Cwm LLC Purchases 2,846 Shares of Archrock, Inc. (NYSE:AROC)

Cwm LLC lifted its position in shares of Archrock, Inc. (NYSE:AROC) by 382.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,591 shares of the energy company’s stock after buying an additional 2,846 shares during the period. Cwm LLC’s holdings in Archrock were worth $73,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. USA Financial Formulas boosted its position in Archrock by 4,483.8% during the fourth quarter. USA Financial Formulas now owns 1,696 shares of the energy company’s stock valued at $26,000 after buying an additional 1,659 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Archrock during the 1st quarter valued at about $43,000. GAMMA Investing LLC purchased a new stake in Archrock during the 4th quarter valued at about $51,000. Russell Investments Group Ltd. grew its position in Archrock by 70.6% during the 1st quarter. Russell Investments Group Ltd. now owns 5,946 shares of the energy company’s stock worth $117,000 after acquiring an additional 2,461 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Archrock in the first quarter valued at approximately $133,000. Institutional investors own 95.45% of the company’s stock.

Analysts Set New Price Targets

AROC has been the topic of several recent analyst reports. Stifel Nicolaus raised their target price on shares of Archrock from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Archrock in a research note on Wednesday, August 7th. Finally, StockNews.com cut Archrock from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th.

Archrock Stock Performance

Shares of AROC opened at $19.52 on Tuesday. Archrock, Inc. has a one year low of $11.73 and a one year high of $23.44. The company has a 50-day simple moving average of $20.22 and a two-hundred day simple moving average of $19.49. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.53 and a quick ratio of 0.74. The firm has a market capitalization of $3.05 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.56 and a beta of 1.53.

Archrock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 3.38%. The ex-dividend date was Tuesday, August 6th. Archrock’s dividend payout ratio is currently 79.52%.

About Archrock

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.