Archrock, Inc. (NYSE:AROC) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in Archrock, Inc. (NYSE:AROC - Free Report) by 27.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 909,003 shares of the energy company's stock after purchasing an additional 194,352 shares during the period. Natixis Advisors LLC owned about 0.52% of Archrock worth $22,625,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Brown Brothers Harriman & Co. purchased a new stake in shares of Archrock in the third quarter valued at approximately $28,000. Wolverine Asset Management LLC increased its holdings in Archrock by 111.8% in 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 in the last quarter. Continuum Advisory LLC raised its position in Archrock by 5,621.6% during the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company's stock worth $43,000 after acquiring an additional 2,080 shares during the period. Millburn Ridgefield Corp purchased a new position in Archrock during the third quarter valued at $50,000. Finally, Montag A & Associates Inc. acquired a new stake in shares of Archrock in the fourth quarter valued at about $55,000. Institutional investors and hedge funds own 95.45% of the company's stock.

Archrock Price Performance

AROC traded down $0.32 during trading on Friday, reaching $26.37. The company's stock had a trading volume of 2,606,279 shares, compared to its average volume of 1,382,703. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 1.60 and a beta of 1.56. The firm has a fifty day simple moving average of $27.23 and a two-hundred day simple moving average of $24.23. Archrock, Inc. has a 1 year low of $17.27 and a 1 year high of $30.44. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73.

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Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were given a dividend of $0.19 per share. This is an increase from Archrock's previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. This represents a $0.76 dividend on an annualized basis and a yield of 2.88%. Archrock's dividend payout ratio (DPR) is presently 73.08%.

Analysts Set New Price Targets

Several research analysts recently weighed in on AROC shares. JPMorgan Chase & Co. upped their price target on shares of Archrock from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. Citigroup raised their target price on Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Archrock presently has a consensus rating of "Moderate Buy" and an average target price 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.