Barclays PLC Purchases 228,834 Shares of Archrock, Inc. (NYSE:AROC)

Barclays PLC boosted its holdings in Archrock, Inc. (NYSE:AROC - Free Report) by 75.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 531,444 shares of the energy company's stock after purchasing an additional 228,834 shares during the quarter. Barclays PLC owned approximately 0.30% of Archrock worth $13,229,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. grew its position in shares of Archrock by 5.9% during the third quarter. Franklin Resources Inc. now owns 94,756 shares of the energy company's stock valued at $2,020,000 after purchasing an additional 5,295 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Archrock by 0.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company's stock worth $1,025,000 after acquiring an additional 427 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Archrock by 24.4% in the third quarter. Principal Financial Group Inc. now owns 853,295 shares of the energy company's stock valued at $17,271,000 after purchasing an additional 167,510 shares in the last quarter. JPMorgan Chase & Co. increased its position in Archrock by 94.5% in the third quarter. JPMorgan Chase & Co. now owns 422,383 shares of the energy company's stock worth $8,549,000 after purchasing an additional 205,241 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Archrock by 36.8% during the fourth quarter. GAMMA Investing LLC now owns 7,181 shares of the energy company's stock valued at $179,000 after purchasing an additional 1,930 shares in the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Archrock Trading Up 3.9 %

Shares of AROC stock traded up $0.90 on Thursday, reaching $24.13. 680,769 shares of the company's stock were exchanged, compared to its average volume of 1,469,213. 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 company's fifty day simple moving average is $24.97 and its 200 day simple moving average is $24.94. Archrock, Inc. has a 52 week low of $17.27 and a 52 week high of $30.44. The stock has a market capitalization of $4.23 billion, a PE ratio of 26.52, a P/E/G ratio of 1.60 and a beta of 1.25.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Wednesday, February 12th. This is an increase from Archrock's previous quarterly dividend of $0.18. Archrock's payout ratio is currently 73.08%.

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.