28,000 Shares in Archrock, Inc. (NYSE:AROC) Bought by Corps Capital Advisors LLC

Corps Capital Advisors LLC bought a new stake in Archrock, Inc. (NYSE:AROC) during the fourth quarter, Holdings Channel reports. The firm bought 28,000 shares of the energy company’s stock, valued at approximately $697,000.

Several other institutional investors have also recently bought and sold shares of the company. Ieq Capital LLC acquired a new stake in Archrock in the 4th quarter valued at approximately $431,000. New York State Common Retirement Fund grew its stake in shares of Archrock by 10.7% in the fourth quarter. New York State Common Retirement Fund now owns 52,873 shares of the energy company’s stock worth $1,316,000 after acquiring an additional 5,100 shares during the last quarter. Principal Financial Group Inc. increased its position in Archrock by 7.5% during the fourth quarter. Principal Financial Group Inc. now owns 916,945 shares of the energy company’s stock worth $22,823,000 after acquiring an additional 63,650 shares during the period. Monument Capital Management acquired a new position in Archrock during the 4th quarter valued at $236,000. Finally, Allworth Financial LP boosted its holdings in Archrock by 646.8% in the 4th quarter. Allworth Financial LP now owns 14,466 shares of the energy company’s stock valued at $360,000 after purchasing an additional 12,529 shares during the period. Institutional investors own 95.45% of the company’s stock.

Archrock Price Performance

NYSE:AROC opened at $28.15 on Thursday. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 1.68 and a beta of 1.57. The company has a 50-day moving average of $27.08 and a 200-day moving average of $23.36. Archrock, Inc. has a 52 week low of $17.16 and a 52 week high of $30.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.70%. This is an increase from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. Archrock’s payout ratio is presently 83.52%.

Analysts Set New Price Targets

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

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.