Sei Investments Co. Boosts Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Sei Investments Co. lifted its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 45.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,567 shares of the company's stock after purchasing an additional 12,029 shares during the quarter. Sei Investments Co.'s holdings in Kodiak Gas Services were worth $1,575,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KGS. Wellington Management Group LLP acquired a new position in Kodiak Gas Services during the 3rd quarter valued at about $44,558,000. American Century Companies Inc. lifted its holdings in shares of Kodiak Gas Services by 26.4% in the fourth quarter. American Century Companies Inc. now owns 939,459 shares of the company's stock valued at $38,358,000 after purchasing an additional 196,273 shares in the last quarter. State Street Corp boosted its position in shares of Kodiak Gas Services by 8.7% during the third quarter. State Street Corp now owns 678,925 shares of the company's stock valued at $19,689,000 after buying an additional 54,202 shares during the last quarter. Augustine Asset Management Inc. grew its holdings in 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 in the last quarter. Finally, Two Sigma Advisers LP raised its position in Kodiak Gas Services by 50.3% in the 3rd quarter. Two Sigma Advisers LP now owns 605,100 shares of the company's stock valued at $17,548,000 after buying an additional 202,400 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors.

Insider Activity at Kodiak Gas Services

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the stock in a transaction dated 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 represents a 9.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Citigroup lifted their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Truist Financial boosted their price target 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. Mizuho increased 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. Royal Bank of Canada set a $45.00 target price on Kodiak Gas Services and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Finally, Barclays decreased their price target on Kodiak Gas Services from $44.00 to $41.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Kodiak Gas Services presently has an average rating of "Moderate Buy" and an average target price of $41.91.

Kodiak Gas Services Stock Performance

NYSE KGS traded up $0.24 on Friday, hitting $32.46. 1,057,068 shares of the stock traded hands, compared to its average volume of 777,359. 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 business's fifty day moving average is $39.12 and its two-hundred day moving average is $38.74. Kodiak Gas Services, Inc. has a 12 month low of $24.84 and a 12 month high of $50.43. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 111.95 and a beta of 1.52.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.15). The firm had revenue of $309.52 million during the quarter, compared to analysts' expectations of $323.82 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. As a group, equities analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 5.05%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services's dividend payout ratio (DPR) is currently 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.