O Shaughnessy Asset Management LLC Purchases 15,401 Shares of Archrock, Inc. (NYSE:AROC)

O Shaughnessy Asset Management LLC boosted its stake in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 42.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,921 shares of the energy company's stock after acquiring an additional 15,401 shares during the period. O Shaughnessy Asset Management LLC's holdings in Archrock were worth $1,292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Wolverine Asset Management LLC grew its position in shares of Archrock by 111.8% during the fourth quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock valued at $37,000 after purchasing an additional 14,200 shares in the last quarter. Continuum Advisory LLC grew its holdings in Archrock by 5,621.6% during the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company's stock valued at $43,000 after buying an additional 2,080 shares in the last quarter. Montag A & Associates Inc. bought a new stake in Archrock in the 4th quarter worth approximately $55,000. R Squared Ltd purchased a new stake in shares of Archrock during the 4th quarter worth approximately $76,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Archrock during the 4th quarter valued at approximately $107,000. 95.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup boosted their price target on shares of Archrock from $32.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. One analyst has rated the stock with a hold rating and six have assigned 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 $26.67.

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Archrock Trading Up 2.1 %

Shares of Archrock stock traded up $0.47 on Friday, reaching $22.78. The company had a trading volume of 1,916,634 shares, compared to its average volume of 1,465,905. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 1.60 and a beta of 1.25. 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 firm's 50-day moving average price is $25.70 and its two-hundred day moving average price is $24.82. Archrock, Inc. has a 1 year low of $17.27 and a 1 year high of $30.44.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.34%. 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 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.