Archrock, Inc. (NYSE:AROC) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. raised its stake in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,927,024 shares of the energy company's stock after purchasing an additional 448,410 shares during the period. American Century Companies Inc. owned 2.81% of Archrock worth $122,634,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AROC. Brown Brothers Harriman & Co. purchased a new stake in shares of Archrock during the third quarter worth approximately $28,000. Wolverine Asset Management LLC boosted its stake in Archrock by 111.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock worth $37,000 after purchasing an additional 14,200 shares during the last quarter. Continuum Advisory LLC grew its holdings in shares of 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 in the last quarter. Millburn Ridgefield Corp acquired a new stake in shares of Archrock in the third quarter valued at about $50,000. Finally, Montag A & Associates Inc. purchased a new position in shares of Archrock in the fourth quarter worth about $55,000. Institutional investors and hedge funds own 95.45% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AROC shares. Citigroup upped their price objective on shares of Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. JPMorgan Chase & Co. upped their price target on Archrock from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, November 29th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Archrock presently has an average rating of "Moderate Buy" and an average price target of $26.67.

Remove Ads

Archrock Trading Up 0.1 %

AROC stock traded up $0.02 during trading on Tuesday, reaching $27.33. 481,638 shares of the stock were exchanged, compared to its average volume of 1,430,052. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 1.60 and a beta of 1.56. The business has a 50 day moving average price of $27.24 and a 200-day moving average price of $24.40. Archrock, Inc. has a 1 year low of $17.26 and a 1 year high of $30.44.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.19 per share. This is a boost 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 2.78%. Archrock's dividend payout ratio (DPR) is 73.08%.

About Archrock

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.