New Age Alpha Advisors LLC Makes New $242,000 Investment in Archrock, Inc. (NYSE:AROC)

New Age Alpha Advisors LLC purchased a new position in shares of Archrock, Inc. (NYSE:AROC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,730 shares of the energy company's stock, valued at approximately $242,000.

A number of other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new position in shares of Archrock during the 4th quarter valued at about $13,383,000. JPMorgan Chase & Co. lifted its holdings in Archrock by 135.1% during the fourth quarter. JPMorgan Chase & Co. now owns 993,063 shares of the energy company's stock valued at $24,717,000 after purchasing an additional 570,680 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Archrock by 1.1% in the fourth quarter. Prudential Financial Inc. now owns 176,775 shares of the energy company's stock worth $4,400,000 after purchasing an additional 1,954 shares during the period. Vanguard Group Inc. increased its stake in shares of Archrock by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 21,571,800 shares of the energy company's stock worth $536,922,000 after purchasing an additional 508,214 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of Archrock by 7.6% during the 4th quarter. LPL Financial LLC now owns 124,105 shares of the energy company's stock valued at $3,089,000 after purchasing an additional 8,807 shares during the period. Institutional investors own 95.45% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Citigroup upped their target price 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 investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $26.67.

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Archrock Price Performance

Shares of AROC stock traded down $0.33 during mid-day trading on Monday, hitting $21.47. The company had a trading volume of 3,010,976 shares, compared to its average volume of 1,452,506. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The stock's 50 day moving average price is $26.47 and its 200-day moving average price is $24.82. Archrock, Inc. has a 52-week low of $17.27 and a 52-week high of $30.44. The company has a market capitalization of $3.76 billion, a P/E ratio of 23.59, a P/E/G ratio of 1.60 and a beta of 1.25.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.76 annualized dividend and a yield of 3.54%. This is a boost from Archrock's previous quarterly dividend of $0.18. Archrock's payout ratio is presently 73.08%.

Archrock Company 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.