Arrowstreet Capital Limited Partnership Has $14.77 Million Stake in Archrock, Inc. (NYSE:AROC)

Arrowstreet Capital Limited Partnership boosted its position in Archrock, Inc. (NYSE:AROC) by 26.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 593,566 shares of the energy company’s stock after purchasing an additional 123,027 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Archrock were worth $14,774,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Archrock by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 21,571,800 shares of the energy company’s stock worth $536,922,000 after purchasing an additional 508,214 shares during the last quarter. State Street Corp grew its position in shares of Archrock by 11.5% in the 3rd quarter. State Street Corp now owns 6,836,745 shares of the energy company’s stock valued at $138,376,000 after buying an additional 707,379 shares during the last quarter. Sei Investments Co. increased its stake in shares of Archrock by 8.3% in the fourth quarter. Sei Investments Co. now owns 5,354,764 shares of the energy company’s stock valued at $133,280,000 after buying an additional 411,286 shares during the period. American Century Companies Inc. raised its position in shares of Archrock by 10.0% during the fourth quarter. American Century Companies Inc. now owns 4,927,024 shares of the energy company’s stock worth $122,634,000 after acquiring an additional 448,410 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake 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 worth $76,826,000 after acquiring an additional 523,825 shares during the period. 95.45% of the stock is currently owned by institutional investors.

Archrock Trading Down 10.8 %

AROC opened at $21.78 on Friday. The company has a market cap of $3.82 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The company has a fifty day moving average price of $26.58 and a two-hundred day moving average price of $24.75. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. Archrock, Inc. has a 1-year low of $17.27 and a 1-year high of $30.44.

Archrock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were paid a dividend of $0.19 per share. This is an increase from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Wednesday, February 12th. Archrock’s dividend payout ratio is 73.08%.

Wall Street Analysts Forecast Growth

Separately, Citigroup boosted their price target on shares of Archrock from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.