New Age Alpha Advisors LLC Acquires Shares of 9,730 Archrock, Inc. (NYSE:AROC)

New Age Alpha Advisors LLC bought a new position in Archrock, Inc. (NYSE:AROC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,730 shares of the energy company’s stock, valued at approximately $242,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. raised its holdings in shares of Archrock by 0.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company’s stock worth $1,025,000 after acquiring an additional 427 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Archrock by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 48,091 shares of the energy company’s stock worth $1,197,000 after purchasing an additional 796 shares during the last quarter. Glenmede Trust Co. NA raised its stake in Archrock by 2.7% during the third quarter. Glenmede Trust Co. NA now owns 31,485 shares of the energy company’s stock valued at $637,000 after purchasing an additional 838 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of Archrock by 1.6% during the 4th quarter. Yousif Capital Management LLC now owns 66,087 shares of the energy company’s stock valued at $1,645,000 after buying an additional 1,047 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Archrock by 1.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 61,383 shares of the energy company’s stock worth $1,528,000 after acquiring an additional 1,108 shares in the last quarter. Institutional investors own 95.45% of the company’s stock.

Archrock Trading Up 2.6 %

AROC opened at $27.17 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The stock’s 50 day moving average price is $26.84 and its 200-day moving average price is $24.74. Archrock, Inc. has a one year low of $17.27 and a one year high of $30.44. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 1.60 and a beta of 1.56.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were paid a $0.19 dividend. This is a positive change from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. This represents a $0.76 dividend on an annualized basis and a yield of 2.80%. Archrock’s dividend payout ratio (DPR) is presently 73.08%.

Analyst Ratings Changes

Separately, Citigroup raised their price objective on Archrock from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.67.

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.