Bailard Inc. Invests $363,000 in Kodiak Gas Services, Inc. (NYSE:KGS)

Bailard Inc. purchased a new stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,900 shares of the company's stock, valued at approximately $363,000.

A number of other institutional investors have also made changes to their positions in the business. FMR LLC raised its holdings in Kodiak Gas Services by 444.4% during the 3rd quarter. FMR LLC now owns 4,889,804 shares of the company's stock worth $141,804,000 after purchasing an additional 3,991,630 shares during the last quarter. Zimmer Partners LP raised its holdings in Kodiak Gas Services by 313.0% during the 3rd quarter. Zimmer Partners LP now owns 1,779,851 shares of the company's stock worth $51,616,000 after purchasing an additional 1,348,899 shares during the last quarter. Wellington Management Group LLP bought a new stake in Kodiak Gas Services during the 3rd quarter worth about $44,558,000. State Street Corp raised its holdings in Kodiak Gas Services by 8.7% during the 3rd quarter. State Street Corp now owns 678,925 shares of the company's stock worth $19,689,000 after purchasing an additional 54,202 shares during the last quarter. Finally, Augustine Asset Management Inc. raised its holdings in Kodiak Gas Services by 1,761.2% during the 4th quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company's stock worth $26,141,000 after purchasing an additional 605,844 shares during the last quarter. 24.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 legal filing with the SEC, which is available through this link. Insiders own 0.18% of the company's stock.

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Kodiak Gas Services Stock Down 1.4 %

Shares of KGS traded down $0.48 on Friday, hitting $34.01. The company's stock had a trading volume of 2,732,798 shares, compared to its average volume of 1,155,432. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The firm's fifty day moving average price is $44.31 and its 200-day moving average price is $37.17. Kodiak Gas Services, Inc. has a fifty-two week low of $24.83 and a fifty-two week high of $50.43. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 117.26 and a beta of 1.30.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) 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 business had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. On average, equities research analysts expect that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services's dividend payout ratio (DPR) is currently 565.52%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KGS. Royal Bank of Canada boosted their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. The Goldman Sachs Group upped their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Citigroup upped their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Truist Financial upped their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, Mizuho upped their price target on Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Kodiak Gas Services currently has a consensus rating of "Moderate Buy" and a consensus price target 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.