Quantbot Technologies LP Has $692,000 Stake in Archrock, Inc. (NYSE:AROC)

Quantbot Technologies LP raised its position in shares of Archrock, Inc. (NYSE:AROCFree Report) by 2,051.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,906 shares of the energy company’s stock after purchasing an additional 52,354 shares during the period. Quantbot Technologies LP’s holdings in Archrock were worth $692,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC boosted its position in shares of Archrock by 70.6% during the 2nd quarter. Parallel Advisors LLC now owns 2,921 shares of the energy company’s stock worth $30,000 after purchasing an additional 1,209 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Archrock in the 1st quarter valued at about $31,000. Tower Research Capital LLC TRC lifted its position in Archrock by 184.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,913 shares of the energy company’s stock valued at $38,000 after acquiring an additional 2,539 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Archrock by 79.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,989 shares of the energy company’s stock valued at $51,000 after acquiring an additional 2,206 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in Archrock in the 2nd quarter valued at about $104,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AROC has been the subject of several analyst reports. StockNews.com lowered shares of Archrock from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Raymond James raised their price target on shares of Archrock from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.33.

Get Our Latest Stock Report on Archrock

Archrock Stock Down 1.6 %

AROC opened at $15.83 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 1.86. Archrock, Inc. has a 1-year low of $8.78 and a 1-year high of $16.85. The company has a market capitalization of $2.47 billion, a PE ratio of 29.87, a PEG ratio of 2.55 and a beta of 1.57. The firm’s 50 day simple moving average is $15.26 and its two-hundred day simple moving average is $13.69.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th will be issued a $0.165 dividend. This is an increase from Archrock’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Monday, February 5th. Archrock’s payout ratio is currently 116.98%.

Archrock Company Profile

(Free Report)

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. It operates in two segments, Contract Operations and Aftermarket Services. The company engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining its owned fleet of natural gas compression equipment to provide natural gas compression services to customers in the oil and natural gas industry.

See Also

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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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