Swiss National Bank Grows Stock Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Swiss National Bank lifted its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,500 shares of the company's stock after purchasing an additional 8,100 shares during the period. Swiss National Bank owned 0.07% of Kodiak Gas Services worth $2,348,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. FMR LLC lifted its stake in shares of Kodiak Gas Services by 444.4% during the 3rd quarter. FMR LLC now owns 4,889,804 shares of the company's stock valued at $141,804,000 after buying an additional 3,991,630 shares in the last quarter. Wellington Management Group LLP bought a new stake in Kodiak Gas Services during the 3rd quarter valued at $44,558,000. Zimmer Partners LP boosted its holdings in shares of Kodiak Gas Services by 313.0% in the third quarter. Zimmer Partners LP now owns 1,779,851 shares of the company's stock worth $51,616,000 after acquiring an additional 1,348,899 shares during the period. Augustine Asset Management Inc. grew its position in shares of Kodiak Gas Services by 1,761.2% in the fourth quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company's stock valued at $26,141,000 after purchasing an additional 605,844 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in Kodiak Gas Services during the 3rd quarter worth about $9,741,000. Institutional investors own 24.95% of the company's stock.

Kodiak Gas Services Price Performance

KGS stock traded down $0.36 during mid-day trading on Monday, hitting $37.25. 1,529,227 shares of the stock were exchanged, compared to its average volume of 745,978. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. 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 business has a fifty day moving average price of $42.35 and a 200 day moving average price of $38.52. Kodiak Gas Services, Inc. has a 12 month low of $24.84 and a 12 month high of $50.43.

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Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

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

Insiders Place Their Bets

In other Kodiak Gas Services 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 value of $177,112,157.50. Following the transaction, the insider now directly owns 34,771,323 shares of the company's stock, valued at $1,651,637,842.50. The trade was a 9.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Mizuho lifted their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Royal Bank of Canada set a $45.00 target price on shares of Kodiak Gas Services and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Citigroup increased their target price on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a research note 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 company a "buy" rating in a research report on Tuesday, March 11th. Finally, Barclays lowered their price objective on 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. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services has an average rating of "Moderate Buy" and a consensus target price of $41.91.

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.