusted its target price down to $31.00.
• Archrock recently announced an increase in its quarterly dividend to $0.21 per share, representing a dividend yield of 3.7%.

NBW Capital LLC lowered its position in Archrock, Inc. (NYSE:AROC - Free Report) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 215,990 shares of the energy company's stock after selling 32,904 shares during the period. NBW Capital LLC owned 0.12% of Archrock worth $5,668,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Chicago Partners Investment Group LLC boosted its stake in Archrock by 1.4% in the 1st quarter. Chicago Partners Investment Group LLC now owns 38,161 shares of the energy company's stock worth $1,001,000 after purchasing an additional 521 shares during the period. Summit Investment Advisors Inc. boosted its stake in Archrock by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 17,459 shares of the energy company's stock worth $435,000 after purchasing an additional 553 shares during the period. Janney Montgomery Scott LLC boosted its stake in Archrock by 4.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,761 shares of the energy company's stock worth $335,000 after purchasing an additional 574 shares during the period. Ballentine Partners LLC boosted its stake in Archrock by 6.0% in the 1st quarter. Ballentine Partners LLC now owns 10,133 shares of the energy company's stock worth $266,000 after purchasing an additional 575 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Archrock by 164.8% in the 1st quarter. Farther Finance Advisors LLC now owns 964 shares of the energy company's stock worth $26,000 after purchasing an additional 600 shares during the period. Institutional investors own 95.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AROC. Evercore ISI reduced their price objective on shares of Archrock from $32.00 to $31.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. Sidoti upgraded shares of Archrock to a "hold" rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $28.40.

Archrock Stock Performance

Shares of AROC traded up $0.30 during mid-day trading on Tuesday, hitting $23.76. 557,806 shares of the company's stock were exchanged, compared to its average volume of 1,420,276. Archrock, Inc. has a 52 week low of $18.38 and a 52 week high of $30.44. The stock's 50-day simple moving average is $24.06 and its 200-day simple moving average is $24.96. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 1.20 and a beta of 1.10. The company has a quick ratio of 1.30, a current ratio of 1.81 and a debt-to-equity ratio of 1.86.

Archrock (NYSE:AROC - Get Free Report) last announced its earnings results on Monday, August 4th. The energy company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Archrock had a net margin of 17.17% and a return on equity of 18.74%. The company had revenue of $383.15 million for the quarter, compared to analysts' expectations of $366.34 million. During the same period last year, the firm earned $0.23 earnings per share. The business's revenue for the quarter was up 41.6% on a year-over-year basis. On average, equities research analysts expect that Archrock, Inc. will post 1.09 EPS for the current year.

Archrock declared that its Board of Directors has approved a stock buyback program on Monday, May 5th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the energy company to purchase up to 1.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th will be issued a dividend of $0.21 per share. This is a boost from Archrock's previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, August 5th. Archrock's payout ratio is 63.64%.

Archrock Company Profile

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.