Dimensional Fund Advisors LP Acquires 627,320 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Dimensional Fund Advisors LP lifted its stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 1,154.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 681,641 shares of the company's stock after buying an additional 627,320 shares during the period. Dimensional Fund Advisors LP owned about 0.78% of Kodiak Gas Services worth $27,832,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Kodiak Gas Services by 94.7% in the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company's stock valued at $29,000 after purchasing an additional 342 shares in the last quarter. Sterling Capital Management LLC increased its stake in Kodiak Gas Services by 1,322.6% in the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock valued at $31,000 after acquiring an additional 701 shares during the period. Amalgamated Bank raised its position in Kodiak Gas Services by 112.6% in the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company's stock worth $45,000 after purchasing an additional 588 shares in the last quarter. Transcendent Capital Group LLC bought a new position in Kodiak Gas Services during the fourth quarter worth about $49,000. Finally, Mendota Financial Group LLC acquired a new stake in Kodiak Gas Services during the fourth quarter valued at approximately $122,000. 24.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KGS shares. Royal Bank of Canada set a $45.00 target price on Kodiak Gas Services and gave the stock an "outperform" rating in a research report on Tuesday, March 11th. Raymond James restated an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Citigroup raised their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Barclays reduced their target price on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Truist Financial lifted their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $41.45.

Kodiak Gas Services Trading Up 0.3 %

KGS traded up $0.12 during trading on Friday, reaching $35.56. 777,871 shares of the company's stock were exchanged, compared to its average volume of 817,302. The company's fifty day moving average price is $35.16 and its 200-day moving average price is $39.15. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The firm has a market capitalization of $3.15 billion, a PE ratio of 122.62 and a beta of 1.59. Kodiak Gas Services, Inc. has a fifty-two week low of $24.84 and a fifty-two week high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The firm had revenue of $329.64 million for the quarter, compared to analyst estimates of $328.45 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The company's quarterly revenue was up 52.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. As a group, equities analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.06%. This is an increase from Kodiak Gas Services's previous quarterly dividend of $0.41. The ex-dividend date is Monday, May 5th. Kodiak Gas Services's dividend payout ratio is currently 339.62%.

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.