Federated Hermes Inc. Raises Holdings in Archrock, Inc. (NYSE:AROC)

Federated Hermes Inc. grew its stake in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 1,585,722.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 555,038 shares of the energy company's stock after acquiring an additional 555,003 shares during the period. Federated Hermes Inc. owned 0.32% of Archrock worth $13,815,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AROC. Vanguard Group Inc. boosted its stake in Archrock by 2.4% during the fourth 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 stake in Archrock by 11.5% in the third quarter. State Street Corp now owns 6,836,745 shares of the energy company's stock valued at $138,376,000 after purchasing an additional 707,379 shares in the last quarter. Sei Investments Co. grew its stake in Archrock by 8.3% in the 4th quarter. Sei Investments Co. now owns 5,354,764 shares of the energy company's stock worth $133,280,000 after buying an additional 411,286 shares in the last quarter. American Century Companies Inc. increased its holdings 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 worth $122,634,000 after buying an additional 448,410 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Archrock by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 3,873,691 shares of the energy company's stock worth $96,439,000 after acquiring an additional 78,710 shares during the last quarter. 95.45% of the stock is owned by institutional investors.

Remove Ads

Archrock Stock Up 1.7 %

Shares of NYSE:AROC traded up $0.40 during trading on Tuesday, hitting $23.76. The stock had a trading volume of 176,103 shares, compared to its average volume of 1,463,264. 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 12 month low of $17.27 and a 12 month high of $30.44. The company has a market capitalization of $4.17 billion, a PE ratio of 26.08, a PEG ratio of 1.60 and a beta of 1.25. The firm's fifty day moving average is $25.59 and its 200 day moving average is $24.88.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were given a dividend of $0.19 per share. This is a boost from Archrock's previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Wednesday, February 12th. Archrock's dividend payout ratio (DPR) is 73.08%.

Analyst Upgrades and Downgrades

Separately, Citigroup raised their price target on Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. One investment 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 an average rating of "Moderate Buy" and an average target price 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.