Boston Partners bought a new stake in Archrock Inc (NYSE:AROC) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 283,270 shares of the energy company’s stock, valued at approximately $2,974,000. Boston Partners owned 0.37% of Archrock as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. Piedmont Investment Advisors LLC purchased a new position in Archrock in the 2nd quarter valued at approximately $175,000. Algert Global LLC increased its stake in Archrock by 70.2% in the 3rd quarter. Algert Global LLC now owns 218,182 shares of the energy company’s stock valued at $2,738,000 after purchasing an additional 89,993 shares in the last quarter. Sterling Capital Management LLC purchased a new position in Archrock during the third quarter worth $1,014,000. Goldman Sachs Group Inc. increased its position in Archrock by 11.7% during the second quarter. Goldman Sachs Group Inc. now owns 551,374 shares of the energy company’s stock worth $6,285,000 after buying an additional 57,669 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Archrock by 3.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 681,323 shares of the energy company’s stock worth $8,551,000 after buying an additional 25,749 shares in the last quarter. 83.32% of the stock is owned by institutional investors.
Shares of Archrock Inc (AROC) traded up $0.17 during trading on Wednesday, reaching $9.02. The company had a trading volume of 135,856 shares, compared to its average volume of 977,216. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.94 and a current ratio of 1.63. The company has a market capitalization of $718.67, a price-to-earnings ratio of -9.03 and a beta of 3.10. Archrock Inc has a 1 year low of $8.30 and a 1 year high of $16.30.
Several equities analysts have weighed in on AROC shares. Royal Bank of Canada reissued a “buy” rating and set a $14.00 price target on shares of Archrock in a research report on Thursday, January 4th. ValuEngine upgraded Archrock from a “sell” rating to a “hold” rating in a report on Friday, December 1st. B. Riley set a $12.00 target price on Archrock and gave the company a “hold” rating in a report on Thursday, January 11th. BidaskClub cut Archrock from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, Scotiabank reissued a “hold” rating and issued a $14.00 price objective on shares of Archrock in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.25.
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Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.
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