Kodiak Gas Services, Inc. (NYSE:KGS) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 26.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 939,459 shares of the company’s stock after buying an additional 196,273 shares during the period. American Century Companies Inc.’s holdings in Kodiak Gas Services were worth $38,358,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in Kodiak Gas Services during the 4th quarter valued at approximately $222,000. Quantbot Technologies LP increased its holdings in shares of Kodiak Gas Services by 8.2% in the fourth quarter. Quantbot Technologies LP now owns 58,822 shares of the company’s stock valued at $2,402,000 after purchasing an additional 4,482 shares during the period. Royce & Associates LP increased its holdings in shares of Kodiak Gas Services by 162.0% in the fourth quarter. Royce & Associates LP now owns 340,550 shares of the company’s stock valued at $13,905,000 after purchasing an additional 210,550 shares during the period. Aurora Investment Counsel purchased a new stake in shares of Kodiak Gas Services during the fourth quarter worth approximately $2,810,000. Finally, Swiss National Bank lifted its holdings in shares of Kodiak Gas Services by 16.4% during the fourth quarter. Swiss National Bank now owns 57,500 shares of the company’s stock worth $2,348,000 after purchasing an additional 8,100 shares during the period. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Insider Activity at Kodiak Gas Services

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of Kodiak Gas Services stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the sale, the insider now owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. This trade represents a 9.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KGS has been the subject of a number of analyst reports. Mizuho upped their price objective on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Barclays cut their price target on shares of Kodiak Gas Services from $44.00 to $41.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Citigroup lifted their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Raymond James reissued an “outperform” rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Finally, Truist Financial upped 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. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $41.91.

Kodiak Gas Services Stock Down 1.1 %

Kodiak Gas Services stock opened at $37.49 on Friday. Kodiak Gas Services, Inc. has a fifty-two week low of $24.84 and a fifty-two week high of $50.43. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 129.28 and a beta of 1.30. The stock’s fifty day moving average is $42.75 and its two-hundred day moving average is $38.19. 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 (NYSE:KGS) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). The business had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. 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 disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 4.37%. Kodiak Gas Services’s dividend payout ratio is currently 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.