American Century Companies Inc. trimmed its position in Archrock Inc (NYSE:AROC) by 42.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 265,920 shares of the energy company’s stock after selling 199,102 shares during the quarter. American Century Companies Inc.’s holdings in Archrock were worth $2,792,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. CIBC Asset Management Inc bought a new position in Archrock in the 4th quarter valued at $106,000. Trexquant Investment LP bought a new position in Archrock in the 3rd quarter valued at $131,000. Nine Chapters Capital Management LLC bought a new position in Archrock in the 3rd quarter valued at $161,000. Crossmark Global Holdings Inc. bought a new position in Archrock in the 3rd quarter valued at $168,000. Finally, Fox Run Management L.L.C. bought a new position in Archrock in the 4th quarter valued at $180,000. Hedge funds and other institutional investors own 83.32% of the company’s stock.
A number of research analysts have commented on AROC shares. Royal Bank of Canada reiterated a “buy” rating and issued a $14.00 price objective on shares of Archrock in a research report on Thursday, January 4th. B. Riley set a $12.00 price target on Archrock and gave the stock a “hold” rating in a research report on Thursday, January 11th. ValuEngine upgraded Archrock from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Archrock from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Scotiabank restated a “hold” rating and issued a $14.00 price target on shares of Archrock in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.25.
Archrock (NYSE:AROC) last posted its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.07. Archrock had a negative return on equity of 2.36% and a net margin of 2.39%. The business had revenue of $208.90 million for the quarter, compared to analyst estimates of $200.88 million. During the same period last year, the company earned ($0.06) EPS. The firm’s revenue was up 7.8% on a year-over-year basis. research analysts anticipate that Archrock Inc will post 0.13 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Thursday, February 8th were given a $0.12 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $0.48 annualized dividend and a dividend yield of 4.73%. Archrock’s dividend payout ratio is currently 192.01%.
ILLEGAL ACTIVITY WARNING: “Archrock Inc (AROC) Shares Sold by American Century Companies Inc.” was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.tickerreport.com/banking-finance/3222533/archrock-inc-aroc-shares-sold-by-american-century-companies-inc.html.
Archrock Company 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.
Want to see what other hedge funds are holding AROC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archrock Inc (NYSE:AROC).
Receive News & Ratings for Archrock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archrock and related companies with MarketBeat.com's FREE daily email newsletter.