Natixis Advisors LLC Acquires 194,352 Shares of Archrock, Inc. (NYSE:AROC)

Natixis Advisors LLC boosted its stake in Archrock, Inc. (NYSE:AROC) by 27.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 909,003 shares of the energy company’s stock after acquiring an additional 194,352 shares during the period. Natixis Advisors LLC’s holdings in Archrock were worth $22,625,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Archrock in the 4th quarter worth about $36,241,000. Kayne Anderson Capital Advisors LP lifted its holdings in Archrock by 1,680.2% in the third 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 period. Eagle Asset Management Inc. bought a new stake in Archrock during the 3rd quarter valued at approximately $22,108,000. State Street Corp grew its holdings in shares of 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. Finally, HITE Hedge Asset Management LLC purchased a new position in shares of Archrock in the 3rd quarter valued at approximately $10,939,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price objective on Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.17.

Archrock Stock Performance

Archrock stock opened at $25.67 on Tuesday. Archrock, Inc. has a twelve month low of $17.27 and a twelve month 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 capitalization of $4.50 billion, a P/E ratio of 28.21, a PEG ratio of 1.60 and a beta of 1.56. The stock’s 50 day moving average is $27.17 and its 200 day moving average is $24.15.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were paid a $0.19 dividend. This is a boost from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Wednesday, February 12th. 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.