Versor Investments LP Has $965,000 Stake in Archrock, Inc. $AROC

Versor Investments LP grew its position in shares of Archrock, Inc. (NYSE:AROC) by 182.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 36,668 shares of the energy company’s stock after buying an additional 23,700 shares during the quarter. Versor Investments LP’s holdings in Archrock were worth $965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in shares of Archrock by 0.8% in the third quarter. Nisa Investment Advisors LLC now owns 60,026 shares of the energy company’s stock valued at $1,579,000 after buying an additional 478 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Archrock by 3.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 15,247 shares of the energy company’s stock valued at $379,000 after acquiring an additional 490 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Archrock by 49.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,640 shares of the energy company’s stock valued at $43,000 after acquiring an additional 546 shares during the period. Bank of Montreal Can grew its holdings in shares of Archrock by 0.9% during the 2nd quarter. Bank of Montreal Can now owns 69,977 shares of the energy company’s stock worth $1,738,000 after purchasing an additional 658 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Archrock by 0.7% in the first quarter. Royal Bank of Canada now owns 95,866 shares of the energy company’s stock worth $2,514,000 after purchasing an additional 667 shares during the period. 95.45% of the stock is owned by institutional investors.

Archrock Stock Performance

NYSE:AROC opened at $31.90 on Wednesday. The firm has a market capitalization of $5.59 billion, a P/E ratio of 21.27, a P/E/G ratio of 1.39 and a beta of 0.93. Archrock, Inc. has a twelve month low of $20.12 and a twelve month high of $32.87. The company has a fifty day moving average of $26.95 and a 200-day moving average of $25.31. The company has a quick ratio of 1.01, a current ratio of 1.56 and a debt-to-equity ratio of 1.80.

Archrock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Tuesday, February 10th will be paid a dividend of $0.22 per share. This is an increase from Archrock’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $0.88 dividend on an annualized basis and a yield of 2.8%. Archrock’s dividend payout ratio (DPR) is currently 56.00%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada boosted their price target on Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Evercore increased their target price on shares of Archrock from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Zacks Research raised shares of Archrock from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Archrock in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Archrock currently has a consensus rating of “Buy” and a consensus target price of $32.40.

Archrock Company Profile

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.