Boston Partners Grows Position in Archrock, Inc. (NYSE:AROC)

Boston Partners lifted its stake in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,296,812 shares of the energy company's stock after acquiring an additional 28,559 shares during the quarter. Boston Partners owned approximately 0.74% of Archrock worth $32,773,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Archrock by 11.5% in the 3rd quarter. State Street Corp now owns 6,836,745 shares of the energy company's stock worth $138,376,000 after buying an additional 707,379 shares during the period. Geode Capital Management LLC boosted its stake in shares of Archrock by 16.0% in the third quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company's stock worth $76,826,000 after acquiring an additional 523,825 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Archrock by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,358,092 shares of the energy company's stock worth $58,693,000 after acquiring an additional 34,272 shares during the period. Kayne Anderson Capital Advisors LP grew its position in shares of Archrock by 5.5% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 1,614,264 shares of the energy company's stock worth $40,179,000 after purchasing an additional 83,824 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Archrock during the 4th quarter valued at approximately $36,241,000. Institutional investors own 95.45% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have issued reports on AROC shares. JPMorgan Chase & Co. increased their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Citigroup raised their target price on shares of Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $26.67.

Archrock Price Performance

Shares of NYSE:AROC traded up $0.88 on Monday, reaching $27.29. The company's stock had a trading volume of 1,240,111 shares, compared to its average volume of 1,381,015. The company has a 50-day simple moving average of $27.23 and a 200 day simple moving average of $24.34. Archrock, Inc. has a 52-week low of $17.27 and a 52-week high of $30.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The company has a market cap of $4.78 billion, a P/E ratio of 29.99, a PEG ratio of 1.60 and a beta of 1.56.

Archrock Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.78%. Archrock's payout ratio is 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.