Capital Fund Management S.A. Purchases New Holdings in Archrock, Inc. (NYSE:AROC)

Capital Fund Management S.A. bought a new position in shares of Archrock, Inc. (NYSE:AROC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 47,234 shares of the energy company's stock, valued at approximately $1,176,000.

A number of other hedge funds have also made changes to their positions in AROC. Wolverine Asset Management LLC boosted its stake in Archrock by 111.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock worth $37,000 after purchasing an additional 14,200 shares during the period. Montag A & Associates Inc. acquired a new stake in Archrock in the 4th quarter valued at about $55,000. R Squared Ltd acquired a new position in shares of Archrock in the fourth quarter worth $76,000. Hantz Financial Services Inc. purchased a new stake in Archrock in the 4th quarter worth approximately $107,000. Finally, Steph & Co. acquired a new position in Archrock in the 4th quarter valued at $129,000. Hedge funds and other institutional investors own 95.45% of the company's stock.

Analysts Set New Price Targets

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

Archrock Trading Up 2.0 %

Shares of Archrock stock traded up $0.46 during trading hours on Friday, reaching $24.04. The stock had a trading volume of 939,074 shares, compared to its average volume of 1,469,655. The firm has a 50 day simple moving average of $25.24 and a two-hundred day simple moving average of $24.91. 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, Inc. has a 1 year low of $17.27 and a 1 year high of $30.44. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 1.60 and a beta of 1.25.

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 given a $0.19 dividend. This is an increase 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 annualized dividend and a dividend yield of 3.16%. Archrock's dividend 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.