Boston Partners Buys 28,559 Shares of Archrock, Inc. (NYSE:AROC)

Boston Partners boosted its stake in Archrock, Inc. (NYSE:AROC) by 2.3% during the 4th quarter, HoldingsChannel reports. The fund owned 1,296,812 shares of the energy company’s stock after acquiring an additional 28,559 shares during the quarter. Boston Partners’ holdings in Archrock were worth $32,773,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Atria Investments Inc lifted its position in Archrock by 2.3% during the 3rd quarter. Atria Investments Inc now owns 32,648 shares of the energy company’s stock worth $661,000 after buying an additional 746 shares in the last quarter. KBC Group NV lifted its position in Archrock by 23.6% during the 3rd quarter. KBC Group NV now owns 5,324 shares of the energy company’s stock worth $108,000 after buying an additional 1,016 shares in the last quarter. Empowered Funds LLC lifted its position in Archrock by 5.9% during the 3rd quarter. Empowered Funds LLC now owns 69,349 shares of the energy company’s stock worth $1,404,000 after buying an additional 3,871 shares in the last quarter. Natixis Advisors LLC lifted its position in Archrock by 14.4% during the 3rd quarter. Natixis Advisors LLC now owns 714,651 shares of the energy company’s stock worth $14,465,000 after buying an additional 89,951 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in Archrock by 12.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 25,408 shares of the energy company’s stock worth $514,000 after buying an additional 2,802 shares in the last quarter. 95.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on AROC shares. Citigroup boosted their price target on shares of Archrock from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their target price 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 analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.67.

Archrock Stock Up 4.3 %

Shares of AROC stock opened at $26.80 on Thursday. Archrock, Inc. has a 52-week low of $17.27 and a 52-week high of $30.44. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 1.60 and a beta of 1.56. The firm’s 50-day moving average is $27.20 and its 200-day moving average is $24.21. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were paid 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 2.84%. This is a positive change 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.