Wellington Management Group LLP Sells 493,826 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Wellington Management Group LLP decreased its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 32.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,042,668 shares of the company's stock after selling 493,826 shares during the period. Wellington Management Group LLP owned about 1.19% of Kodiak Gas Services worth $42,572,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Tidal Investments LLC bought a new stake in shares of Kodiak Gas Services in the 3rd quarter valued at approximately $598,000. Barclays PLC grew its stake in shares of Kodiak Gas Services by 209.3% in the 3rd quarter. Barclays PLC now owns 42,350 shares of the company's stock valued at $1,228,000 after buying an additional 28,658 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Kodiak Gas Services by 155.8% in the 4th quarter. Victory Capital Management Inc. now owns 262,329 shares of the company's stock valued at $10,711,000 after buying an additional 159,772 shares in the last quarter. State Street Corp grew its stake in shares of Kodiak Gas Services by 8.7% in the 3rd 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 in the last quarter. Finally, Geode Capital Management LLC boosted its position in 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 period. Institutional investors and hedge funds own 24.95% of the company's stock.

Insider Activity at Kodiak Gas Services

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 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Kodiak Gas Services Stock Down 4.1 %

Shares of NYSE KGS traded down $1.37 during mid-day trading on Thursday, reaching $32.20. 179,236 shares of the company's stock were exchanged, compared to its average volume of 767,227. The business has a fifty day simple moving average of $39.72 and a 200 day simple moving average of $38.70. Kodiak Gas Services, Inc. has a twelve month low of $24.84 and a twelve month high of $50.43. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 111.49 and a beta of 1.52. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its quarterly 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 company had revenue of $309.52 million for the quarter, compared to analyst estimates of $323.82 million. As a group, equities analysts expect that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors 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 yield of 5.09%. Kodiak Gas Services's dividend payout ratio (DPR) is presently 277.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Citigroup upped 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. Barclays decreased their target price 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. Mizuho increased their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Royal Bank of Canada set a $45.00 price objective on Kodiak Gas Services and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Finally, Raymond James reissued an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Kodiak Gas Services presently has an average rating of "Moderate Buy" and a consensus 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.