Capital Fund Management S.A. Purchases Shares of 47,234 Archrock, Inc. (NYSE:AROC)

Capital Fund Management S.A. acquired a new position in shares of Archrock, Inc. (NYSE:AROC) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 47,234 shares of the energy company’s stock, valued at approximately $1,176,000.

A number of other large investors have also made changes to their positions in AROC. Atria Investments Inc grew its holdings in shares of Archrock by 17.4% during the 4th quarter. Atria Investments Inc now owns 38,313 shares of the energy company’s stock valued at $954,000 after acquiring an additional 5,665 shares in the last quarter. Barclays PLC lifted its position in Archrock by 124.2% during the 3rd quarter. Barclays PLC now owns 302,610 shares of the energy company’s stock worth $6,125,000 after acquiring an additional 167,648 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Archrock by 94.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 422,383 shares of the energy company’s stock valued at $8,549,000 after purchasing an additional 205,241 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Archrock by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,358,092 shares of the energy company’s stock valued at $58,693,000 after acquiring an additional 34,272 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in Archrock in the 4th quarter valued at $242,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Stock Performance

Shares of AROC stock opened at $23.56 on Wednesday. The stock has a 50-day moving average of $25.50 and a 200-day moving average of $24.87. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The stock has a market cap of $4.13 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. Archrock, Inc. has a one year low of $17.27 and a one year high of $30.44.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors 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 dividend yield of 3.23%. This is a positive change from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. Archrock’s dividend payout ratio (DPR) is presently 73.08%.

Analyst Ratings Changes

Separately, Citigroup boosted their price objective on Archrock from $32.00 to $33.00 and gave the company a “buy” rating in a research report 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.