Acadian Asset Management LLC Grows Stake in Archrock, Inc. (NYSE:AROC)

Acadian Asset Management LLC increased its holdings in shares of Archrock, Inc. (NYSE:AROC) by 448.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,023 shares of the energy company’s stock after purchasing an additional 112,040 shares during the quarter. Acadian Asset Management LLC owned approximately 0.08% of Archrock worth $2,767,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blackstone Inc. increased its position in shares of Archrock by 4,211.9% during the fourth quarter. Blackstone Inc. now owns 5,903,142 shares of the energy company’s stock worth $90,908,000 after purchasing an additional 5,766,237 shares in the last quarter. Sei Investments Co. boosted its position in shares of Archrock by 37.7% in the 4th quarter. Sei Investments Co. now owns 5,113,865 shares of the energy company’s stock valued at $78,753,000 after purchasing an additional 1,399,309 shares during the period. Boston Partners purchased a new position in Archrock during the 1st quarter worth approximately $24,875,000. Norges Bank purchased a new stake in Archrock in the fourth quarter valued at approximately $15,958,000. Finally, Vanguard Group Inc. lifted its stake in Archrock by 4.9% in the first quarter. Vanguard Group Inc. now owns 18,321,555 shares of the energy company’s stock valued at $360,385,000 after buying an additional 849,750 shares during the last quarter. 95.45% of the stock is owned by institutional investors and hedge funds.

Archrock Stock Up 1.1 %

AROC stock opened at $19.37 on Friday. The stock has a market capitalization of $3.27 billion, a PE ratio of 23.34 and a beta of 1.51. The company has a fifty day moving average of $20.17 and a 200-day moving average of $19.78. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.94 and a current ratio of 1.53. Archrock, Inc. has a one year low of $11.73 and a one year high of $23.44.

Archrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.66 dividend on an annualized basis and a yield of 3.41%. Archrock’s payout ratio is currently 79.52%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AROC shares. StockNews.com lowered shares of Archrock from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Stifel Nicolaus upped their target price on shares of Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. began coverage on Archrock in a report on Friday, September 6th. They set an “overweight” rating and a $24.00 price target on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price target on shares of Archrock in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.50.

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.