Archrock, Inc. (NYSE:AROC) Shares Sold by PDT Partners LLC

PDT Partners LLC decreased its holdings in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 11.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,814 shares of the energy company's stock after selling 21,034 shares during the quarter. PDT Partners LLC owned about 0.09% of Archrock worth $3,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Atria Investments Inc raised its stake in shares of Archrock by 17.4% during the fourth quarter. Atria Investments Inc now owns 38,313 shares of the energy company's stock valued at $954,000 after purchasing an additional 5,665 shares during the period. Barclays PLC grew its holdings in Archrock by 124.2% during the 3rd quarter. Barclays PLC now owns 302,610 shares of the energy company's stock valued at $6,125,000 after purchasing an additional 167,648 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Archrock by 94.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 422,383 shares of the energy company's stock worth $8,549,000 after buying an additional 205,241 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Archrock during the 4th quarter worth $242,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Archrock by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,358,092 shares of the energy company's stock worth $58,693,000 after buying an additional 34,272 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.

Archrock Stock Performance

Archrock stock opened at $24.74 on Tuesday. The company has a market cap of $4.34 billion, a PE ratio of 27.19, a P/E/G ratio of 1.60 and a beta of 1.25. Archrock, Inc. has a 12 month low of $17.27 and a 12 month high of $30.44. The company has a fifty day moving average price of $24.76 and a two-hundred day moving average price of $25.06. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Tuesday, May 6th. Archrock's dividend payout ratio is presently 73.08%.

Wall Street Analyst Weigh In

Separately, Citigroup lifted their target price on Archrock from $32.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. One investment 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 an average rating of "Moderate Buy" and a consensus price target of $26.67.

Archrock 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.

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