AlphaQuest LLC Makes New $630,000 Investment in Archrock, Inc. (NYSE:AROC)

AlphaQuest LLC bought a new position in Archrock, Inc. (NYSE:AROC) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 25,324 shares of the energy company’s stock, valued at approximately $630,000.

A number of other large investors have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. raised its holdings in Archrock by 0.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company’s stock worth $1,025,000 after purchasing an additional 427 shares in the last quarter. Atria Investments Inc raised its holdings in Archrock by 2.3% in the third quarter. Atria Investments Inc now owns 32,648 shares of the energy company’s stock worth $661,000 after purchasing an additional 746 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Archrock by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 48,091 shares of the energy company’s stock worth $1,197,000 after purchasing an additional 796 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in Archrock by 2.7% in the third quarter. Glenmede Trust Co. NA now owns 31,485 shares of the energy company’s stock worth $637,000 after purchasing an additional 838 shares in the last quarter. Finally, KBC Group NV raised its holdings in Archrock by 23.6% in the third quarter. KBC Group NV now owns 5,324 shares of the energy company’s stock worth $108,000 after purchasing an additional 1,016 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. upped their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, November 29th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.17.

Archrock Stock Performance

AROC opened at $24.07 on Wednesday. Archrock, Inc. has a 52-week low of $17.26 and a 52-week high of $30.44. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The company has a market cap of $4.22 billion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 1.60 and a beta of 1.56. The firm’s 50-day moving average price is $27.23 and its 200-day moving average price is $24.02.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were given a $0.19 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.76 dividend on an annualized basis and a yield of 3.16%. This is a positive change from Archrock’s previous quarterly dividend of $0.18. Archrock’s dividend 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.