Callan Family Office LLC Acquires New Position in Archrock, Inc. (NYSE:AROC)

Callan Family Office LLC acquired a new stake in Archrock, Inc. (NYSE:AROC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 11,637 shares of the energy company's stock, valued at approximately $290,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atria Investments Inc grew its stake in shares of Archrock by 17.4% in the fourth quarter. Atria Investments Inc now owns 38,313 shares of the energy company's stock worth $954,000 after purchasing an additional 5,665 shares in the last quarter. Barclays PLC raised its holdings in Archrock by 124.2% during the third quarter. Barclays PLC now owns 302,610 shares of the energy company's stock worth $6,125,000 after purchasing an additional 167,648 shares in the last quarter. JPMorgan Chase & Co. lifted 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 period. Verition Fund Management LLC acquired a new position in shares of Archrock during the 3rd quarter valued at $314,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Archrock in the 3rd quarter worth $200,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AROC shares. Royal Bank of Canada lifted their target price on Archrock from $26.00 to $27.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. raised their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, November 29th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $25.17.

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Archrock Trading Up 3.7 %

AROC traded up $0.90 during trading on Friday, reaching $24.96. The company had a trading volume of 1,752,186 shares, compared to its average volume of 1,379,119. The firm's 50-day simple moving average is $27.19 and its 200 day simple moving average is $24.02. 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 $4.37 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 1.60 and a beta of 1.56. Archrock, Inc. has a 12-month low of $17.27 and a 12-month high of $30.44.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.05%. This is a boost from Archrock's previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. Archrock's payout ratio is presently 73.08%.

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.