Archrock, Inc. (NYSE:AROC) Shares Purchased by Earnest Partners LLC

Earnest Partners LLC grew its holdings in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,074,904 shares of the energy company's stock after purchasing an additional 47,563 shares during the period. Archrock accounts for 1.5% of Earnest Partners LLC's portfolio, making the stock its 8th biggest position. Earnest Partners LLC owned approximately 7.46% of Archrock worth $325,434,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wolverine Asset Management LLC raised its stake in Archrock by 111.8% during the fourth quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock worth $37,000 after acquiring an additional 14,200 shares during the period. Montag A & Associates Inc. acquired a new stake in shares of Archrock during the 4th quarter worth approximately $55,000. R Squared Ltd bought a new stake in shares of Archrock in the 4th quarter worth approximately $76,000. Hantz Financial Services Inc. bought a new stake in shares of Archrock in the 4th quarter worth approximately $107,000. Finally, Covestor Ltd boosted its position in Archrock by 580.6% during the 4th quarter. Covestor Ltd now owns 4,485 shares of the energy company's stock valued at $111,000 after purchasing an additional 3,826 shares during the period. 95.45% of the stock is currently owned by institutional investors.

Archrock Trading Up 1.1 %

Archrock stock opened at $24.36 on Friday. Archrock, Inc. has a 12-month low of $17.27 and a 12-month high of $30.44. The stock has a market capitalization of $4.27 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The firm has a 50 day simple moving average of $24.83 and a 200-day simple moving average of $25.01. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Tuesday, May 6th. Archrock's payout ratio is currently 73.08%.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised their target price on Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Archrock has a consensus rating of "Moderate Buy" and a consensus price target of $26.67.

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.

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