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

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

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Mutual of America Capital Management LLC grew its stake in shares of Archrock by 12.4% in the third quarter. Mutual of America Capital Management LLC now owns 25,408 shares of the energy company's stock worth $514,000 after acquiring an additional 2,802 shares in the last quarter. Jennison Associates LLC boosted its holdings in Archrock by 90.1% in the third quarter. Jennison Associates LLC now owns 61,978 shares of the energy company's stock valued at $1,254,000 after purchasing an additional 29,378 shares during the period. Intech Investment Management LLC grew its stake in Archrock by 58.7% during the 3rd quarter. Intech Investment Management LLC now owns 59,401 shares of the energy company's stock worth $1,202,000 after purchasing an additional 21,980 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Archrock by 13.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,323,820 shares of the energy company's stock worth $47,034,000 after purchasing an additional 274,763 shares during the period. Finally, Citigroup Inc. raised its position in Archrock by 59.6% in the 3rd quarter. Citigroup Inc. now owns 447,160 shares of the energy company's stock valued at $9,051,000 after purchasing an additional 166,947 shares in the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Archrock from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. Citigroup boosted their price target on shares of Archrock from $32.00 to $33.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.67.

Archrock Stock Down 1.1 %

Shares of NYSE AROC traded down $0.29 during midday trading on Thursday, hitting $26.58. 965,575 shares of the company's stock were exchanged, compared to its average volume of 1,375,951. The firm's fifty day simple moving average is $27.17 and its 200-day simple moving average is $24.47. The company has a market cap of $4.66 billion, a PE ratio of 29.20, a P/E/G ratio of 1.60 and a beta of 1.56. Archrock, Inc. has a twelve month low of $17.27 and a twelve month high of $30.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.86%. This is an increase from Archrock's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, February 12th. Archrock's dividend payout ratio (DPR) is 73.08%.

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.