Archrock, Inc. (NYSE:AROC) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its holdings in Archrock, Inc. (NYSE:AROC) by 2.6% during the 4th quarter, Holdings Channel reports. The firm owned 476,326 shares of the energy company’s stock after buying an additional 12,177 shares during the period. Rhumbline Advisers’ holdings in Archrock were worth $11,856,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AROC. Kayne Anderson Capital Advisors LP lifted its holdings in Archrock by 1,680.2% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company’s stock valued at $30,976,000 after purchasing an additional 1,444,471 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Archrock in the third quarter valued at approximately $22,108,000. State Street Corp lifted its stake in shares of Archrock by 11.5% during the third quarter. State Street Corp now owns 6,836,745 shares of the energy company’s stock valued at $138,376,000 after buying an additional 707,379 shares during the period. HITE Hedge Asset Management LLC purchased a new position in shares of Archrock during the third quarter valued at approximately $10,939,000. Finally, Geode Capital Management LLC boosted its position in Archrock by 16.0% during the third quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company’s stock worth $76,826,000 after acquiring an additional 523,825 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Archrock Stock Down 3.0 %

Shares of AROC opened at $26.42 on Monday. The firm has a market cap of $4.63 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The company’s fifty day moving average is $27.11 and its two-hundred day moving average is $23.51. Archrock, Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $30.44.

Archrock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from Archrock’s previous quarterly dividend of $0.18. Archrock’s payout ratio is 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.