Fox Run Management L.L.C. Takes Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Fox Run Management L.L.C. bought a new position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 19,665 shares of the company's stock, valued at approximately $803,000.

Several other hedge funds have also recently made changes to their positions in the company. FMR LLC increased its stake in shares of Kodiak Gas Services by 444.4% in 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 purchased a new position in Kodiak Gas Services in the 3rd quarter valued at approximately $44,558,000. 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 valued at $51,616,000 after acquiring an additional 1,348,899 shares during the period. Augustine Asset Management Inc. lifted its position in shares of Kodiak Gas Services by 1,761.2% during the fourth quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company's stock worth $26,141,000 after acquiring an additional 605,844 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Kodiak Gas Services in the third quarter worth $9,741,000. 24.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KGS has been the topic of a number of recent research reports. Truist Financial increased their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Citigroup boosted their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price objective on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a "neutral" rating in a research report on Friday, November 29th. 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. Finally, Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the company an "outperform" rating in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $41.91.

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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 that occurred on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the transaction, the insider now owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This 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 at the SEC website. Company insiders own 0.18% of the company's stock.

Kodiak Gas Services Stock Up 0.2 %

Shares of NYSE KGS traded up $0.06 during trading on Friday, reaching $37.56. The company had a trading volume of 1,035,507 shares, compared to its average volume of 742,844. The business's 50-day moving average is $42.55 and its 200 day moving average is $38.28. 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 stock has a market cap of $3.33 billion, a PE ratio of 129.51 and a beta of 1.30. 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). The firm had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. As a group, equities analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal 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 issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services's payout ratio 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.