Jackson Creek Investment Advisors LLC Makes New Investment in Archrock, Inc. (NYSE:AROC)

Jackson Creek Investment Advisors LLC acquired a new stake in shares of Archrock, Inc. (NYSE:AROC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 69,654 shares of the energy company's stock, valued at approximately $1,734,000.

Several other large investors have also modified their holdings of AROC. State Street Corp increased its position in shares of 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 acquiring an additional 707,379 shares in the last quarter. Geode Capital Management LLC boosted its stake in Archrock by 16.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company's stock worth $76,826,000 after purchasing an additional 523,825 shares during the period. Charles Schwab Investment Management Inc. grew its position in Archrock by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,358,092 shares of the energy company's stock worth $58,693,000 after purchasing an additional 34,272 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its stake in Archrock by 1,680.2% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company's stock valued at $30,976,000 after purchasing an additional 1,444,471 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Archrock during the 4th quarter valued at $36,241,000. 95.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AROC. Royal Bank of Canada lifted their price target on Archrock from $26.00 to $27.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. raised their price objective on Archrock from $25.00 to $27.00 and gave the stock 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 issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $25.17.

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Archrock Stock Up 5.9 %

Shares of NYSE:AROC traded up $1.35 during midday trading on Tuesday, hitting $24.07. 2,254,051 shares of the stock were exchanged, compared to its average volume of 1,419,173. The business's fifty day simple moving average is $27.24 and its two-hundred day simple moving average is $23.99. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. Archrock, Inc. has a 52-week low of $17.26 and a 52-week high of $30.44. The company has a market capitalization of $4.22 billion, a PE ratio of 26.45, a P/E/G ratio of 1.60 and a beta of 1.56.

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 issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.16%. This is a positive change from Archrock's previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. Archrock's payout ratio is currently 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.