Federated Hermes Inc. Purchases 73,406 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Federated Hermes Inc. grew its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 77.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 168,037 shares of the company's stock after acquiring an additional 73,406 shares during the period. Federated Hermes Inc. owned 0.19% of Kodiak Gas Services worth $6,861,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Kodiak Gas Services by 94.7% during the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company's stock worth $29,000 after buying an additional 342 shares in the last quarter. Amalgamated Bank boosted its stake in Kodiak Gas Services by 112.6% during the fourth 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 acquired a new stake in Kodiak Gas Services in the fourth quarter worth $49,000. Mendota Financial Group LLC acquired a new stake in Kodiak Gas Services in the fourth quarter worth $122,000. Finally, Virtu Financial LLC bought a new stake in Kodiak Gas Services in the fourth quarter valued at $222,000. 24.95% of the stock is owned by institutional investors.

Kodiak Gas Services Trading Up 1.1 %

NYSE KGS traded up $0.38 during trading on Wednesday, hitting $33.86. 120,245 shares of the company's stock traded hands, compared to its average volume of 778,175. The firm has a market cap of $3.00 billion, a P/E ratio of 116.95 and a beta of 1.52. The stock has a fifty day moving average of $38.57 and a two-hundred day moving average of $38.79. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. Kodiak Gas Services, Inc. has a 12-month low of $24.84 and a 12-month high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $309.52 million for the quarter, compared to analysts' expectations of $323.82 million. As a group, sell-side 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 announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were issued 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 4.84%. Kodiak Gas Services's dividend payout ratio is currently 277.97%.

Analysts Set New Price Targets

Several analysts have recently commented on KGS shares. Citigroup raised their target price 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. Royal Bank of Canada set a $45.00 price objective on Kodiak Gas Services and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Truist Financial upped their target price on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Mizuho upped their price objective 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. Finally, Barclays lowered their price target on shares of Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.45.

Insider Buying and Selling

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 on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the transaction, the insider now directly owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. This represents a 9.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is owned by insiders.

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.