Amundi Has $2.43 Million Position in Archrock, Inc. (NYSE:AROC)

Amundi grew its holdings in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 194.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 95,810 shares of the energy company's stock after purchasing an additional 63,241 shares during the period. Amundi owned approximately 0.05% of Archrock worth $2,427,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its stake in Archrock by 11.5% during the 3rd quarter. State Street Corp now owns 6,836,745 shares of the energy company's stock valued at $138,376,000 after buying an additional 707,379 shares during the period. Geode Capital Management LLC increased its stake in shares of Archrock by 16.0% during the third quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company's stock valued at $76,826,000 after acquiring an additional 523,825 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Archrock by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,358,092 shares of the energy company's stock worth $58,693,000 after purchasing an additional 34,272 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its position in Archrock by 1,680.2% in the third quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company's stock worth $30,976,000 after purchasing an additional 1,444,471 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Archrock during the 4th quarter valued at $36,241,000. 95.45% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

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

Archrock Trading Down 0.7 %

Shares of Archrock stock traded down $0.18 on Thursday, reaching $26.65. 1,224,776 shares of the company were exchanged, compared to its average volume of 1,376,767. Archrock, Inc. has a fifty-two week low of $17.27 and a fifty-two week high of $30.44. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 1.60 and a beta of 1.56. 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 stock has a fifty day moving average price of $27.20 and a 200-day moving average price of $24.21.

Archrock Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from Archrock's previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 2.85%. Archrock's dividend payout ratio is currently 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.