Sheets Smith Investment Management Takes Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Sheets Smith Investment Management purchased a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 32,471 shares of the company's stock, valued at approximately $1,326,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Corebridge Financial Inc. raised its holdings in shares of Kodiak Gas Services by 50.2% in the 4th quarter. Corebridge Financial Inc. now owns 16,186 shares of the company's stock valued at $661,000 after purchasing an additional 5,409 shares during the period. Vanguard Group Inc. increased its position in Kodiak Gas Services by 52.3% during the fourth quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company's stock worth $108,568,000 after buying an additional 913,104 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Kodiak Gas Services during the fourth quarter worth approximately $803,000. KLP Kapitalforvaltning AS bought a new stake in Kodiak Gas Services in the fourth quarter valued at approximately $233,000. Finally, Sei Investments Co. lifted its position in shares of Kodiak Gas Services by 45.3% in the fourth quarter. Sei Investments Co. now owns 38,567 shares of the company's stock valued at $1,575,000 after buying an additional 12,029 shares during the last quarter. Institutional investors own 24.95% of the company's stock.

Insiders Place Their Bets

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.18% of the company's stock.

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Wall Street Analysts Forecast Growth

KGS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a "neutral" rating in a report on Friday, November 29th. 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 report on Monday, February 3rd. Raymond James restated an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Citigroup upped their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Finally, Barclays cut their price objective on shares of 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 given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $41.91.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock traded up $0.06 on Friday, reaching $37.56. 1,035,507 shares of the stock were exchanged, compared to its average volume of 742,845. 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 cap of $3.33 billion, a PE ratio of 129.51 and a beta of 1.30. The firm's 50 day moving average is $42.55 and its 200-day moving average is $38.28. Kodiak Gas Services, Inc. has a one year low of $24.84 and a one year high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its earnings results 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). 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 the consensus estimate of $323.82 million. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.37%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services's dividend payout ratio (DPR) is presently 277.97%.

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.