21,215 Shares in Archrock, Inc. (NYSE:AROC) Acquired by Schroder Investment Management Group

Schroder Investment Management Group bought a new position in Archrock, Inc. (NYSE:AROC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 21,215 shares of the energy company’s stock, valued at approximately $528,000.

A number of other hedge funds have also added to or reduced their stakes in AROC. B. Riley Wealth Advisors Inc. grew its holdings in shares of Archrock by 0.9% in the third 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. Hennion & Walsh Asset Management Inc. boosted its position in Archrock by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 48,091 shares of the energy company’s stock worth $1,197,000 after purchasing an additional 796 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Archrock by 1.6% during the 4th quarter. Yousif Capital Management LLC now owns 66,087 shares of the energy company’s stock valued at $1,645,000 after purchasing an additional 1,047 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Archrock by 1.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 61,383 shares of the energy company’s stock valued at $1,528,000 after purchasing an additional 1,108 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Archrock by 4.4% in the 4th quarter. Mutual of America Capital Management LLC now owns 26,534 shares of the energy company’s stock worth $660,000 after purchasing an additional 1,126 shares during the period. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Archrock Stock Down 1.5 %

NYSE AROC opened at $21.47 on Tuesday. The stock’s 50-day moving average price is $26.47 and its 200-day moving average price is $24.82. The company has a market capitalization of $3.76 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. Archrock, Inc. has a 52 week low of $17.27 and a 52 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 issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.76 annualized dividend and a yield of 3.54%. This is an increase from Archrock’s previous quarterly dividend of $0.18. Archrock’s payout ratio is currently 73.08%.

Analysts Set New Price Targets

Separately, Citigroup boosted their target price on shares of Archrock from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.67.

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.