Principal Financial Group Inc. lessened its stake in shares of Archrock, Inc. (NYSE:AROC) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 550,672 shares of the energy company’s stock after selling 19,464 shares during the period. Principal Financial Group Inc. owned 0.78% of Archrock worth $6,911,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of AROC. Dimensional Fund Advisors LP increased its position in shares of Archrock by 10.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,818,147 shares of the energy company’s stock worth $66,328,000 after purchasing an additional 537,271 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Archrock by 98.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,970,711 shares of the energy company’s stock worth $33,865,000 after purchasing an additional 1,472,445 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of Archrock by 38.3% during the 2nd quarter. William Blair Investment Management LLC now owns 1,667,426 shares of the energy company’s stock worth $19,009,000 after purchasing an additional 461,856 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Archrock by 38.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,389,302 shares of the energy company’s stock worth $17,435,000 after purchasing an additional 386,988 shares during the last quarter. Finally, FMR LLC increased its position in shares of Archrock by 29.1% during the 2nd quarter. FMR LLC now owns 1,107,577 shares of the energy company’s stock worth $12,626,000 after purchasing an additional 249,914 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

A number of brokerages recently issued reports on AROC. ValuEngine raised Archrock from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub downgraded Archrock from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Zacks Investment Research downgraded Archrock from a “hold” rating to a “strong sell” rating in a research report on Friday, November 10th. B. Riley reaffirmed a “neutral” rating on shares of Archrock in a research report on Wednesday, November 1st. Finally, Scotiabank reaffirmed a “hold” rating and issued a $14.00 target price on shares of Archrock in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.29.

Archrock, Inc. (NYSE AROC) opened at $9.60 on Friday. 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 52-week low of $8.30 and a 52-week high of $16.40.

Archrock (NYSE:AROC) last released its earnings results on Thursday, November 2nd. The energy company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The firm had revenue of $197.85 million during the quarter, compared to analyst estimates of $202.34 million. Archrock had a negative net margin of 8.62% and a negative return on equity of 2.93%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. analysts predict that Archrock, Inc. will post -0.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date was Tuesday, November 7th. Archrock’s dividend payout ratio is presently -48.98%.

TRADEMARK VIOLATION NOTICE: “Principal Financial Group Inc. Has $6.91 Million Stake in Archrock, Inc. (AROC)” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of international trademark & copyright law. The correct version of this news story can be read at https://www.watchlistnews.com/principal-financial-group-inc-has-6-91-million-stake-in-archrock-inc-aroc/1751209.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.

Institutional Ownership by Quarter for Archrock (NYSE:AROC)

Receive News & Ratings for Archrock Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archrock Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.