9,730 Shares in Archrock, Inc. (NYSE:AROC) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in shares of Archrock, Inc. (NYSE:AROC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,730 shares of the energy company’s stock, valued at approximately $242,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Wolverine Asset Management LLC boosted its stake in shares of Archrock by 111.8% during the fourth quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock valued at $37,000 after purchasing an additional 14,200 shares in the last quarter. Continuum Advisory LLC boosted its position in Archrock by 5,621.6% during the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock valued at $43,000 after acquiring an additional 2,080 shares in the last quarter. Montag A & Associates Inc. purchased a new position in shares of Archrock in the 4th quarter valued at $55,000. Millburn Ridgefield Corp bought a new position in shares of Archrock in the 3rd quarter worth $50,000. Finally, R Squared Ltd purchased a new stake in shares of Archrock during the 4th quarter worth $76,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup lifted their target price on Archrock from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.67.

Archrock Trading Up 2.6 %

Shares of NYSE:AROC opened at $27.17 on Thursday. The business’s 50-day moving average is $26.84 and its 200 day moving average is $24.74. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. Archrock, Inc. has a 1 year low of $17.27 and a 1 year high of $30.44. The firm has a market capitalization of $4.76 billion, a P/E ratio of 29.86, a P/E/G ratio of 1.60 and a beta of 1.56.

Archrock Increases Dividend

The business also recently disclosed 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 was Wednesday, February 12th. This represents a $0.76 annualized dividend and a dividend yield of 2.80%. This is an increase from Archrock’s previous quarterly dividend of $0.18. Archrock’s dividend payout ratio is 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.