Kodiak Gas Services, Inc. (NYSE:KGS) Shares Bought by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. lifted its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 911.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 283,204 shares of the company's stock after buying an additional 255,204 shares during the quarter. Duff & Phelps Investment Management Co. owned approximately 0.32% of Kodiak Gas Services worth $11,563,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC grew its position in shares of Kodiak Gas Services by 444.4% during the third 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 in the last quarter. Wellington Management Group LLP bought a new position in Kodiak Gas Services in the 3rd quarter worth approximately $44,558,000. Zimmer Partners LP grew 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 valued at $51,616,000 after buying an additional 1,348,899 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Kodiak Gas Services by 52.3% during the fourth quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company's stock valued at $108,568,000 after buying an additional 913,104 shares during the last quarter. Finally, Augustine Asset Management Inc. increased 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 acquiring an additional 605,844 shares during the last quarter. Institutional investors own 24.95% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms recently commented on KGS. Mizuho boosted their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Raymond James reiterated an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Barclays cut their target price on shares of 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. Truist Financial upped their price target 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 increased their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.91.

Insider Activity

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 34,771,323 shares of the company's stock, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company's stock.

Kodiak Gas Services Trading Down 0.8 %

Kodiak Gas Services stock traded down $0.32 during mid-day trading on Monday, hitting $37.29. The company's stock had a trading volume of 672,557 shares, compared to its average volume of 743,334. Kodiak Gas Services, Inc. has a one year low of $24.84 and a one year high of $50.43. The stock has a market cap of $3.31 billion, a PE ratio of 127.71 and a beta of 1.30. The company has a 50 day moving average of $42.55 and a 200-day moving average of $38.45. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27.

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

Kodiak Gas Services Dividend Announcement

The firm also recently announced 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 4.40%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services's dividend payout ratio (DPR) is 277.97%.

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.