13,788 Shares in Archrock, Inc. (NYSE:AROC) Purchased by Bank of Nova Scotia

Bank of Nova Scotia acquired a new stake in Archrock, Inc. (NYSE:AROCGet Rating) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,788 shares of the energy company’s stock, valued at approximately $114,000.

Several other hedge funds have also recently modified their holdings of AROC. Dimensional Fund Advisors LP grew its position in Archrock by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 9,675,051 shares of the energy company’s stock valued at $89,301,000 after buying an additional 220,951 shares during the period. Invesco Ltd. boosted its stake in Archrock by 18.3% in the first quarter. Invesco Ltd. now owns 9,454,203 shares of the energy company’s stock valued at $87,262,000 after acquiring an additional 1,462,659 shares during the last quarter. Bank of America Corp DE grew its position in shares of Archrock by 0.8% during the 1st quarter. Bank of America Corp DE now owns 7,214,861 shares of the energy company’s stock valued at $66,593,000 after acquiring an additional 55,822 shares during the period. State Street Corp increased its stake in shares of Archrock by 17.8% during the 1st quarter. State Street Corp now owns 6,047,977 shares of the energy company’s stock worth $55,823,000 after purchasing an additional 915,097 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Archrock by 1.3% in the 1st quarter. Sei Investments Co. now owns 2,076,481 shares of the energy company’s stock worth $19,165,000 after purchasing an additional 26,893 shares during the period. Institutional investors own 82.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Archrock in a research report on Wednesday, October 12th. They issued a “buy” rating for the company.

Archrock Price Performance

NYSE AROC opened at $8.39 on Tuesday. The company has a market cap of $1.31 billion, a PE ratio of 32.27 and a beta of 1.72. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 1.72. The firm’s 50-day simple moving average is $7.41 and its two-hundred day simple moving average is $8.05. Archrock, Inc. has a 52 week low of $6.28 and a 52 week high of $10.44.

Archrock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 8th were paid a $0.145 dividend. The ex-dividend date of this dividend was Monday, November 7th. This represents a $0.58 dividend on an annualized basis and a yield of 6.91%. Archrock’s dividend payout ratio is 223.08%.

Archrock Profile

(Get Rating)

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. It operates in two segments, Contract Operations and Aftermarket Services. The company engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining its owned fleet of natural gas compression equipment to provide natural gas compression services to customers in the oil and natural gas industry.

Further Reading

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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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