Crown Advisors Management Inc. Acquires 50,000 Shares of Archrock, Inc. (NYSE:AROC)

Crown Advisors Management Inc. increased its position in Archrock, Inc. (NYSE:AROC - Free Report) by 33.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 200,000 shares of the energy company's stock after buying an additional 50,000 shares during the quarter. Archrock accounts for approximately 3.2% of Crown Advisors Management Inc.'s investment portfolio, making the stock its 11th largest position. Crown Advisors Management Inc. owned approximately 0.11% of Archrock worth $4,978,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. State Street Corp grew its position in shares of Archrock by 11.5% in the 3rd quarter. State Street Corp now owns 6,836,745 shares of the energy company's stock valued at $138,376,000 after buying an additional 707,379 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Archrock by 16.0% during 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 last quarter. Charles Schwab Investment Management Inc. lifted 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 boosted its holdings in Archrock by 5.5% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 1,614,264 shares of the energy company's stock valued at $40,179,000 after acquiring an additional 83,824 shares during the last quarter. Finally, Raymond James Financial Inc. acquired 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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Archrock Trading Down 1.2 %

Shares of NYSE:AROC traded down $0.32 during mid-day trading on Friday, hitting $26.37. The company had a trading volume of 2,606,279 shares, compared to its average volume of 1,381,583. The company has a market capitalization of $4.62 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 1.60 and a beta of 1.56. Archrock, Inc. has a one year low of $17.27 and a one year high of $30.44. The firm has a fifty day moving average price of $27.23 and a 200 day moving average price of $24.31. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.76 annualized dividend and a dividend yield of 2.88%. This is a positive change from Archrock's previous quarterly dividend of $0.18. Archrock's dividend payout ratio is currently 73.08%.

Wall Street Analyst Weigh In

AROC has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of 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. upped their price target 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 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $26.67.

Archrock Company 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.