UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 86,477 Shares of Archrock, Inc. (NYSE:AROC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 485,750 shares of the energy company's stock after selling 86,477 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.28% of Archrock worth $12,090,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Atria Investments Inc raised its holdings in shares of Archrock by 17.4% in the 4th quarter. Atria Investments Inc now owns 38,313 shares of the energy company's stock valued at $954,000 after purchasing an additional 5,665 shares during the period. Barclays PLC increased its position in Archrock by 124.2% during the third quarter. Barclays PLC now owns 302,610 shares of the energy company's stock worth $6,125,000 after buying an additional 167,648 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Archrock in the fourth quarter valued at approximately $242,000. Charles Schwab Investment Management Inc. raised its stake in Archrock by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,358,092 shares of the energy company's stock valued at $58,693,000 after buying an additional 34,272 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Archrock by 7.5% in the fourth quarter. Principal Financial Group Inc. now owns 916,945 shares of the energy company's stock valued at $22,823,000 after buying an additional 63,650 shares during the last quarter. 95.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AROC has been the topic of a number of recent analyst reports. Citigroup boosted their target price on Archrock from $32.00 to $33.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Sidoti upgraded shares of Archrock to a "hold" rating in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.67.

Archrock Price Performance

Shares of AROC traded down $0.65 during midday trading on Wednesday, hitting $25.22. The company's stock had a trading volume of 1,001,504 shares, compared to its average volume of 1,423,420. 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, Inc. has a one year low of $17.27 and a one year high of $30.44. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. The company's fifty day simple moving average is $24.27 and its two-hundred day simple moving average is $25.66.

Archrock (NYSE:AROC - Get Free Report) last issued its earnings results on Monday, May 5th. The energy company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The firm had revenue of $347.16 million for the quarter, compared to analyst estimates of $342.98 million. As a group, equities analysts expect that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Tuesday, May 6th. Archrock's payout ratio is currently 64.41%.

Archrock announced that its Board of Directors has approved a stock buyback plan on Monday, May 5th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the energy company to purchase up to 1.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at Archrock

In other Archrock news, SVP Jason Ingersoll sold 42,036 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $24.49, for a total value of $1,029,461.64. Following the sale, the senior vice president now owns 275,911 shares in the company, valued at approximately $6,757,060.39. The trade was a 13.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.60% of the stock is owned by company insiders.

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.