Swiss National Bank Has $7.75 Million Stake in Archrock, Inc. (NYSE:AROC)

Swiss National Bank grew its stake in shares of Archrock, Inc. (NYSE:AROC) by 7.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 311,200 shares of the energy company’s stock after buying an additional 21,400 shares during the period. Swiss National Bank owned approximately 0.18% of Archrock worth $7,746,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. State Street Corp increased its holdings in Archrock by 11.5% in the 3rd quarter. State Street Corp now owns 6,836,745 shares of the energy company’s stock valued at $138,376,000 after buying an additional 707,379 shares during the period. Geode Capital Management LLC lifted its stake in Archrock by 16.0% during 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 during the period. Charles Schwab Investment Management Inc. boosted its holdings in Archrock by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,358,092 shares of the energy company’s stock valued at $58,693,000 after purchasing an additional 34,272 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its stake in shares of Archrock by 5.5% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 1,614,264 shares of the energy company’s stock valued at $40,179,000 after purchasing an additional 83,824 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Archrock in the 4th quarter worth approximately $36,241,000. Institutional investors own 95.45% of the company’s stock.

Archrock Stock Down 1.2 %

Shares of NYSE:AROC opened at $26.37 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The firm has a market cap of $4.62 billion, a P/E ratio of 28.98, a P/E/G ratio of 1.60 and a beta of 1.56. Archrock, Inc. has a 12 month low of $17.27 and a 12 month high of $30.44. The company’s 50-day moving average price is $27.23 and its two-hundred day moving average price is $24.31.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.88%. This is a positive change from Archrock’s previous quarterly dividend of $0.18. Archrock’s dividend payout ratio (DPR) is currently 73.08%.

Analyst Upgrades and Downgrades

AROC has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Citigroup increased their target price on shares of 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, Archrock presently has a consensus rating of “Moderate Buy” and an average 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.