Cavalier Investments LLC Purchases 1,344 Shares of Archrock, Inc. (NYSE:AROC)

Cavalier Investments LLC raised its position in Archrock, Inc. (NYSE:AROC) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,660 shares of the energy company’s stock after buying an additional 1,344 shares during the quarter. Cavalier Investments LLC’s holdings in Archrock were worth $813,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Creative Planning boosted its stake in shares of Archrock by 18.7% in the 3rd quarter. Creative Planning now owns 27,299 shares of the energy company’s stock valued at $553,000 after purchasing an additional 4,301 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Archrock by 15.2% in the 3rd quarter. Raymond James & Associates now owns 158,108 shares of the energy company’s stock valued at $3,200,000 after purchasing an additional 20,896 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Archrock in the 3rd quarter valued at approximately $11,230,000. Louisiana State Employees Retirement System boosted its stake in shares of Archrock by 18.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 81,700 shares of the energy company’s stock valued at $1,654,000 after purchasing an additional 12,500 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Archrock by 51.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,267 shares of the energy company’s stock valued at $349,000 after purchasing an additional 5,894 shares in the last quarter. 95.45% of the stock is owned by institutional investors.

Archrock Stock Up 2.4 %

Archrock stock opened at $26.44 on Wednesday. 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, Inc. has a 52-week low of $17.26 and a 52-week high of $30.44. The firm has a 50 day moving average price of $27.12 and a two-hundred day moving average price of $23.61. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 1.60 and a beta of 1.57.

Archrock Increases Dividend

The company also recently declared 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 is a positive change from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.76 annualized dividend and a yield of 2.87%. Archrock’s dividend payout ratio (DPR) is presently 83.52%.

Wall Street Analysts Forecast Growth

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

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.