Swiss National Bank Boosts Stock Position in Archrock, Inc. (NYSE:AROC)

Swiss National Bank raised its holdings in Archrock, Inc. (NYSE:AROC - Free Report) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 311,200 shares of the energy company's stock after purchasing an additional 21,400 shares during the period. Swiss National Bank owned 0.18% of Archrock worth $7,746,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Archrock during the 4th quarter worth about $36,241,000. Eagle Asset Management Inc. purchased a new stake in shares of Archrock in the third quarter worth about $22,108,000. State Street Corp boosted its position in shares of Archrock by 11.5% in the third quarter. State Street Corp now owns 6,836,745 shares of the energy company's stock valued at $138,376,000 after acquiring an additional 707,379 shares during the period. HITE Hedge Asset Management LLC purchased a new position in Archrock during the third quarter valued at approximately $10,939,000. Finally, Geode Capital Management LLC increased its holdings in Archrock by 16.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company's stock worth $76,826,000 after acquiring an additional 523,825 shares during the period. Institutional investors own 95.45% of the company's stock.

Archrock Price Performance

NYSE:AROC traded down $0.38 during mid-day trading on Wednesday, reaching $26.85. The stock had a trading volume of 966,787 shares, compared to its average volume of 1,433,361. The stock has a market capitalization of $4.71 billion, a P/E ratio of 29.50, a P/E/G ratio of 1.60 and a beta of 1.56. The firm has a 50 day moving average price of $27.21 and a two-hundred day moving average price of $24.46. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. Archrock, Inc. has a one year low of $17.26 and a one year high of $30.44.

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Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were given a $0.19 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.76 annualized dividend and a yield of 2.83%. This is an increase from Archrock's previous quarterly dividend of $0.18. Archrock's payout ratio is presently 73.08%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AROC shares. Citigroup boosted 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. JPMorgan Chase & Co. raised their price target on Archrock from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Friday, November 29th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.