Archrock, Inc. (NYSE:AROC) Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its stake in Archrock, Inc. (NYSE:AROC) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,620 shares of the energy company’s stock after purchasing an additional 3,923 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Archrock were worth $2,156,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of AROC. State Street Corp raised its stake in Archrock by 11.5% during the third quarter. State Street Corp now owns 6,836,745 shares of the energy company’s stock valued at $138,376,000 after buying an additional 707,379 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Archrock by 16.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company’s stock valued at $76,826,000 after acquiring an additional 523,825 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position 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 valued at $47,034,000 after acquiring an additional 274,763 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its stake in Archrock by 1,680.2% during 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 purchasing an additional 1,444,471 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new position in Archrock in the third quarter worth $22,108,000. Institutional investors own 95.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AROC shares. JPMorgan Chase & Co. increased 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. Royal Bank of Canada raised their price target on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Archrock has a consensus rating of “Moderate Buy” and an average target price of $25.17.

Archrock Trading Up 1.9 %

Archrock stock opened at $27.12 on Friday. The company has a market cap of $4.75 billion, a P/E ratio of 29.80, a PEG ratio of 1.60 and a beta of 1.57. The firm’s 50-day moving average is $27.23 and its 200-day moving average is $23.66. Archrock, Inc. has a 1 year low of $17.26 and a 1 year high of $30.44. 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 company 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. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.80%. Archrock’s dividend payout ratio (DPR) 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.