HUB Investment Partners LLC Buys New Holdings in Archrock, Inc. (NYSE:AROC)

HUB Investment Partners LLC acquired a new stake in Archrock, Inc. (NYSE:AROC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,740 shares of the energy company's stock, valued at approximately $292,000.

A number of other large investors have also recently made changes to their positions in the company. State Street Corp grew its stake in Archrock by 11.5% in the third quarter. State Street Corp now owns 6,836,745 shares of the energy company's stock worth $138,376,000 after purchasing an additional 707,379 shares in the last quarter. Geode Capital Management LLC increased its stake 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 valued at $76,826,000 after buying an additional 523,825 shares during the period. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $58,693,000 after acquiring an additional 34,272 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its stake 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 worth $40,179,000 after acquiring an additional 83,824 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Archrock during the 4th quarter worth about $36,241,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citigroup upped 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 target price on Archrock from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Friday, November 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Archrock presently has an average rating of "Moderate Buy" and an average target price of $26.67.

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Archrock Stock Up 0.0 %

NYSE:AROC traded up $0.01 during midday trading on Tuesday, reaching $27.32. 465,073 shares of the stock traded hands, compared to its average volume of 1,380,883. The stock has a market capitalization of $4.79 billion, a PE ratio of 30.06, a price-to-earnings-growth ratio of 1.60 and a beta of 1.56. Archrock, Inc. has a 12-month low of $17.27 and a 12-month high of $30.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The business has a 50-day moving average of $27.24 and a two-hundred day moving average of $24.40.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were paid a $0.19 dividend. The ex-dividend date was Wednesday, February 12th. This is a boost from Archrock's previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 2.78%. Archrock's dividend payout ratio (DPR) is 73.08%.

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.