HUB Investment Partners LLC Buys New Shares in Archrock, Inc. (NYSE:AROC)

HUB Investment Partners LLC bought a new stake in Archrock, Inc. (NYSE:AROC) during the 4th quarter, HoldingsChannel reports. The firm bought 11,740 shares of the energy company’s stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AROC. Mutual of America Capital Management LLC lifted its holdings in Archrock by 12.4% in the third quarter. Mutual of America Capital Management LLC now owns 25,408 shares of the energy company’s stock valued at $514,000 after buying an additional 2,802 shares during the period. Jennison Associates LLC lifted its holdings in Archrock by 90.1% in the third quarter. Jennison Associates LLC now owns 61,978 shares of the energy company’s stock valued at $1,254,000 after buying an additional 29,378 shares during the period. Moran Wealth Management LLC lifted its holdings in Archrock by 45.9% in the third quarter. Moran Wealth Management LLC now owns 24,039 shares of the energy company’s stock valued at $487,000 after buying an additional 7,565 shares during the period. King Luther Capital Management Corp bought a new stake in Archrock in the third quarter valued at $3,363,000. Finally, Intech Investment Management LLC increased its stake in Archrock by 58.7% in the third quarter. Intech Investment Management LLC now owns 59,401 shares of the energy company’s stock valued at $1,202,000 after purchasing an additional 21,980 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Trading Down 1.2 %

NYSE:AROC opened at $26.37 on Friday. 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 firm has a 50-day moving average of $27.23 and a 200-day moving average of $24.31. The company has a market cap of $4.62 billion, a PE ratio of 28.98, a PEG ratio of 1.60 and a beta of 1.56. Archrock, Inc. has a one year low of $17.27 and a one year high of $30.44.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.88%. This is an increase from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, February 12th. Archrock’s dividend payout ratio is presently 73.08%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AROC. JPMorgan Chase & Co. lifted their price target on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Citigroup boosted their target price on shares of Archrock from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Archrock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.67.

Archrock Company 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.