Allworth Financial LP Has $360,000 Position in Archrock, Inc. (NYSE:AROC)

Allworth Financial LP grew its holdings in shares of Archrock, Inc. (NYSE:AROC) by 646.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 14,466 shares of the energy company’s stock after acquiring an additional 12,529 shares during the quarter. Allworth Financial LP’s holdings in Archrock were worth $360,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. grew its holdings in Archrock by 0.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company’s stock worth $1,025,000 after acquiring an additional 427 shares during the period. Atria Investments Inc grew its stake in shares of Archrock by 2.3% in the 3rd quarter. Atria Investments Inc now owns 32,648 shares of the energy company’s stock valued at $661,000 after buying an additional 746 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of Archrock by 1.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 48,091 shares of the energy company’s stock valued at $1,197,000 after buying an additional 796 shares during the period. Glenmede Trust Co. NA grew its stake in shares of Archrock by 2.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 31,485 shares of the energy company’s stock valued at $637,000 after buying an additional 838 shares during the period. Finally, KBC Group NV grew its stake in shares of Archrock by 23.6% in the 3rd quarter. KBC Group NV now owns 5,324 shares of the energy company’s stock valued at $108,000 after buying an additional 1,016 shares during the period. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Royal Bank of Canada raised their target price on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.17.

Archrock Price Performance

Shares of NYSE AROC opened at $26.42 on Friday. Archrock, Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $30.44. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.71 and a beta of 1.57. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The firm’s 50-day simple moving average is $27.11 and its 200 day simple moving average is $23.44.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were given a $0.19 dividend. This is a boost from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. This represents a $0.76 annualized dividend and a yield of 2.88%. Archrock’s dividend payout ratio (DPR) is presently 83.52%.

Archrock Company 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.