PDT Partners LLC Cuts Stock Position in Archrock, Inc. (NYSE:AROC)

PDT Partners LLC lowered its stake in Archrock, Inc. (NYSE:AROC - Free Report) by 11.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 156,814 shares of the energy company's stock after selling 21,034 shares during the period. PDT Partners LLC owned 0.09% of Archrock worth $3,903,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. grew its stake in shares of Archrock by 0.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company's stock worth $1,025,000 after acquiring an additional 427 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of Archrock by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 17,459 shares of the energy company's stock valued at $435,000 after acquiring an additional 553 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Archrock by 1.7% in 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 during the last quarter. Yousif Capital Management LLC lifted its position in Archrock by 1.6% in 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 in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Archrock by 1.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 61,383 shares of the energy company's stock valued at $1,528,000 after buying an additional 1,108 shares during the last quarter. Institutional investors own 95.45% of the company's stock.

Wall Street Analyst Weigh In

Separately, Citigroup lifted their price target 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. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Archrock presently has a consensus rating of "Moderate Buy" and an average price target of $26.67.

Archrock Stock Performance

Archrock stock traded up $0.75 during trading on Friday, reaching $24.58. The company had a trading volume of 996,180 shares, compared to its average volume of 1,467,326. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The firm's 50-day simple moving average is $24.57 and its 200 day simple moving average is $25.11. Archrock, Inc. has a 52 week low of $17.27 and a 52 week high of $30.44.

Archrock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.09%. Archrock's payout ratio is currently 73.08%.

About Archrock

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.