New York State Teachers Retirement System Has $3.64 Million Stock Holdings in Archrock, Inc. (NYSE:AROC)

New York State Teachers Retirement System lessened its holdings in Archrock, Inc. (NYSE:AROC) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,219 shares of the energy company’s stock after selling 12,070 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Archrock worth $3,639,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp raised its position in Archrock by 11.5% in the third quarter. State Street Corp now owns 6,836,745 shares of the energy company’s stock worth $138,376,000 after purchasing an additional 707,379 shares in the last quarter. Geode Capital Management LLC raised its position in Archrock by 16.0% in the third quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company’s stock worth $76,826,000 after purchasing an additional 523,825 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Archrock by 13.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,323,820 shares of the energy company’s stock worth $47,034,000 after purchasing an additional 274,763 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its position in Archrock by 1,680.2% in the third quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company’s stock worth $30,976,000 after purchasing an additional 1,444,471 shares in the last quarter. Finally, Eagle Asset Management Inc. acquired a new position in Archrock in the third quarter worth about $22,108,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Price Performance

Shares of Archrock stock opened at $26.42 on Friday. Archrock, Inc. has a 1-year low of $17.26 and a 1-year high of $30.44. 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 moving average price is $27.11 and its two-hundred day moving average price is $23.44. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 1.71 and a beta of 1.57.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.19 per share. This is a boost from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Wednesday, February 12th. Archrock’s dividend payout ratio is 83.52%.

Analyst Ratings Changes

Several research firms recently issued reports on AROC. JPMorgan Chase & Co. increased their price target on shares of Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Royal Bank of Canada upped their price objective on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.17.

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.