Alps Advisors Inc. trimmed its holdings in Archrock Inc (NYSE:AROC) by 49.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 31,640 shares of the energy company’s stock after selling 30,741 shares during the period. Alps Advisors Inc.’s holdings in Archrock were worth $332,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its stake in Archrock by 38.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,389,302 shares of the energy company’s stock valued at $17,435,000 after acquiring an additional 386,988 shares during the last quarter. Boston Partners bought a new position in Archrock in the fourth quarter valued at approximately $2,974,000. FMR LLC increased its stake in Archrock by 29.1% in the second quarter. FMR LLC now owns 1,107,577 shares of the energy company’s stock valued at $12,626,000 after acquiring an additional 249,914 shares during the last quarter. Bank of Montreal Can increased its stake in Archrock by 297.8% in the fourth quarter. Bank of Montreal Can now owns 165,825 shares of the energy company’s stock valued at $1,741,000 after acquiring an additional 124,143 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in Archrock by 38.4% in the second quarter. TIAA CREF Investment Management LLC now owns 325,569 shares of the energy company’s stock valued at $3,711,000 after acquiring an additional 90,289 shares during the last quarter. Institutional investors own 83.47% of the company’s stock.

Shares of Archrock Inc (AROC) opened at $9.35 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.63 and a debt-to-equity ratio of 1.99. Archrock Inc has a one year low of $8.30 and a one year high of $16.40. The firm has a market cap of $684.09, a price-to-earnings ratio of -9.54 and a beta of 3.20.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Thursday, February 8th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $0.48 annualized dividend and a dividend yield of 5.13%. Archrock’s dividend payout ratio is -48.98%.

A number of research firms have weighed in on AROC. B. Riley reaffirmed a “neutral” rating on shares of Archrock in a research note on Wednesday, November 1st. BidaskClub cut shares of Archrock from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Piper Jaffray Companies raised shares of Archrock from a “neutral” rating to an “overweight” rating in a research note on Friday, January 26th. Royal Bank of Canada reaffirmed a “buy” rating and set a $14.00 target price on shares of Archrock in a research note on Thursday, January 4th. Finally, Scotiabank reaffirmed a “hold” rating and set a $14.00 target price on shares of Archrock in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Archrock has a consensus rating of “Hold” and an average price target of $13.25.

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Archrock Profile

Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.

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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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