Aster Capital Management DIFC Ltd Sells 24,500 Shares of Archrock, Inc. (NYSE:AROC)

Aster Capital Management DIFC Ltd trimmed its holdings in Archrock, Inc. (NYSE:AROC - Free Report) by 86.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,683 shares of the energy company's stock after selling 24,500 shares during the period. Aster Capital Management DIFC Ltd's holdings in Archrock were worth $92,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Wolverine Asset Management LLC grew 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 buying an additional 14,200 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of Archrock by 5,621.6% during the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company's stock worth $43,000 after acquiring an additional 2,080 shares in the last quarter. Montag A & Associates Inc. bought a new position in Archrock in the fourth quarter valued at approximately $55,000. R Squared Ltd acquired a new position in Archrock during the fourth quarter valued at approximately $76,000. Finally, Hantz Financial Services Inc. acquired a new position in Archrock during the fourth quarter valued at approximately $107,000. 95.45% of the stock is currently owned by institutional investors.

Archrock Price Performance

NYSE:AROC traded up $0.73 on Monday, hitting $23.53. The company had a trading volume of 201,629 shares, compared to its average volume of 1,463,481. The firm has a 50 day moving average of $25.70 and a two-hundred day moving average of $24.86. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 1.60 and a beta of 1.25. Archrock, Inc. has a 52 week low of $17.27 and a 52 week high of $30.44. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73.

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Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were issued a dividend of $0.19 per share. This is an increase from Archrock's previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. This represents a $0.76 annualized dividend and a dividend yield of 3.23%. Archrock's dividend payout ratio (DPR) is 73.08%.

Analysts Set New Price Targets

Separately, Citigroup raised their target price on Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $26.67.

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.