UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $14.28 Million Holdings in Archrock, Inc. $AROC

Key Points

• UBS Asset Management cut its Archrock stake by 12.2% in the second quarter, selling 48,615 shares and retaining 350,834 shares valued at approximately $14.28 million. Institutional investors collectively own 95.45% of the company.
• Archrock reported quarterly EPS of $0.38, missing the $0.45 consensus estimate, while revenue declined 3.1% year over year to $371.24 million. The company increased its quarterly dividend to $0.23, equivalent to an annualized yield of about 2.8%.
• Analyst sentiment remains mostly positive, with nine Buy ratings and one Sell rating producing a consensus “Moderate Buy” rating and a $42.29 price target, well above the reported $32.63 share price.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 12.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 350,834 shares of the energy company's stock after selling 48,615 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.20% of Archrock worth $14,282,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Valued Wealth Advisors LLC acquired a new stake in shares of Archrock in the first quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC acquired a new position in Archrock during the 4th quarter worth $27,000. Jones Financial Companies Lllp boosted its position in Archrock by 217.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company's stock valued at $35,000 after buying an additional 902 shares during the last quarter. Summit Securities Group LLC bought a new position in Archrock in the 1st quarter valued at $36,000. Finally, Covestor Ltd increased its stake in shares of Archrock by 234.9% in the 4th quarter. Covestor Ltd now owns 1,410 shares of the energy company's stock valued at $37,000 after buying an additional 989 shares during the period. 95.45% of the stock is owned by institutional investors.

Archrock Stock Up 0.2%

Archrock stock opened at $32.63 on Friday. The company's 50 day simple moving average is $35.17 and its 200 day simple moving average is $35.78. Archrock, Inc. has a fifty-two week low of $22.88 and a fifty-two week high of $42.23. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.58 and a beta of 0.86. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.39 and a quick ratio of 0.94.

Archrock (NYSE:AROC - Get Free Report) last issued its earnings results on Wednesday, August 5th. The energy company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07). The firm had revenue of $371.24 million during the quarter, compared to the consensus estimate of $393.19 million. Archrock had a net margin of 21.84% and a return on equity of 22.22%. The firm's revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS. As a group, sell-side analysts anticipate that Archrock, Inc. will post 1.73 EPS for the current year.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, August 4th were given a $0.23 dividend. The ex-dividend date was Tuesday, August 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from Archrock's previous quarterly dividend of $0.22. Archrock's dividend payout ratio is currently 49.46%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings downgraded Archrock from a "buy (a-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Zacks Research lowered Archrock from a "hold" rating to a "strong sell" rating in a research report on Monday, August 31st. Citigroup boosted their price objective on Archrock from $40.00 to $43.00 and gave the stock a "buy" rating in a report on Wednesday, May 13th. Mizuho upped their target price on shares of Archrock from $38.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, June 3rd. Finally, Wells Fargo & Company reduced their target price on shares of Archrock from $43.00 to $40.00 and set an "overweight" rating on the stock in a research note on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Archrock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.29.

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.

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