Campbell & CO Investment Adviser LLC Buys New Holdings in Archrock, Inc. (NYSE:AROC)

Campbell & CO Investment Adviser LLC acquired a new stake in shares of Archrock, Inc. (NYSE:AROCFree Report) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 49,205 shares of the energy company’s stock, valued at approximately $620,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its position in shares of Archrock by 70.6% in the 2nd quarter. Parallel Advisors LLC now owns 2,921 shares of the energy company’s stock worth $30,000 after purchasing an additional 1,209 shares during the period. Russell Investments Group Ltd. acquired a new position in Archrock in the first quarter valued at $31,000. Tower Research Capital LLC TRC boosted its position in Archrock by 184.8% during the first quarter. Tower Research Capital LLC TRC now owns 3,913 shares of the energy company’s stock valued at $38,000 after acquiring an additional 2,539 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Archrock by 79.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,989 shares of the energy company’s stock worth $51,000 after acquiring an additional 2,206 shares during the period. Finally, Edgestream Partners L.P. bought a new position in shares of Archrock in the 2nd quarter worth about $104,000. 81.53% of the stock is owned by institutional investors.

Archrock Trading Up 0.9 %

Shares of Archrock stock opened at $16.31 on Monday. The stock has a market capitalization of $2.55 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 2.56 and a beta of 1.57. Archrock, Inc. has a 52 week low of $8.78 and a 52 week high of $16.85. The stock has a 50 day moving average price of $15.40 and a two-hundred day moving average price of $13.83. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.86 and a current ratio of 1.41.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th will be given a $0.165 dividend. The ex-dividend date of this dividend is Monday, February 5th. This represents a $0.66 annualized dividend and a yield of 4.05%. This is an increase from Archrock’s previous quarterly dividend of $0.16. Archrock’s dividend payout ratio (DPR) is presently 124.53%.

Analyst Ratings Changes

Several brokerages recently commented on AROC. Raymond James upped their target price on Archrock from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 17th. StockNews.com lowered shares of Archrock from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Archrock currently has a consensus rating of “Moderate Buy” and an average price target of $16.33.

View Our Latest Stock Analysis on Archrock

Archrock Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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