Royce & Associates LP Increases Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Royce & Associates LP boosted its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 162.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 340,550 shares of the company's stock after purchasing an additional 210,550 shares during the quarter. Royce & Associates LP owned about 0.39% of Kodiak Gas Services worth $13,905,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company's stock worth $29,000 after buying an additional 342 shares in the last quarter. Amalgamated Bank grew its stake in Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company's stock worth $45,000 after acquiring an additional 588 shares during the period. Transcendent Capital Group LLC purchased a new stake in Kodiak Gas Services in the 4th quarter worth approximately $49,000. Mendota Financial Group LLC acquired a new position in Kodiak Gas Services in the 4th quarter valued at $122,000. Finally, Kestra Investment Management LLC purchased a new position in shares of Kodiak Gas Services during the 4th quarter worth $233,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

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 sale, the insider now owns 34,771,323 shares in the company, valued at $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 SEC, which is available at this hyperlink. Company insiders own 0.18% of the company's stock.

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Analyst Upgrades and Downgrades

KGS has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $45.00 price objective on Kodiak Gas Services and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Citigroup lifted their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. The Goldman Sachs Group upped their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Truist Financial raised 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 report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the stock a "neutral" rating in a research report on Friday, November 29th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $41.91.

Kodiak Gas Services Trading Down 1.6 %

NYSE KGS traded down $0.60 during mid-day trading on Friday, hitting $37.85. The company's stock had a trading volume of 2,597,376 shares, compared to its average volume of 721,958. The firm has a market capitalization of $3.33 billion, a P/E ratio of 130.51 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, Inc. has a 52-week low of $24.84 and a 52-week high of $50.43. The stock's fifty day simple moving average is $43.39 and its two-hundred day simple moving average is $37.79.

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

Kodiak Gas Services Announces Dividend

The business 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. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services's dividend payout ratio is presently 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.