Williamson Legacy Group LLC Acquires New Position in Archrock, Inc. (NYSE:AROC)

Williamson Legacy Group LLC acquired a new stake in Archrock, Inc. (NYSE:AROC) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 23,580 shares of the energy company’s stock, valued at approximately $587,000.

A number of other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE increased its stake in Archrock by 101.0% in the fourth quarter. US Bancorp DE now owns 8,590 shares of the energy company’s stock valued at $214,000 after acquiring an additional 4,317 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Archrock by 4.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 26,534 shares of the energy company’s stock valued at $660,000 after acquiring an additional 1,126 shares during the last quarter. Financial Security Advisor Inc. bought a new position in Archrock in the fourth quarter valued at approximately $229,000. Versor Investments LP bought a new position in Archrock in the fourth quarter valued at approximately $784,000. Finally, Oppenheimer & Co. Inc. bought a new position in Archrock in the fourth quarter valued at approximately $449,000. 95.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AROC shares. JPMorgan Chase & Co. boosted their target price on shares of Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Royal Bank of Canada boosted their target price on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Archrock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.17.

Archrock Price Performance

Shares of NYSE:AROC opened at $27.12 on Friday. The firm has a market cap of $4.75 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 1.60 and a beta of 1.57. The firm’s fifty day moving average is $27.23 and its 200-day moving average is $23.66. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. Archrock, Inc. has a 52 week low of $17.26 and a 52 week high of $30.44.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were issued 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 annualized dividend and a yield of 2.80%. Archrock’s payout ratio is presently 73.08%.

Archrock Company Profile

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.