Kodiak Gas Services, Inc. (NYSE:KGS) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 52.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,659,015 shares of the company's stock after purchasing an additional 913,104 shares during the period. Vanguard Group Inc. owned about 3.04% of Kodiak Gas Services worth $108,568,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP purchased a new position in shares of Kodiak Gas Services during the third quarter valued at approximately $44,558,000. American Century Companies Inc. raised its holdings in Kodiak Gas Services by 26.4% in the 4th quarter. American Century Companies Inc. now owns 939,459 shares of the company's stock valued at $38,358,000 after acquiring an additional 196,273 shares during the last quarter. State Street Corp lifted its stake in shares of Kodiak Gas Services by 8.7% during the 3rd quarter. State Street Corp now owns 678,925 shares of the company's stock worth $19,689,000 after purchasing an additional 54,202 shares during the period. Augustine Asset Management Inc. lifted its stake in shares of Kodiak Gas Services by 1,761.2% during the 4th quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company's stock worth $26,141,000 after purchasing an additional 605,844 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Kodiak Gas Services by 16.8% during the third quarter. Geode Capital Management LLC now owns 547,815 shares of the company's stock worth $15,890,000 after purchasing an additional 78,811 shares during the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

Kodiak Gas Services Stock Up 0.8 %

Kodiak Gas Services stock traded up $0.24 during trading on Friday, reaching $32.46. 1,057,068 shares of the company's stock were exchanged, compared to its average volume of 778,518. The company's 50-day moving average is $39.12 and its two-hundred day moving average is $38.81. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. Kodiak Gas Services, Inc. has a 52-week low of $24.84 and a 52-week high of $50.43. The firm has a market cap 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 issued 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). The company 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, analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 5.05%. Kodiak Gas Services's dividend payout ratio (DPR) is presently 277.97%.

Insider Activity at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now owns 34,771,323 shares of the company's stock, valued at approximately $1,651,637,842.50. The trade was a 9.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.27% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Citigroup increased their target price 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. Truist Financial increased 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. Mizuho boosted their target price 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. Raymond James reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Finally, Barclays lowered 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 note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Kodiak Gas Services presently has an average rating of "Moderate Buy" and an average price target of $41.91.

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.