Boston Partners Buys 28,559 Shares of Archrock, Inc. (NYSE:AROC)

Boston Partners boosted its holdings in shares of Archrock, Inc. (NYSE:AROC) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,296,812 shares of the energy company’s stock after acquiring an additional 28,559 shares during the period. Boston Partners owned 0.74% of Archrock worth $32,773,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp grew its holdings in Archrock by 11.5% during the 3rd quarter. State Street Corp now owns 6,836,745 shares of the energy company’s stock worth $138,376,000 after acquiring an additional 707,379 shares during the period. Geode Capital Management LLC grew its holdings in Archrock by 16.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company’s stock worth $76,826,000 after acquiring an additional 523,825 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Archrock by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,358,092 shares of the energy company’s stock worth $58,693,000 after acquiring an additional 34,272 shares during the period. Kayne Anderson Capital Advisors LP grew its holdings in Archrock by 5.5% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 1,614,264 shares of the energy company’s stock worth $40,179,000 after acquiring an additional 83,824 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Archrock during the 4th quarter worth $36,241,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. 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 report on Friday, November 29th. Citigroup boosted their price target on shares of Archrock from $32.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and six have assigned 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 target price of $26.67.

Archrock Price Performance

Shares of AROC stock opened at $26.80 on Thursday. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 1.60 and a beta of 1.56. Archrock, Inc. has a 12-month low of $17.27 and a 12-month high of $30.44. The firm has a fifty day moving average of $27.20 and a 200-day moving average of $24.21. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73.

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 given a $0.19 dividend. This is a boost from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Wednesday, February 12th. Archrock’s payout ratio is currently 73.08%.

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.