Louisiana State Employees Retirement System Raises Stake in Archrock, Inc. (NYSE:AROC)

Louisiana State Employees Retirement System increased its stake in Archrock, Inc. (NYSE:AROC) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,700 shares of the energy company’s stock after buying an additional 3,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Archrock were worth $2,108,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its holdings in shares of Archrock by 5.1% in the 4th quarter. Empowered Funds LLC now owns 72,890 shares of the energy company’s stock worth $1,814,000 after buying an additional 3,541 shares during the period. State of Alaska Department of Revenue lifted its stake in Archrock by 3.3% in the fourth quarter. State of Alaska Department of Revenue now owns 99,554 shares of the energy company’s stock worth $2,477,000 after acquiring an additional 3,149 shares during the period. Yousif Capital Management LLC grew its holdings in Archrock by 1.6% during the 4th quarter. Yousif Capital Management LLC now owns 66,087 shares of the energy company’s stock worth $1,645,000 after acquiring an additional 1,047 shares in the last quarter. Spire Wealth Management increased its position in Archrock by 396.6% during the 4th quarter. Spire Wealth Management now owns 55,657 shares of the energy company’s stock valued at $1,385,000 after purchasing an additional 44,450 shares during the period. Finally, Hantz Financial Services Inc. purchased a new stake in shares of Archrock in the 4th quarter worth approximately $107,000. Institutional investors own 95.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AROC shares. JPMorgan Chase & Co. lifted their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Royal Bank of Canada lifted their price target on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $25.17.

Archrock Stock Performance

Shares of NYSE AROC opened at $27.60 on Friday. The company has a 50 day simple moving average of $26.96 and a two-hundred day simple moving average of $23.17. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 1.70 and a beta of 1.57. 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 12 month low of $16.34 and a 12 month high of $30.44.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 12th. 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 2.75%. Archrock’s payout ratio is currently 76.92%.

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.