Invesco Ltd. Raises Stock Holdings in Archrock, Inc. (NYSE:AROC)

Invesco Ltd. lifted its holdings in Archrock, Inc. (NYSE:AROC) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,883,949 shares of the energy company’s stock after purchasing an additional 1,008,438 shares during the quarter. Invesco Ltd. owned 5.07% of Archrock worth $221,121,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wolverine Asset Management LLC raised its position in Archrock by 111.8% during the fourth 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 increased its position in shares of Archrock by 5,621.6% during 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 during the last quarter. Montag A & Associates Inc. purchased a new stake in Archrock during the 4th quarter valued at $55,000. R Squared Ltd bought a new stake in Archrock in the fourth quarter worth $76,000. Finally, Hantz Financial Services Inc. purchased a new position in Archrock during the fourth quarter worth $107,000. Institutional investors own 95.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup increased their target price on shares of Archrock from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Archrock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.67.

Archrock Price Performance

AROC opened at $22.78 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The business has a fifty day moving average of $25.70 and a 200 day moving average of $24.82. Archrock, Inc. has a 52-week low of $17.27 and a 52-week high of $30.44. The stock has a market cap of $3.99 billion, a P/E ratio of 25.04, a PEG ratio of 1.60 and a beta of 1.25.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.19 per share. This is a positive change from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Wednesday, February 12th. Archrock’s payout ratio is currently 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.