American Century Companies Inc. Grows Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

American Century Companies Inc. increased its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 26.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 939,459 shares of the company's stock after purchasing an additional 196,273 shares during the quarter. American Century Companies Inc. owned approximately 1.07% of Kodiak Gas Services worth $38,358,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company's stock valued at $29,000 after buying an additional 342 shares during the period. Amalgamated Bank increased its stake in shares of Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company's stock worth $45,000 after acquiring an additional 588 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in Kodiak Gas Services during the 4th quarter valued at about $49,000. Mendota Financial Group LLC bought a new stake in Kodiak Gas Services during the fourth quarter worth about $122,000. Finally, Virtu Financial LLC purchased a new stake in Kodiak Gas Services in the fourth quarter worth about $222,000. 24.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the company's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the sale, the insider now directly owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.18% of the company's stock.

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Kodiak Gas Services Stock Performance

KGS stock traded down $0.67 on Monday, hitting $36.95. The company had a trading volume of 353,627 shares, compared to its average volume of 741,445. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. Kodiak Gas Services, Inc. has a 12-month low of $24.84 and a 12-month high of $50.43. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 127.40 and a beta of 1.30. The stock's 50-day simple moving average is $42.55 and its 200 day simple moving average is $38.45.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.15). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The firm had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. As a group, equities research analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.44%. Kodiak Gas Services's dividend payout ratio is currently 277.97%.

Analysts Set New Price Targets

KGS has been the topic of several recent research reports. Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Barclays reduced their price target on Kodiak Gas Services from $44.00 to $41.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. Raymond James reiterated an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Truist Financial raised their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Finally, Citigroup upped their target price on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Kodiak Gas Services currently has an average rating of "Moderate Buy" and a consensus target price of $41.91.

About Kodiak Gas Services

Kodiak Gas Services, Inc operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil.