Boston Partners Takes Position in Archrock Inc (NYSE:AROC)

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.

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Thursday, February 8th were paid a $0.12 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $0.48 dividend on an annualized basis and a yield of 5.32%. Archrock’s payout ratio is currently -48.98%.

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.

ILLEGAL ACTIVITY NOTICE: “Boston Partners Takes Position in Archrock Inc (NYSE:AROC)” was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://stocknewstimes.com/2018/02/21/boston-partners-purchases-shares-of-283270-archrock-inc-aroc.html.

About Archrock

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.

Institutional Ownership by Quarter for Archrock (NYSE:AROC)

Receive News & Ratings for Archrock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archrock and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply