HUB Investment Partners LLC Acquires Shares of 11,740 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 Form 13F filing with the SEC. The institutional investor acquired 11,740 shares of the energy company's stock, valued at approximately $292,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Archrock by 3.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,397 shares of the energy company's stock worth $931,000 after purchasing an additional 1,287 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Archrock during the fourth quarter worth $311,000. Crown Advisors Management Inc. boosted its stake 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 buying an additional 50,000 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in Archrock by 3.4% in the 4th quarter. Maryland State Retirement & Pension System now owns 58,991 shares of the energy company's stock valued at $1,468,000 after buying an additional 1,942 shares in the last quarter. Finally, Xponance Inc. increased its stake in shares of Archrock by 18.5% in the 4th quarter. Xponance Inc. now owns 12,833 shares of the energy company's stock worth $319,000 after acquiring an additional 2,002 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company's stock.

Wall Street Analyst Weigh In

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

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Archrock Trading Down 1.1 %

Archrock stock traded down $0.29 during midday trading on Thursday, reaching $26.58. 965,575 shares of the stock traded hands, compared to its average volume of 1,375,951. The firm has a market cap of $4.66 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 1.60 and a beta of 1.56. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The company has a 50-day simple moving average of $27.17 and a two-hundred day simple moving average of $24.47. 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 disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.86%. This is a positive change from Archrock's previous quarterly dividend of $0.18. 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.