Commonwealth Equity Services LLC Purchases New Shares in Archrock, Inc. (NYSE:AROC)

Commonwealth Equity Services LLC bought a new position in shares of Archrock, Inc. (NYSE:AROC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,790 shares of the energy company's stock, valued at approximately $443,000.

Other large investors have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its stake in Archrock by 0.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company's stock valued at $1,025,000 after purchasing an additional 427 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Archrock by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 48,091 shares of the energy company's stock valued at $1,197,000 after buying an additional 796 shares in the last quarter. Yousif Capital Management LLC increased its holdings in Archrock by 1.6% during the fourth quarter. Yousif Capital Management LLC now owns 66,087 shares of the energy company's stock worth $1,645,000 after buying an additional 1,047 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Archrock by 1.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 61,383 shares of the energy company's stock worth $1,528,000 after acquiring an additional 1,108 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in Archrock by 4.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 26,534 shares of the energy company's stock worth $660,000 after acquiring an additional 1,126 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.

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Analyst Ratings Changes

Separately, Citigroup boosted 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 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, the company has a consensus rating of "Moderate Buy" and an average price target of $26.67.

Archrock Stock Performance

Shares of AROC traded down $1.14 during trading hours on Thursday, hitting $22.35. The company had a trading volume of 1,837,119 shares, compared to its average volume of 1,462,774. The business has a fifty day moving average of $25.82 and a 200-day moving average of $24.81. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 1.60 and a beta of 1.25. Archrock, Inc. has a 12 month low of $17.27 and a 12 month high of $30.44.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders 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. This represents a $0.76 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Wednesday, February 12th. Archrock's dividend payout ratio is currently 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.