Intech Investment Management LLC Increases Holdings in Archrock, Inc. (NYSE:AROC)

Intech Investment Management LLC grew its holdings in shares of Archrock, Inc. (NYSE:AROC) by 200.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,250 shares of the energy company’s stock after purchasing an additional 118,849 shares during the quarter. Intech Investment Management LLC owned approximately 0.10% of Archrock worth $4,437,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Counterpoint Mutual Funds LLC increased its position in shares of Archrock by 21.1% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 29,827 shares of the energy company’s stock valued at $742,000 after purchasing an additional 5,190 shares during the last quarter. Cibc World Markets Corp purchased a new stake in shares of Archrock during the 4th quarter valued at $389,000. Corient Private Wealth LLC purchased a new stake in shares of Archrock during the 4th quarter valued at $213,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Archrock during the 4th quarter valued at $242,000. Finally, Natixis Advisors LLC increased its position in shares of Archrock by 27.2% during the 4th quarter. Natixis Advisors LLC now owns 909,003 shares of the energy company’s stock valued at $22,625,000 after purchasing an additional 194,352 shares during the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Stock Up 0.0 %

AROC stock opened at $25.70 on Wednesday. Archrock, Inc. has a fifty-two week low of $17.27 and a fifty-two week high of $30.44. The stock has a fifty day moving average of $27.17 and a 200-day moving average of $24.19. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 1.60 and a beta of 1.56.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.76 annualized dividend and a yield of 2.96%. This is an increase from Archrock’s previous quarterly dividend of $0.18. Archrock’s dividend payout ratio (DPR) is currently 73.08%.

Wall Street Analyst Weigh In

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

Archrock Company 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.