Oregon Public Employees Retirement Fund Has $1.03 Million Holdings in Archrock, Inc. (NYSE:AROC)

Oregon Public Employees Retirement Fund boosted its stake in shares of Archrock, Inc. (NYSE:AROC) by 3.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 41,164 shares of the energy company’s stock after purchasing an additional 1,400 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Archrock were worth $1,025,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its stake in Archrock by 0.9% during the 3rd 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 in the last quarter. Atria Investments Inc grew its stake in Archrock by 2.3% during the 3rd quarter. Atria Investments Inc now owns 32,648 shares of the energy company’s stock valued at $661,000 after acquiring an additional 746 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Archrock by 1.7% during the 4th 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 in the last quarter. Glenmede Trust Co. NA grew its stake in Archrock by 2.7% during the 3rd 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 in the last quarter. Finally, KBC Group NV grew its stake in Archrock by 23.6% during the 3rd quarter. KBC Group NV now owns 5,324 shares of the energy company’s stock valued at $108,000 after acquiring an additional 1,016 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AROC. JPMorgan Chase & Co. lifted their target price on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Royal Bank of Canada lifted their target price on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. One 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 a consensus rating of “Moderate Buy” and a consensus target price of $25.17.

Archrock Trading Up 1.9 %

Shares of NYSE AROC opened at $27.12 on Friday. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 1.60 and a beta of 1.57. The business has a 50 day simple moving average of $27.28 and a 200 day simple moving average of $23.71. Archrock, Inc. has a 52 week low of $17.26 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 company also recently declared 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 boost from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. This represents a $0.76 annualized dividend and a dividend yield of 2.80%. Archrock’s payout ratio is presently 73.08%.

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.