Amundi Purchases 63,241 Shares of Archrock, Inc. (NYSE:AROC)

Amundi grew its position in shares of Archrock, Inc. (NYSE:AROC) by 194.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 95,810 shares of the energy company’s stock after buying an additional 63,241 shares during the quarter. Amundi’s holdings in Archrock were worth $2,427,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new stake in Archrock during the third quarter worth about $28,000. Wolverine Asset Management LLC grew its stake in Archrock by 111.8% during the fourth quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock worth $37,000 after buying an additional 14,200 shares during the last quarter. Continuum Advisory LLC grew its stake in Archrock by 5,621.6% during the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock worth $43,000 after buying an additional 2,080 shares during the last quarter. Millburn Ridgefield Corp bought a new stake in Archrock during the third quarter worth about $50,000. Finally, Montag A & Associates Inc. bought a new stake in Archrock during the fourth quarter worth about $55,000. 95.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their price target on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.17.

Archrock Price Performance

Shares of AROC stock opened at $24.96 on Monday. The firm’s 50 day moving average price is $27.17 and its two-hundred day moving average price is $24.11. 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 52-week low of $17.27 and a 52-week high of $30.44. The stock has a market cap of $4.37 billion, a PE ratio of 27.42, a PEG ratio of 1.60 and a beta of 1.56.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.05%. 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 dividend payout ratio is currently 73.08%.

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.