Invesco Ltd. Acquires 1,008,438 Shares of Archrock, Inc. (NYSE:AROC)

Invesco Ltd. grew its holdings in Archrock, Inc. (NYSE:AROC - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,883,949 shares of the energy company's stock after buying an additional 1,008,438 shares during the quarter. Invesco Ltd. owned 5.07% of Archrock worth $221,121,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in AROC. Wolverine Asset Management LLC grew its holdings in Archrock by 111.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock worth $37,000 after acquiring an additional 14,200 shares during the last quarter. Continuum Advisory LLC increased its holdings in shares of Archrock by 5,621.6% in the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company's stock valued at $43,000 after purchasing an additional 2,080 shares in the last quarter. Montag A & Associates Inc. bought a new position in Archrock in the 4th quarter worth approximately $55,000. R Squared Ltd acquired a new position in Archrock during the 4th quarter worth $76,000. Finally, Hantz Financial Services Inc. bought a new position in Archrock in the 4th quarter valued at $107,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Archrock Trading Up 0.9 %

Shares of Archrock stock traded up $0.20 during trading on Tuesday, hitting $23.56. 984,999 shares of the company were exchanged, compared to its average volume of 1,466,384. The firm has a market capitalization of $4.13 billion, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The firm's fifty day moving average price is $25.59 and its 200 day moving average price is $24.88. 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, Inc. has a 1-year low of $17.27 and a 1-year high of $30.44.

Remove Ads

Archrock Increases Dividend

The company also recently declared 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. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.23%. This is a boost from Archrock's previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. Archrock's dividend payout ratio (DPR) is currently 73.08%.

Analyst Upgrades and Downgrades

Separately, Citigroup upped their price target on Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a research note 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.67.

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.