Archrock, Inc. (NYSE:AROC) Shares Purchased by Swiss National Bank

Swiss National Bank raised its position in Archrock, Inc. (NYSE:AROC - Free Report) by 7.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 311,200 shares of the energy company's stock after purchasing an additional 21,400 shares during the period. Swiss National Bank owned about 0.18% of Archrock worth $7,746,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AROC. Raymond James Financial Inc. purchased a new position in shares of Archrock during the 4th quarter worth approximately $36,241,000. Eagle Asset Management Inc. purchased a new position in Archrock during the third quarter worth $22,108,000. State Street Corp raised its holdings 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 worth $138,376,000 after acquiring an additional 707,379 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new position in shares of Archrock in the third quarter worth $10,939,000. Finally, Geode Capital Management LLC lifted its position in shares of Archrock by 16.0% in the third quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company's stock valued at $76,826,000 after acquiring an additional 523,825 shares in the last quarter. Hedge funds and other institutional investors own 95.45% of the company's stock.

Analyst Ratings Changes

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

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Archrock Trading Down 0.5 %

AROC stock traded down $0.13 on Tuesday, hitting $27.18. 1,102,751 shares of the company were exchanged, compared to its average volume of 1,380,722. 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 has a market capitalization of $4.76 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 1.60 and a beta of 1.56. Archrock, Inc. has a twelve month low of $17.27 and a twelve month high of $30.44. The business's fifty day moving average is $27.21 and its two-hundred day moving average is $24.46.

Archrock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from Archrock's previous quarterly dividend of $0.18. Archrock's payout ratio is 73.08%.

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.