Kodiak Gas Services, Inc. (NYSE:KGS) is Augustine Asset Management Inc.'s 4th Largest Position

Augustine Asset Management Inc. raised its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 1,761.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 640,244 shares of the company's stock after purchasing an additional 605,844 shares during the period. Kodiak Gas Services accounts for about 6.9% of Augustine Asset Management Inc.'s holdings, making the stock its 4th biggest position. Augustine Asset Management Inc. owned 0.73% of Kodiak Gas Services worth $26,141,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in Kodiak Gas Services by 94.7% in the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company's stock worth $29,000 after purchasing an additional 342 shares during the period. Mendota Financial Group LLC purchased a new stake in shares of Kodiak Gas Services in the fourth quarter worth about $122,000. SG Americas Securities LLC bought a new position in shares of Kodiak Gas Services in the third quarter valued at approximately $125,000. Quadrature Capital Ltd purchased a new position in Kodiak Gas Services during the third quarter valued at approximately $242,000. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of Kodiak Gas Services by 41.7% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 10,904 shares of the company's stock valued at $316,000 after purchasing an additional 3,209 shares in the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the transaction, the insider now owns 34,771,323 shares of the company's stock, 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 the SEC website. Also, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the sale, the insider now owns 31,745 shares in the company, valued at approximately $1,284,085.25. This represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Kodiak Gas Services Trading Up 0.7 %

KGS stock traded up $0.31 during trading on Friday, hitting $45.22. 729,216 shares of the company traded hands, compared to its average volume of 1,120,178. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The company has a 50-day moving average of $43.99 and a 200-day moving average of $35.71. The firm has a market capitalization of $3.96 billion, a PE ratio of 155.93 and a beta of 1.18. Kodiak Gas Services, Inc. has a 1 year low of $23.54 and a 1 year high of $50.43.

Kodiak Gas Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 14th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Friday, February 14th. Kodiak Gas Services's payout ratio is 565.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Barclays increased their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. JPMorgan Chase & Co. lifted their price target on Kodiak Gas Services from $34.00 to $42.00 and gave the company a "neutral" rating in a research report on Friday, November 29th. Mizuho boosted their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. The Goldman Sachs Group lifted their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, Raymond James upped their price objective on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $41.09.

Kodiak Gas Services Profile

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.