American Century Companies Inc. Has $48.57 Million Stock Holdings in Kodiak Gas Services, Inc. $KGS

Key Points

• American Century Companies Inc. increased its stake in Kodiak Gas Services, Inc. by 38.6%, acquiring an additional 362,621 shares during the first quarter, bringing its total ownership to 1,302,080 shares worth approximately $48.6 million.
• Equities research analysts are bullish on Kodiak Gas Services, with a consensus rating of "Moderate Buy" and an average target price of $41.10, reflecting several recent price increases by major firms.
• Kodiak Gas Services recently declared a quarterly dividend of $0.45 per share, resulting in an annualized yield of 5.0%, while also announcing a $50 million stock repurchase program.

American Century Companies Inc. increased its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 38.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,302,080 shares of the company's stock after buying an additional 362,621 shares during the period. American Century Companies Inc. owned 1.47% of Kodiak Gas Services worth $48,568,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KGS. Comerica Bank boosted its stake in Kodiak Gas Services by 710.1% during the 4th quarter. Comerica Bank now owns 721 shares of the company's stock worth $29,000 after acquiring an additional 632 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Kodiak Gas Services by 1,322.6% during the 4th quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock worth $31,000 after acquiring an additional 701 shares in the last quarter. State of Wyoming acquired a new stake in shares of Kodiak Gas Services in the fourth quarter valued at about $57,000. Amalgamated Bank increased its position in shares of Kodiak Gas Services by 40.0% during the 1st quarter. Amalgamated Bank now owns 1,554 shares of the company's stock worth $58,000 after purchasing an additional 444 shares during the last quarter. Finally, Covestor Ltd raised its position in Kodiak Gas Services by 33,700.0% during the first quarter. Covestor Ltd now owns 1,690 shares of the company's stock worth $63,000 after acquiring an additional 1,685 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KGS shares. JPMorgan Chase & Co. reaffirmed a "buy" rating and set a $43.00 price target (up previously from $42.00) on shares of Kodiak Gas Services in a report on Monday, June 23rd. Mizuho dropped their price objective on shares of Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating for the company in a research note on Tuesday, May 20th. Barclays boosted their price objective on shares of Kodiak Gas Services from $36.00 to $37.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. Finally, Royal Bank Of Canada raised their target price on shares of Kodiak Gas Services from $42.00 to $43.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.10.

Kodiak Gas Services Price Performance

NYSE:KGS traded down $1.4610 during mid-day trading on Monday, reaching $34.3390. The stock had a trading volume of 1,041,617 shares, compared to its average volume of 2,177,005. Kodiak Gas Services, Inc. has a 12 month low of $25.21 and a 12 month high of $50.43. The stock has a market capitalization of $3.01 billion, a PE ratio of 38.15 and a beta of 1.33. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.10 and a quick ratio of 0.78. The stock has a 50-day simple moving average of $33.28 and a two-hundred day simple moving average of $35.56.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.03. Kodiak Gas Services had a return on equity of 10.35% and a net margin of 6.48%.The firm had revenue of $322.84 million during the quarter, compared to analysts' expectations of $335.10 million. During the same period in the prior year, the company earned $0.06 earnings per share. The company's quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 4th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.80 annualized dividend and a yield of 5.2%. Kodiak Gas Services's dividend payout ratio (DPR) is 200.00%.

Kodiak Gas Services declared that its Board of Directors has approved a stock buyback program on Monday, August 11th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

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.