Kodiak Gas Services, Inc. (NYSE:KGS) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 155.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 262,329 shares of the company's stock after purchasing an additional 159,772 shares during the quarter. Victory Capital Management Inc. owned approximately 0.30% of Kodiak Gas Services worth $10,711,000 as of its most recent filing with the Securities and Exchange Commission.

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

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock traded up $1.30 during mid-day trading on Monday, reaching $38.10. The company's stock had a trading volume of 923,873 shares, compared to its average volume of 710,265. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 131.37 and a beta of 1.30. Kodiak Gas Services, Inc. has a twelve month low of $24.84 and a twelve month high of $50.43. The business has a 50 day moving average price of $43.72 and a 200-day moving average price of $37.63. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86.

Remove Ads

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 analysts' consensus estimates of $0.42 by ($0.15). The business had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. Sell-side analysts predict that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services's payout ratio is 277.97%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KGS. Barclays upped their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Raymond James reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Citigroup increased 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. Truist Financial lifted their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Finally, The Goldman Sachs Group increased their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.18.

Insider Buying and Selling

In other Kodiak Gas Services 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 transaction of $177,112,157.50. Following the completion of 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 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.

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.