Williamson Legacy Group LLC Makes New Investment in Archrock, Inc. (NYSE:AROC)

Williamson Legacy Group LLC bought a new position in shares of Archrock, Inc. (NYSE:AROC) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 23,580 shares of the energy company’s stock, valued at approximately $587,000.

A number of other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased 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 purchasing an additional 707,379 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 buying an additional 523,825 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Archrock by 13.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,323,820 shares of the energy company’s stock worth $47,034,000 after buying an additional 274,763 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in shares of Archrock by 1,680.2% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company’s stock worth $30,976,000 after buying an additional 1,444,471 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new position in shares of Archrock during the 3rd quarter worth about $22,108,000. Institutional investors own 95.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AROC. Royal Bank of Canada increased their price objective on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. increased their price objective on shares of Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $25.17.

Archrock Trading Up 1.9 %

Shares of NYSE:AROC opened at $27.12 on Friday. Archrock, Inc. has a 52-week low of $17.26 and a 52-week high of $30.44. The company has a market capitalization of $4.75 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 1.60 and a beta of 1.57. The company has a 50-day simple moving average of $27.23 and a 200 day simple moving average of $23.66. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 2.80%. Archrock’s dividend payout ratio (DPR) 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.