Harvest Fund Management Co. Ltd Invests $311,000 in Archrock, Inc. (NYSE:AROC)

Harvest Fund Management Co. Ltd bought a new stake in shares of Archrock, Inc. (NYSE:AROC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,500 shares of the energy company's stock, valued at approximately $311,000.

Several other institutional investors have also bought and sold shares of AROC. Crown Advisors Management Inc. boosted its holdings in Archrock by 33.3% during the fourth quarter. Crown Advisors Management Inc. now owns 200,000 shares of the energy company's stock worth $4,978,000 after purchasing an additional 50,000 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of Archrock by 3.4% in the 4th quarter. Maryland State Retirement & Pension System now owns 58,991 shares of the energy company's stock worth $1,468,000 after buying an additional 1,942 shares during the last quarter. Xponance Inc. grew its holdings in shares of Archrock by 18.5% in the fourth quarter. Xponance Inc. now owns 12,833 shares of the energy company's stock valued at $319,000 after acquiring an additional 2,002 shares in the last quarter. Boston Partners grew its holdings in shares of Archrock by 2.3% in the fourth quarter. Boston Partners now owns 1,296,812 shares of the energy company's stock valued at $32,773,000 after acquiring an additional 28,559 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Archrock by 200.1% during the fourth quarter. Intech Investment Management LLC now owns 178,250 shares of the energy company's stock valued at $4,437,000 after acquiring an additional 118,849 shares during the last quarter. Institutional investors own 95.45% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citigroup upped their price objective on Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. JPMorgan Chase & Co. increased 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 equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Archrock has an average rating of "Moderate Buy" and a consensus price target of $26.67.

Archrock Stock Performance

Shares of NYSE AROC traded down $0.13 during trading on Tuesday, reaching $27.18. 1,102,751 shares of the stock traded hands, compared to its average volume of 1,379,526. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The stock has a market capitalization of $4.76 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 1.60 and a beta of 1.56. Archrock, Inc. has a 52-week low of $17.27 and a 52-week high of $30.44. The company has a 50-day moving average of $27.21 and a 200-day moving average of $24.46.

Archrock Increases Dividend

The firm also recently announced 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 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 2.80%. Archrock's dividend payout ratio (DPR) is presently 73.08%.

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.