Invesco Ltd. Boosts Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Invesco Ltd. increased its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,942,782 shares of the company's stock after buying an additional 32,966 shares during the quarter. Invesco Ltd. owned 3.36% of Kodiak Gas Services worth $120,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in KGS. FMR LLC increased its holdings in shares of Kodiak Gas Services by 50.2% during the fourth quarter. FMR LLC now owns 7,342,296 shares of the company's stock valued at $299,786,000 after acquiring an additional 2,452,492 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Kodiak Gas Services by 52.3% in the fourth quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company's stock worth $108,568,000 after buying an additional 913,104 shares during the last quarter. Augustine Asset Management Inc. lifted its stake 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 buying an additional 605,844 shares during the period. Burkehill Global Management LP purchased a new stake in shares of Kodiak Gas Services during the fourth quarter valued at $12,249,000. Finally, Pamalican Asset Management Ltd acquired a new position in shares of Kodiak Gas Services in the 4th quarter valued at $12,249,000. 24.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KGS has been the topic of several research analyst reports. Raymond James reiterated an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Royal Bank of Canada set a $45.00 price target on shares of Kodiak Gas Services and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Mizuho lifted their price objective on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Truist Financial upped their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Finally, Barclays reduced their target price on shares of Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $41.45.

Insider Buying and Selling at Kodiak Gas Services

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business's stock in a transaction dated 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 directly owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. The trade was a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.27% of the company's stock.

Kodiak Gas Services Price Performance

NYSE KGS traded up $0.59 during trading hours on Friday, reaching $34.42. The company's stock had a trading volume of 547,125 shares, compared to its average volume of 783,091. 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 1-year low of $24.84 and a 1-year high of $50.43. The company's 50-day moving average is $38.11 and its two-hundred day moving average is $38.80. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 118.70 and a beta of 1.52.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly 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 during the quarter, compared to analyst estimates of $323.82 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. On average, equities analysts predict that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.64 annualized dividend and a yield of 4.76%. Kodiak Gas Services's dividend payout ratio (DPR) is currently 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.