Archrock, Inc. (NYSE:AROC) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its position in Archrock, Inc. (NYSE:AROC - Free Report) by 26.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 593,566 shares of the energy company's stock after acquiring an additional 123,027 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.34% of Archrock worth $14,774,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Pictet Asset Management Holding SA raised its position in Archrock by 27.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 22,872 shares of the energy company's stock valued at $569,000 after purchasing an additional 4,898 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Archrock in the fourth quarter valued at about $242,000. Norges Bank purchased a new stake in shares of Archrock in the fourth quarter valued at about $13,383,000. JPMorgan Chase & Co. boosted its stake in shares of Archrock by 135.1% during the fourth quarter. JPMorgan Chase & Co. now owns 993,063 shares of the energy company's stock worth $24,717,000 after buying an additional 570,680 shares during the period. Finally, Prudential Financial Inc. grew its holdings in shares of Archrock by 1.1% during the fourth quarter. Prudential Financial Inc. now owns 176,775 shares of the energy company's stock worth $4,400,000 after buying an additional 1,954 shares during the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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Archrock Stock Performance

Shares of Archrock stock traded up $2.54 on Wednesday, reaching $23.54. 2,192,675 shares of the stock were exchanged, compared to its average volume of 1,461,140. The firm has a market capitalization of $4.13 billion, a PE ratio of 25.87, a PEG ratio of 1.60 and a beta of 1.25. Archrock, Inc. has a 1-year low of $17.27 and a 1-year high of $30.44. The business has a fifty day moving average price of $25.94 and a two-hundred day moving average price of $24.80. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were issued a $0.19 dividend. This is a boost from Archrock's previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Wednesday, February 12th. Archrock's dividend payout ratio (DPR) is currently 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.