Alliancebernstein L.P. Has $14.15 Million Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Alliancebernstein L.P. grew its stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 168.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 346,462 shares of the company's stock after buying an additional 217,322 shares during the quarter. Alliancebernstein L.P. owned 0.40% of Kodiak Gas Services worth $14,146,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Kodiak Gas Services by 94.7% in the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company's stock valued at $29,000 after purchasing an additional 342 shares in the last quarter. Amalgamated Bank grew its position in shares of Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company's stock valued at $45,000 after buying an additional 588 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in Kodiak Gas Services in the fourth quarter valued at $49,000. Mendota Financial Group LLC acquired a new stake in shares of Kodiak Gas Services during the fourth quarter worth about $122,000. Finally, Virtu Financial LLC acquired a new position in Kodiak Gas Services during the fourth quarter worth approximately $222,000. Institutional investors and hedge funds own 24.95% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on KGS shares. Citigroup boosted their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Truist Financial lifted their target price 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. Mizuho lifted their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Barclays cut their target price on Kodiak Gas Services from $44.00 to $41.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Finally, Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Kodiak Gas Services has a consensus rating of "Moderate Buy" and a consensus price target of $41.91.

Insider Activity

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm's stock in a transaction on 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 transaction, the insider now directly owns 34,771,323 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Corporate insiders own 0.27% of the company's stock.

Kodiak Gas Services Stock Up 1.4 %

KGS traded up $0.46 during trading on Monday, hitting $33.00. The company had a trading volume of 37,692 shares, compared to its average volume of 775,641. The company has a market cap of $2.93 billion, a PE ratio of 113.78 and a beta of 1.52. 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 business has a 50-day moving average of $39.12 and a 200-day moving average of $38.81.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its quarterly 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 firm had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. As a group, analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors 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 dividend yield of 4.97%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services's dividend payout ratio is presently 277.97%.

Kodiak Gas Services 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.