US Bancorp DE Acquires 4,317 Shares of Archrock, Inc. (NYSE:AROC)

US Bancorp DE grew its position in shares of Archrock, Inc. (NYSE:AROC) by 101.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,590 shares of the energy company’s stock after buying an additional 4,317 shares during the quarter. US Bancorp DE’s holdings in Archrock were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AROC. State Street Corp lifted its holdings in Archrock by 11.5% in the third 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 increased its stake in Archrock by 16.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company’s stock valued at $76,826,000 after buying an additional 523,825 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Archrock by 13.4% during the 3rd 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 during the last quarter. Kayne Anderson Capital Advisors LP increased its stake in shares of Archrock by 1,680.2% during the 3rd 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 during the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in shares of Archrock during the 3rd quarter worth about $22,108,000. 95.45% of the stock is owned by institutional investors.

Archrock Price Performance

AROC stock opened at $24.96 on Friday. The company has a 50 day simple moving average of $27.17 and a 200 day simple moving average of $24.06. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 1.60 and a beta of 1.56. Archrock, Inc. has a 1 year low of $17.27 and a 1 year 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were given a $0.19 dividend. This is a boost from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 3.05%. The ex-dividend date was Wednesday, February 12th. Archrock’s dividend payout ratio is 73.08%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, November 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Archrock has an average rating of “Moderate Buy” and a consensus price target of $25.17.

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.