Dimensional Fund Advisors LP Boosts Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Dimensional Fund Advisors LP grew its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 1,154.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 681,641 shares of the company's stock after acquiring an additional 627,320 shares during the quarter. Dimensional Fund Advisors LP owned about 0.78% of Kodiak Gas Services worth $27,832,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in KGS. GAMMA Investing LLC lifted its stake in shares of Kodiak Gas Services by 94.7% in the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company's stock worth $29,000 after purchasing an additional 342 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Kodiak Gas Services by 1,322.6% in the 4th quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock worth $31,000 after purchasing an additional 701 shares during the period. Amalgamated Bank lifted its stake in shares of Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company's stock worth $45,000 after purchasing an additional 588 shares during the period. Transcendent Capital Group LLC bought a new position in shares of Kodiak Gas Services in the 4th quarter worth approximately $49,000. Finally, Mendota Financial Group LLC bought a new position in shares of Kodiak Gas Services in the 4th quarter worth approximately $122,000. Hedge funds and other institutional investors own 24.95% of the company's stock.

Kodiak Gas Services Price Performance

Shares of KGS stock traded up $0.12 on Friday, reaching $35.56. The company's stock had a trading volume of 777,871 shares, compared to its average volume of 819,159. The stock's fifty day simple moving average is $35.16 and its 200-day simple moving average is $39.27. Kodiak Gas Services, Inc. has a 1 year low of $24.84 and a 1 year high of $50.43. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 122.62 and a beta of 1.59.

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

Kodiak Gas Services Increases Dividend

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

Analysts Set New Price Targets

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

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.