Victory Capital Management Inc. lowered its holdings in Archrock, Inc. (NYSE:AROC - Free Report) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 499,225 shares of the energy company's stock after selling 81,091 shares during the quarter. Victory Capital Management Inc. owned 0.29% of Archrock worth $12,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its holdings in shares of Archrock by 0.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company's stock worth $1,025,000 after acquiring an additional 427 shares during the period. Atria Investments Inc increased its position in shares of Archrock by 2.3% during the 3rd quarter. Atria Investments Inc now owns 32,648 shares of the energy company's stock valued at $661,000 after purchasing an additional 746 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Archrock by 1.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 48,091 shares of the energy company's stock worth $1,197,000 after purchasing an additional 796 shares during the period. Glenmede Trust Co. NA boosted its holdings in shares of Archrock by 2.7% in the third quarter. Glenmede Trust Co. NA now owns 31,485 shares of the energy company's stock worth $637,000 after buying an additional 838 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Archrock by 23.6% during the 3rd quarter. KBC Group NV now owns 5,324 shares of the energy company's stock worth $108,000 after acquiring an additional 1,016 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors.
Archrock Stock Up 3.2 %
NYSE AROC traded up $0.76 on Friday, hitting $24.82. The stock had a trading volume of 810,511 shares, compared to its average volume of 1,414,031. Archrock, Inc. has a 52-week low of $17.26 and a 52-week high of $30.44. The business's fifty day moving average price is $27.19 and its 200 day moving average price is $24.02. 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 cap of $4.35 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 1.60 and a beta of 1.56.
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 $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.06%. This is a boost from Archrock's previous quarterly dividend of $0.18. Archrock's dividend payout ratio (DPR) is currently 73.08%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on AROC. JPMorgan Chase & Co. upped their price target on shares of Archrock from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. Royal Bank of Canada raised their price target on Archrock from $26.00 to $27.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $25.17.
Check Out Our Latest Report on Archrock
About Archrock
(
Free Report)
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.
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