Cibc World Markets Corp Purchases Shares of 15,618 Archrock, Inc. (NYSE:AROC)

Cibc World Markets Corp bought a new position in shares of Archrock, Inc. (NYSE:AROC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,618 shares of the energy company's stock, valued at approximately $389,000.

Other large investors also recently modified their holdings of the company. Mutual of America Capital Management LLC grew its position in shares of Archrock by 12.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 25,408 shares of the energy company's stock valued at $514,000 after buying an additional 2,802 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Archrock by 90.1% during the third quarter. Jennison Associates LLC now owns 61,978 shares of the energy company's stock valued at $1,254,000 after purchasing an additional 29,378 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Archrock by 58.7% during the 3rd quarter. Intech Investment Management LLC now owns 59,401 shares of the energy company's stock worth $1,202,000 after purchasing an additional 21,980 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Archrock by 13.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,323,820 shares of the energy company's stock worth $47,034,000 after purchasing an additional 274,763 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of Archrock by 59.6% in the 3rd quarter. Citigroup Inc. now owns 447,160 shares of the energy company's stock worth $9,051,000 after purchasing an additional 166,947 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors.

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Archrock Stock Performance

Shares of NYSE:AROC traded down $0.29 on Thursday, hitting $26.58. The company's stock had a trading volume of 965,575 shares, compared to its average volume of 1,375,951. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 1.60 and a beta of 1.56. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. Archrock, Inc. has a 12 month low of $17.27 and a 12 month high of $30.44. The stock's 50-day moving average is $27.17 and its two-hundred day moving average is $24.47.

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 $0.19 dividend. This is a positive change from Archrock's previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Wednesday, February 12th. Archrock's dividend payout ratio is currently 73.08%.

Wall Street Analysts Forecast Growth

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

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.