King Luther Capital Management Corp Purchases 88,953 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

King Luther Capital Management Corp boosted its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 827.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,703 shares of the company's stock after buying an additional 88,953 shares during the quarter. King Luther Capital Management Corp owned approximately 0.11% of Kodiak Gas Services worth $4,071,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KGS. AlphaQuest LLC bought a new stake in shares of Kodiak Gas Services in the fourth quarter valued at approximately $483,000. Raymond James Financial Inc. purchased a new stake in shares of Kodiak Gas Services during the fourth quarter worth $276,000. Arizona State Retirement System boosted its holdings in shares of Kodiak Gas Services by 16.5% in the fourth quarter. Arizona State Retirement System now owns 8,482 shares of the company's stock worth $346,000 after acquiring an additional 1,200 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Kodiak Gas Services by 155.8% in the fourth quarter. Victory Capital Management Inc. now owns 262,329 shares of the company's stock worth $10,711,000 after acquiring an additional 159,772 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Kodiak Gas Services by 56.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 309,679 shares of the company's stock valued at $12,644,000 after purchasing an additional 111,269 shares in the last quarter. Hedge funds and other institutional investors own 24.95% of the company's stock.

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Kodiak Gas Services Trading Down 2.3 %

NYSE:KGS traded down $0.84 during trading hours on Thursday, reaching $36.17. The company's stock had a trading volume of 1,197,811 shares, compared to its average volume of 1,185,871. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 124.72 and a beta of 1.30. The firm has a 50-day simple moving average of $43.97 and a 200-day simple moving average of $37.43. Kodiak Gas Services, Inc. has a 1 year low of $24.83 and a 1 year high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced 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 net margin of 2.23% and a return on equity of 7.91%. The business had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. Research analysts expect that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were issued a dividend of $0.41 per share. The ex-dividend date was Friday, February 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.53%. Kodiak Gas Services's dividend payout ratio (DPR) is 277.97%.

Analysts Set New Price Targets

Several brokerages have commented on KGS. JPMorgan Chase & Co. raised their target price on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a "neutral" rating in a research note on Friday, November 29th. 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. Truist Financial increased 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. Raymond James reissued an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Finally, Barclays increased their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Kodiak Gas Services presently has a consensus rating of "Moderate Buy" and an average target price of $42.18.

Insider Transactions at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of Kodiak Gas Services 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 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 trade represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company's stock.

Kodiak Gas Services Company 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.