Earnest Partners LLC Boosts Stake in Archrock, Inc. (NYSE:AROC)

Earnest Partners LLC increased its position in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,074,904 shares of the energy company's stock after acquiring an additional 47,563 shares during the quarter. Archrock accounts for about 1.5% of Earnest Partners LLC's holdings, making the stock its 8th largest position. Earnest Partners LLC owned approximately 7.46% of Archrock worth $325,434,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AROC. B. Riley Wealth Advisors Inc. lifted its stake in shares of Archrock by 0.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company's stock valued at $1,025,000 after purchasing an additional 427 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Archrock by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 17,459 shares of the energy company's stock worth $435,000 after buying an additional 553 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Archrock by 1.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 48,091 shares of the energy company's stock worth $1,197,000 after acquiring an additional 796 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of Archrock by 1.6% during the 4th quarter. Yousif Capital Management LLC now owns 66,087 shares of the energy company's stock valued at $1,645,000 after acquiring an additional 1,047 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Archrock by 1.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 61,383 shares of the energy company's stock valued at $1,528,000 after acquiring an additional 1,108 shares in the last quarter. Hedge funds and other institutional investors own 95.45% of the company's stock.

Analyst Ratings Changes

Separately, Citigroup increased their price target on Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.67.

Archrock Stock Performance

NYSE AROC traded up $0.26 during midday trading on Thursday, hitting $23.79. The company had a trading volume of 2,320,816 shares, compared to its average volume of 1,473,805. The firm has a fifty day simple moving average of $24.65 and a two-hundred day simple moving average of $25.04. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 1.60 and a beta of 1.25. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. Archrock, Inc. has a fifty-two week low of $17.27 and a fifty-two week high of $30.44.

Archrock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Tuesday, May 6th. Archrock's payout ratio is presently 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.