15,925 Shares in Kodiak Gas Services, Inc. (NYSE:KGS) Purchased by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. acquired a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,925 shares of the company's stock, valued at approximately $650,000.

A number of other institutional investors have also recently bought and sold shares of KGS. GAMMA Investing LLC grew 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 valued at $29,000 after acquiring an additional 342 shares in the last quarter. Amalgamated Bank grew its stake in Kodiak Gas Services by 112.6% in the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company's stock valued at $45,000 after purchasing an additional 588 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Kodiak Gas Services during the 4th quarter worth about $49,000. Mendota Financial Group LLC purchased a new stake in shares of Kodiak Gas Services during the 4th quarter worth about $122,000. Finally, Virtu Financial LLC acquired a new stake in shares of Kodiak Gas Services during the 4th quarter valued at about $222,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

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 stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the sale, the insider now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

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Kodiak Gas Services Stock Performance

Shares of NYSE KGS traded down $0.36 during trading hours on Monday, hitting $37.25. 903,571 shares of the company's stock were exchanged, compared to its average volume of 745,723. The company's 50-day moving average price is $42.55 and its 200-day moving average price is $38.45. Kodiak Gas Services, Inc. has a 1-year low of $24.84 and a 1-year high of $50.43. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 128.46 and a beta of 1.30. 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 (NYSE:KGS - Get Free Report) last issued 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 business had revenue of $309.52 million for the quarter, compared to analyst estimates of $323.82 million. On average, sell-side analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were given a $0.41 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.64 annualized dividend and a yield of 4.40%. Kodiak Gas Services's dividend payout ratio is 277.97%.

Analysts Set New Price Targets

Several brokerages recently weighed in on KGS. Barclays cut their price objective on shares of Kodiak Gas Services from $44.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. Mizuho raised their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a report 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 stock a "buy" rating in a report on Tuesday, March 11th. Raymond James restated an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Finally, Citigroup boosted their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $41.91.

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.