Sei Investments Co. Boosts Holdings in Archrock, Inc. (NYSE:AROC)

Sei Investments Co. grew its stake in Archrock, Inc. (NYSE:AROC - Free Report) by 8.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,354,764 shares of the energy company's stock after purchasing an additional 411,286 shares during the period. Sei Investments Co. owned approximately 3.06% of Archrock worth $133,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in AROC. Atria Investments Inc increased its position in Archrock by 17.4% during the fourth quarter. Atria Investments Inc now owns 38,313 shares of the energy company's stock worth $954,000 after purchasing an additional 5,665 shares during the last quarter. Barclays PLC increased its holdings in shares of Archrock by 124.2% during the 3rd quarter. Barclays PLC now owns 302,610 shares of the energy company's stock worth $6,125,000 after buying an additional 167,648 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Archrock by 94.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 422,383 shares of the energy company's stock valued at $8,549,000 after buying an additional 205,241 shares during the period. Verition Fund Management LLC acquired a new position in Archrock in the third quarter valued at approximately $314,000. Finally, Charles Schwab Investment Management Inc. grew its position in Archrock by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,358,092 shares of the energy company's stock worth $58,693,000 after acquiring an additional 34,272 shares during the period. Institutional investors and hedge funds own 95.45% of the company's stock.

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Archrock Trading Down 0.3 %

Archrock stock traded down $0.08 during midday trading on Tuesday, reaching $27.23. 254,564 shares of the stock traded hands, compared to its average volume of 1,426,075. The firm has a market cap of $4.77 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 1.60 and a beta of 1.56. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The company has a 50-day simple moving average of $27.24 and a two-hundred day simple moving average of $24.40. Archrock, Inc. has a 12-month low of $17.26 and a 12-month high of $30.44.

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 issued 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 annualized dividend and a yield of 2.79%. Archrock's dividend payout ratio is 73.08%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Archrock from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Friday, November 29th. Citigroup increased their target price on shares of Archrock from $32.00 to $33.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.