Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $931,000 Stock Holdings in Archrock, Inc. (NYSE:AROC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Archrock, Inc. (NYSE:AROC) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,397 shares of the energy company’s stock after acquiring an additional 1,287 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Archrock were worth $931,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new stake in Archrock during the fourth quarter worth approximately $311,000. Crown Advisors Management Inc. lifted its position in shares of Archrock by 33.3% during the 4th quarter. Crown Advisors Management Inc. now owns 200,000 shares of the energy company’s stock valued at $4,978,000 after acquiring an additional 50,000 shares during the period. Maryland State Retirement & Pension System grew its holdings in shares of Archrock by 3.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 58,991 shares of the energy company’s stock worth $1,468,000 after purchasing an additional 1,942 shares in the last quarter. Xponance Inc. increased its position in shares of Archrock by 18.5% in the fourth quarter. Xponance Inc. now owns 12,833 shares of the energy company’s stock worth $319,000 after purchasing an additional 2,002 shares during the period. Finally, Boston Partners raised its stake in Archrock by 2.3% in the fourth quarter. Boston Partners now owns 1,296,812 shares of the energy company’s stock valued at $32,773,000 after purchasing an additional 28,559 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Archrock Price Performance

Shares of NYSE:AROC opened at $26.85 on Thursday. Archrock, Inc. has a one year low of $17.27 and a one year high of $30.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 1.60 and a beta of 1.56. The firm has a 50 day simple moving average of $27.17 and a 200 day simple moving average of $24.47.

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 issued a dividend of $0.19 per share. This is an increase from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. This represents a $0.76 annualized dividend and a dividend yield of 2.83%. Archrock’s dividend payout ratio (DPR) is 73.08%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AROC shares. Citigroup increased their price objective on shares of Archrock from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. JPMorgan Chase & Co. lifted their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Archrock has a consensus rating of “Moderate Buy” and an average price target of $26.67.

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.