Blue Trust Inc. Has $469,000 Stock Holdings in Archrock, Inc. (NYSE:AROC)

Blue Trust Inc. lifted its stake in Archrock, Inc. (NYSE:AROC) by 26.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,869 shares of the energy company’s stock after purchasing an additional 5,065 shares during the quarter. Blue Trust Inc.’s holdings in Archrock were worth $469,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Arizona State Retirement System grew its stake in Archrock by 3.5% during the 4th quarter. Arizona State Retirement System now owns 41,562 shares of the energy company’s stock valued at $640,000 after acquiring an additional 1,408 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Archrock in the 4th quarter valued at approximately $4,830,000. Louisiana State Employees Retirement System purchased a new stake in Archrock in the 4th quarter worth approximately $1,058,000. Mackenzie Financial Corp boosted its stake in shares of Archrock by 15.8% during the 4th quarter. Mackenzie Financial Corp now owns 26,691 shares of the energy company’s stock valued at $411,000 after buying an additional 3,640 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Archrock by 10.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,171 shares of the energy company’s stock valued at $495,000 after buying an additional 3,080 shares during the period. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Analyst Upgrades and Downgrades

AROC has been the subject of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price objective on shares of Archrock in a report on Wednesday, August 7th. Stifel Nicolaus raised their price target on Archrock from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, StockNews.com lowered Archrock from a “buy” rating to a “hold” rating in a report on Thursday, June 6th.

Archrock Stock Up 1.4 %

Shares of AROC stock traded up $0.27 on Friday, hitting $19.61. The company’s stock had a trading volume of 1,162,252 shares, compared to its average volume of 1,512,564. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of 1.56 and a beta of 1.53. Archrock, Inc. has a fifty-two week low of $11.73 and a fifty-two week high of $23.44. The firm’s fifty day moving average price is $20.22 and its 200-day moving average price is $19.43. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.53 and a quick ratio of 0.74.

Archrock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.66 annualized dividend and a dividend yield of 3.37%. Archrock’s dividend payout ratio (DPR) is presently 79.52%.

Archrock 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.