43,900 Shares in Archrock, Inc. (NYSE:AROC) Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new position in shares of Archrock, Inc. (NYSE:AROC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 43,900 shares of the energy company's stock, valued at approximately $1,093,000.

Other large investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Archrock during the fourth quarter worth approximately $36,241,000. Invesco Ltd. raised its stake in shares of Archrock by 12.8% in the 4th quarter. Invesco Ltd. now owns 8,883,949 shares of the energy company's stock valued at $221,121,000 after purchasing an additional 1,008,438 shares during the period. Clearbridge Investments LLC bought a new stake in Archrock in the 4th quarter valued at approximately $17,247,000. JPMorgan Chase & Co. boosted its holdings in Archrock by 135.1% during the fourth quarter. JPMorgan Chase & Co. now owns 993,063 shares of the energy company's stock worth $24,717,000 after purchasing an additional 570,680 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Archrock by 1,585,722.9% in the 4th quarter. Federated Hermes Inc. now owns 555,038 shares of the energy company's stock valued at $13,815,000 after acquiring an additional 555,003 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Archrock Price Performance

AROC traded down $0.71 during trading on Wednesday, hitting $23.56. 1,325,767 shares of the stock traded hands, compared to its average volume of 1,470,418. The business has a 50 day moving average price of $24.65 and a 200 day moving average price of $25.04. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 1.60 and a beta of 1.25. Archrock, Inc. has a twelve month low of $17.27 and a twelve month 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.

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 paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Tuesday, May 6th. Archrock's dividend payout ratio (DPR) 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.