Amalgamated Bank Boosts Holdings in Archrock, Inc. (NYSE:AROC)

Amalgamated Bank increased its holdings in Archrock, Inc. (NYSE:AROC) by 3.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 51,068 shares of the energy company’s stock after acquiring an additional 1,555 shares during the period. Amalgamated Bank’s holdings in Archrock were worth $1,271,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Navellier & Associates Inc. boosted its position in Archrock by 4.0% during the fourth quarter. Navellier & Associates Inc. now owns 223,310 shares of the energy company’s stock valued at $5,558,000 after buying an additional 8,656 shares during the period. Wolverine Asset Management LLC lifted its stake in shares of Archrock by 111.8% in the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock valued at $37,000 after acquiring an additional 14,200 shares during the last quarter. Corps Capital Advisors LLC purchased a new stake in Archrock during the 4th quarter valued at about $697,000. Ieq Capital LLC bought a new position in Archrock during the 4th quarter worth approximately $431,000. Finally, New York State Common Retirement Fund grew its position in Archrock by 10.7% during the 4th quarter. New York State Common Retirement Fund now owns 52,873 shares of the energy company’s stock worth $1,316,000 after acquiring an additional 5,100 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Archrock Price Performance

Shares of AROC stock opened at $25.97 on Tuesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. Archrock, Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $30.44. The firm has a market cap of $4.55 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.60 and a beta of 1.57. The business’s 50 day moving average price is $27.31 and its 200-day moving average price is $23.83.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.76 annualized dividend and a yield of 2.93%. This is a boost from Archrock’s previous quarterly dividend of $0.18. Archrock’s payout ratio is 73.08%.

Analysts Set New Price Targets

AROC has been the subject of a number of analyst reports. Royal Bank of Canada increased their price objective on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. upped their price target on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, November 29th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.17.

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.