Cavalier Investments LLC Has $813,000 Position in Archrock, Inc. (NYSE:AROC)

Cavalier Investments LLC raised its position in Archrock, Inc. (NYSE:AROC) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,660 shares of the energy company’s stock after acquiring an additional 1,344 shares during the quarter. Cavalier Investments LLC’s holdings in Archrock were worth $813,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AROC. Illinois Municipal Retirement Fund raised its position in shares of Archrock by 4.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 86,620 shares of the energy company’s stock valued at $2,156,000 after purchasing an additional 3,923 shares during the period. Amalgamated Bank raised its position in shares of Archrock by 3.1% in the fourth quarter. Amalgamated Bank now owns 51,068 shares of the energy company’s stock valued at $1,271,000 after purchasing an additional 1,555 shares during the period. Navellier & Associates Inc. raised its position in shares of Archrock by 4.0% in the fourth quarter. Navellier & Associates Inc. now owns 223,310 shares of the energy company’s stock valued at $5,558,000 after purchasing an additional 8,656 shares during the period. Wolverine Asset Management LLC raised its position in shares of Archrock by 111.8% in the fourth quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock valued at $37,000 after purchasing an additional 14,200 shares during the period. Finally, Corps Capital Advisors LLC bought a new position in shares of Archrock in the fourth quarter valued at about $697,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Price Performance

NYSE:AROC opened at $26.44 on Wednesday. Archrock, Inc. has a 52 week low of $17.26 and a 52 week high of $30.44. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 29.05, a P/E/G ratio of 1.60 and a beta of 1.57. The firm’s 50-day simple moving average is $27.12 and its 200 day simple moving average is $23.61. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders 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. This represents a $0.76 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Wednesday, February 12th. Archrock’s dividend payout ratio (DPR) is currently 83.52%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Royal Bank of Canada raised their price target on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $25.17.

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.