Sei Investments Co. Has $133.28 Million Position in Archrock, Inc. (NYSE:AROC)

Sei Investments Co. raised its position in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,354,764 shares of the energy company's stock after buying an additional 411,286 shares during the period. Sei Investments Co. owned about 3.06% of Archrock worth $133,280,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AROC. KBC Group NV raised its holdings in Archrock by 23.6% in the third quarter. KBC Group NV now owns 5,324 shares of the energy company's stock worth $108,000 after purchasing an additional 1,016 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Archrock by 5.9% in the third quarter. Empowered Funds LLC now owns 69,349 shares of the energy company's stock worth $1,404,000 after buying an additional 3,871 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of Archrock by 12.4% in the third quarter. Mutual of America Capital Management LLC now owns 25,408 shares of the energy company's stock worth $514,000 after purchasing an additional 2,802 shares during the period. Jennison Associates LLC increased its stake in Archrock by 90.1% in the 3rd quarter. Jennison Associates LLC now owns 61,978 shares of the energy company's stock worth $1,254,000 after buying an additional 29,378 shares in the last quarter. Finally, Moran Wealth Management LLC grew its holdings in Archrock by 45.9% during the 3rd quarter. Moran Wealth Management LLC now owns 24,039 shares of the energy company's stock valued at $487,000 after buying an additional 7,565 shares in the last quarter. 95.45% of the stock is owned by institutional investors.

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Archrock Price Performance

NYSE AROC traded down $0.38 during mid-day trading on Wednesday, hitting $26.85. The stock had a trading volume of 966,799 shares, compared to its average volume of 1,377,576. Archrock, Inc. has a 52-week low of $17.27 and a 52-week 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. The company has a 50 day simple moving average of $27.21 and a 200 day simple moving average of $24.46. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 29.50, 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 given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.76 annualized dividend and a dividend yield of 2.83%. This is a positive change from Archrock's previous quarterly dividend of $0.18. Archrock's dividend payout ratio is currently 73.08%.

Analyst Upgrades and Downgrades

Several research firms recently commented on AROC. JPMorgan Chase & Co. lifted their price target on Archrock from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. Citigroup increased their price target on shares of Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.67.

Archrock 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.