California Public Employees Retirement System lowered its stake in Archrock Inc. (NYSE:AROC) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 333,082 shares of the company’s stock after selling 12,200 shares during the period. California Public Employees Retirement System owned about 0.49% of Archrock worth $4,357,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of AROC. Stifel Financial Corp purchased a new stake in shares of Archrock during the second quarter worth $108,000. Mason Street Advisors LLC purchased a new stake in shares of Archrock during the second quarter worth $128,000. Legal & General Group Plc increased its stake in shares of Archrock by 22.7% in the second quarter. Legal & General Group Plc now owns 14,762 shares of the company’s stock worth $136,000 after buying an additional 2,733 shares during the period. Quantitative Investment Management LLC purchased a new stake in shares of Archrock during the second quarter worth $164,000. Finally, Princeton Alpha Management LP purchased a new stake in shares of Archrock during the second quarter worth $177,000. Institutional investors own 88.29% of the company’s stock.

Institutional Ownership by Quarter for Archrock (NYSE:AROC)

Shares of Archrock Inc. (NYSE:AROC) traded down 1.47% during mid-day trading on Monday, hitting $13.45. The stock had a trading volume of 597,893 shares. The stock’s market cap is $920.99 million. Archrock Inc. has a 12-month low of $3.41 and a 12-month high of $14.10. The firm’s 50-day moving average price is $12.46 and its 200 day moving average price is $10.48.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Thursday, November 10th were issued a $0.12 dividend. The ex-dividend date was Tuesday, November 8th. This is a boost from Archrock’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.52%. Archrock’s dividend payout ratio is presently -30.77%.

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A number of research analysts recently issued reports on AROC shares. Johnson Rice upgraded Archrock from a “hold” rating to an “accumulate” rating in a research report on Friday, August 5th. FBR & Co set a $11.00 price objective on Archrock and gave the company a “hold” rating in a research report on Friday, August 5th. Royal Bank Of Canada upgraded Archrock from an “underperform” rating to a “sector perform” rating and boosted their price objective for the company from $4.00 to $10.00 in a research report on Friday, August 5th. Piper Jaffray Cos. started coverage on Archrock in a research report on Monday, August 22nd. They set a “neutral” rating for the company. Finally, Capital One Financial Corp. upgraded Archrock from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 14th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $10.97.

About Archrock

Archrock, Inc, formerly Exterran Holdings, Inc, is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.

5 Day Chart for NYSE:AROC

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