Archrock Partners LP (NASDAQ:APLP) Director Archrock, Inc. purchased 5,482,581 shares of the business’s stock in a transaction that occurred on Saturday, November 19th. The stock was bought at an average cost of $15.20 per share, for a total transaction of $83,335,231.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Archrock Partners LP (NASDAQ:APLP) traded up 0.65% on Tuesday, hitting $16.99. The stock had a trading volume of 74,311 shares. Archrock Partners LP has a one year low of $5.36 and a one year high of $17.50.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Thursday, November 10th were issued a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 6.71%. The ex-dividend date was Tuesday, November 8th. Archrock Partners’s payout ratio is currently -49.78%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC increased its position in Archrock Partners by 4.4% in the first quarter. Barclays PLC now owns 61,241 shares of the company’s stock valued at $674,000 after buying an additional 2,566 shares in the last quarter. HITE Hedge Asset Management LLC increased its position in Archrock Partners by 55.0% in the second quarter. HITE Hedge Asset Management LLC now owns 976,531 shares of the company’s stock valued at $13,222,000 after buying an additional 346,651 shares in the last quarter. Babson Capital Management LLC increased its position in Archrock Partners by 30.5% in the first quarter. Babson Capital Management LLC now owns 180,700 shares of the company’s stock valued at $2,002,000 after buying an additional 42,200 shares in the last quarter. JPMorgan Chase & Co. increased its position in Archrock Partners by 6,484.6% in the second quarter. JPMorgan Chase & Co. now owns 605,784 shares of the company’s stock valued at $8,202,000 after buying an additional 596,584 shares in the last quarter. Finally, Huntington National Bank purchased a new position in Archrock Partners during the second quarter valued at about $109,000. 44.59% of the stock is currently owned by institutional investors and hedge funds.

APLP has been the topic of several recent research reports. Royal Bank Of Canada cut their price target on Archrock Partners from $14.00 to $8.00 and set a “sector perform” rating on the stock in a report on Friday, August 5th. Credit Suisse Group AG set a $17.00 price target on Archrock Partners and gave the stock a “buy” rating in a report on Friday, August 5th. RBC Capital Markets reissued a “sector perform” rating and issued a $14.00 price target (up previously from $8.00) on shares of Archrock Partners in a report on Friday, August 5th. Finally, Zacks Investment Research raised Archrock Partners from a “sell” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, August 9th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $14.13.

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About Archrock Partners

Archrock Partners, L.P., formerly Exterran Partners, L.P., is engaged in the United States natural gas compression business. The Company provides contract operations services, including the personnel, equipment, tools, materials and supplies to meet its customers’ natural gas compression needs. The Company’s contract operations services primarily include designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide natural gas compression services to its customers.

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