American Century Companies Inc. Boosts Position in Archrock, Inc. (NYSE:AROC)

American Century Companies Inc. raised its stake in Archrock, Inc. (NYSE:AROC) by 10.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,927,024 shares of the energy company’s stock after buying an additional 448,410 shares during the period. American Century Companies Inc.’s holdings in Archrock were worth $122,634,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new position in shares of Archrock during the third quarter valued at $28,000. Wolverine Asset Management LLC increased its position in Archrock by 111.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock valued at $37,000 after purchasing an additional 14,200 shares during the period. Continuum Advisory LLC raised its holdings in shares of Archrock by 5,621.6% in the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock valued at $43,000 after purchasing an additional 2,080 shares in the last quarter. Montag A & Associates Inc. bought a new stake in shares of Archrock in the 4th quarter valued at about $55,000. Finally, Millburn Ridgefield Corp purchased a new stake in shares of Archrock in the 3rd quarter worth approximately $50,000. 95.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on AROC. Citigroup lifted their price objective on shares of Archrock from $32.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. boosted 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. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Archrock presently has an average rating of “Moderate Buy” and an average target price of $26.67.

Archrock Trading Down 1.2 %

NYSE:AROC opened at $26.37 on Monday. The firm has a 50 day moving average of $27.23 and a 200 day moving average of $24.34. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. Archrock, Inc. has a 52 week low of $17.27 and a 52 week high of $30.44. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 1.60 and a beta of 1.56.

Archrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were given a $0.19 dividend. This is a boost from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.88%. Archrock’s dividend payout ratio (DPR) is presently 73.08%.

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.