Mirae Asset Global Investments Co. Ltd. Sells 69,782 Shares of Archrock, Inc. (NYSE:AROC)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Archrock, Inc. (NYSE:AROC - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,075,269 shares of the energy company's stock after selling 69,782 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.69% of Archrock worth $16,559,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Captrust Financial Advisors grew its stake in shares of Archrock by 3.7% in the 2nd quarter. Captrust Financial Advisors now owns 25,608 shares of the energy company's stock valued at $262,000 after purchasing an additional 907 shares during the last quarter. Advisor Group Holdings Inc. grew its position in Archrock by 2.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 58,600 shares of the energy company's stock valued at $526,000 after buying an additional 1,212 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Archrock by 8.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,958 shares of the energy company's stock valued at $143,000 after buying an additional 1,218 shares during the last quarter. LPL Financial LLC increased its stake in Archrock by 9.3% in the 4th quarter. LPL Financial LLC now owns 14,464 shares of the energy company's stock valued at $130,000 after buying an additional 1,231 shares during the period. Finally, Eaton Vance Management raised its position in Archrock by 4.3% during the 1st quarter. Eaton Vance Management now owns 30,393 shares of the energy company's stock worth $280,000 after buying an additional 1,264 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company's stock.

Archrock Trading Down 1.0 %

Shares of AROC traded down $0.20 on Thursday, hitting $20.54. 1,130,792 shares of the stock traded hands, compared to its average volume of 1,336,384. Archrock, Inc. has a 1 year low of $8.78 and a 1 year high of $21.40. The stock's 50 day moving average is $18.48 and its two-hundred day moving average is $15.73. The firm has a market capitalization of $3.21 billion, a P/E ratio of 30.66, a P/E/G ratio of 3.00 and a beta of 1.59. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.82.

Archrock (NYSE:AROC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.21 earnings per share for the quarter, hitting analysts' consensus estimates of $0.21. The company had revenue of $259.60 million for the quarter, compared to analyst estimates of $252.42 million. Archrock had a return on equity of 12.63% and a net margin of 10.60%. The business's revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 EPS. As a group, sell-side analysts predict that Archrock, Inc. will post 1 earnings per share for the current year.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.21%. This is a positive change from Archrock's previous quarterly dividend of $0.16. The ex-dividend date was Monday, February 5th. Archrock's dividend payout ratio (DPR) is presently 98.51%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada boosted their price target on shares of Archrock from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Archrock currently has a consensus rating of "Moderate Buy" and an average target price of $17.67.

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.