Maryland State Retirement & Pension System Acquires 1,942 Shares of Archrock, Inc. (NYSE:AROC)

Maryland State Retirement & Pension System raised its holdings in Archrock, Inc. (NYSE:AROC) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 58,991 shares of the energy company’s stock after purchasing an additional 1,942 shares during the period. Maryland State Retirement & Pension System’s holdings in Archrock were worth $1,468,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. grew its position in Archrock by 0.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company’s stock valued at $1,025,000 after acquiring an additional 427 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Archrock by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 48,091 shares of the energy company’s stock valued at $1,197,000 after acquiring an additional 796 shares during the last quarter. Glenmede Trust Co. NA grew its position in Archrock by 2.7% in the third quarter. Glenmede Trust Co. NA now owns 31,485 shares of the energy company’s stock valued at $637,000 after acquiring an additional 838 shares during the last quarter. Yousif Capital Management LLC grew its position in Archrock by 1.6% in the fourth quarter. Yousif Capital Management LLC now owns 66,087 shares of the energy company’s stock valued at $1,645,000 after acquiring an additional 1,047 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Archrock by 1.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 61,383 shares of the energy company’s stock valued at $1,528,000 after purchasing an additional 1,108 shares in the last quarter. Institutional investors own 95.45% of the company’s stock.

Archrock Price Performance

Archrock stock opened at $26.37 on Friday. The stock’s 50 day moving average is $27.23 and its 200 day moving average is $24.31. 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 market cap of $4.62 billion, a P/E ratio of 28.98, a P/E/G 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were paid a $0.19 dividend. 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 2.88%. The ex-dividend date was Wednesday, February 12th. Archrock’s payout ratio is currently 73.08%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price target on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Citigroup lifted their price target on Archrock from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.