Strs Ohio Backs Archrock, Inc. (AROC) After Massive Market Outperformance

Archrock, Inc. (NYSE:AROC) is among the under-the-radar dividend stocks benefiting from AI. During the first quarter, Strs Ohio purchased a new stake in Archrock, Inc. (NYSE:AROC) through the acquisition of 13,100 shares of the company’s stock. According to the recent disclosure with the SEC, the firm’s investment in the company amounts to approximately $344,000.

Despite political uncertainty, Archrock, Inc. (NYSE:AROC) serves as one of the most compelling yet often overlooked investment opportunities. While the market delivered three-year and five-year returns of 85.85% and 98.15%, respectively, the company delivered 364.85% and 536.92%, respectively. These comparative statistics paint an overall positive picture of the company.

Earlier this month, Archrock, Inc. (NYSE:AROC) was issued an ‘Overweight’ rating at Wells Fargo. The research firm believes that the company is in a good position to benefit from growing U.S. natural gas supply stemming from LNG, surging AI data center power demand, and the manufacturing of onshoring. One thing is certain: the company is poised to benefit as AI and technology gain traction.

Archrock, Inc. (NYSE:AROC) is a Texas-based energy infrastructure company operating through two segments: Contract Operations and Aftermarket Services. Incorporated in 1990, the company aims to power a cleaner world.

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Disclosure: None.