Schroder Investment Management Group Makes New $528,000 Investment in Archrock, Inc. (NYSE:AROC)

Schroder Investment Management Group bought a new position in Archrock, Inc. (NYSE:AROC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,215 shares of the energy company's stock, valued at approximately $528,000.

A number of other institutional investors have also recently bought and sold shares of AROC. Vanguard Group Inc. grew its stake in shares of Archrock by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 21,571,800 shares of the energy company's stock valued at $536,922,000 after buying an additional 508,214 shares during the period. State Street Corp raised its holdings in shares of Archrock by 11.5% in the 3rd quarter. State Street Corp now owns 6,836,745 shares of the energy company's stock worth $138,376,000 after purchasing an additional 707,379 shares during the period. Sei Investments Co. lifted its stake in shares of Archrock by 8.3% in the 4th quarter. Sei Investments Co. now owns 5,354,764 shares of the energy company's stock valued at $133,280,000 after purchasing an additional 411,286 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Archrock by 10.0% in the 4th quarter. American Century Companies Inc. now owns 4,927,024 shares of the energy company's stock valued at $122,634,000 after purchasing an additional 448,410 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Archrock by 16.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company's stock worth $76,826,000 after purchasing an additional 523,825 shares in the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

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Archrock Price Performance

Shares of NYSE:AROC traded up $0.47 during trading hours on Friday, hitting $22.78. 1,916,634 shares of the company's stock traded hands, compared to its average volume of 1,465,905. The company's fifty day simple moving average is $25.70 and its two-hundred day simple moving average is $24.82. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. 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.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were given a $0.19 dividend. This is a positive change 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 3.34%. Archrock's payout ratio is 73.08%.

Analysts Set New Price Targets

Separately, Citigroup lifted their price target 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 analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $26.67.

Archrock 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.