Versor Investments LP Invests $784,000 in Archrock, Inc. (NYSE:AROC)

Versor Investments LP bought a new position in shares of Archrock, Inc. (NYSE:AROC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,500 shares of the energy company’s stock, valued at approximately $784,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Archrock during the fourth quarter worth about $449,000. Oregon Public Employees Retirement Fund increased its position in Archrock by 3.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 41,164 shares of the energy company’s stock valued at $1,025,000 after acquiring an additional 1,400 shares during the period. Cavalier Investments LLC increased its position in Archrock by 4.3% in the 4th quarter. Cavalier Investments LLC now owns 32,660 shares of the energy company’s stock valued at $813,000 after acquiring an additional 1,344 shares during the period. Illinois Municipal Retirement Fund increased its position in Archrock by 4.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 86,620 shares of the energy company’s stock valued at $2,156,000 after acquiring an additional 3,923 shares during the period. Finally, Amalgamated Bank increased its position in Archrock by 3.1% in the 4th quarter. Amalgamated Bank now owns 51,068 shares of the energy company’s stock valued at $1,271,000 after acquiring an additional 1,555 shares during the period. Institutional investors and hedge funds own 95.45% of the company’s stock.

Analyst Ratings Changes

AROC has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Royal Bank of Canada boosted their price target on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. One 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, the company has an average rating of “Moderate Buy” and a consensus target price of $25.17.

Archrock Price Performance

Shares of AROC opened at $27.12 on Friday. Archrock, Inc. has a twelve month low of $17.26 and a twelve month high of $30.44. The stock’s 50 day moving average is $27.23 and its two-hundred day moving average is $23.66. The firm has a market capitalization of $4.75 billion, a PE ratio of 29.80, a P/E/G ratio of 1.60 and a beta of 1.57. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73.

Archrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Wednesday, February 12th. This is a positive change from Archrock’s previous quarterly dividend of $0.18. Archrock’s payout ratio is currently 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.