Charles Schwab Investment Management Inc. Has $12.64 Million Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Charles Schwab Investment Management Inc. raised its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 56.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 309,679 shares of the company's stock after buying an additional 111,269 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.35% of Kodiak Gas Services worth $12,644,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. FMR LLC raised its holdings in Kodiak Gas Services by 444.4% in the 3rd quarter. FMR LLC now owns 4,889,804 shares of the company's stock valued at $141,804,000 after acquiring an additional 3,991,630 shares during the last quarter. Wellington Management Group LLP purchased a new position in Kodiak Gas Services during the third quarter worth about $44,558,000. Zimmer Partners LP boosted its stake in Kodiak Gas Services by 313.0% in the 3rd quarter. Zimmer Partners LP now owns 1,779,851 shares of the company's stock worth $51,616,000 after buying an additional 1,348,899 shares during the last quarter. Augustine Asset Management Inc. grew its holdings in Kodiak Gas Services by 1,761.2% in the 4th quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company's stock valued at $26,141,000 after buying an additional 605,844 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Kodiak Gas Services during the 3rd quarter valued at about $9,741,000. Hedge funds and other institutional investors own 24.95% of the company's stock.

Kodiak Gas Services Price Performance

KGS stock traded down $0.32 during trading hours on Tuesday, hitting $38.91. 642,534 shares of the stock traded hands, compared to its average volume of 721,901. The stock has a 50-day simple moving average of $43.23 and a 200 day simple moving average of $38.11. The company has a market cap of $3.45 billion, a P/E ratio of 134.18 and a beta of 1.30. Kodiak Gas Services, Inc. has a one year low of $24.84 and a one year high of $50.43. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86.

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Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.15). The company had revenue of $309.52 million for the quarter, compared to analyst estimates of $323.82 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. Equities analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were issued a $0.41 dividend. 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 4.21%. Kodiak Gas Services's payout ratio is currently 277.97%.

Insider Transactions at Kodiak Gas Services

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the stock in a transaction 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 sale, the insider now directly owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KGS. Royal Bank of Canada set a $45.00 price objective on shares of Kodiak Gas Services and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Barclays cut their price objective on Kodiak Gas Services from $44.00 to $41.00 and set an "equal weight" rating on the stock in a report on Friday. Mizuho lifted their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. The Goldman Sachs Group raised their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Citigroup upped their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.91.

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.