Teachers Retirement System of The State of Kentucky boosted its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 51.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,749 shares of the company's stock after purchasing an additional 18,000 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.06% of Kodiak Gas Services worth $1,973,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Invesco Ltd. increased its stake in shares of Kodiak Gas Services by 29.5% during the 3rd quarter. Invesco Ltd. now owns 6,305,789 shares of the company's stock valued at $233,125,000 after acquiring an additional 1,436,443 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Kodiak Gas Services by 33.8% during the 4th quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company's stock valued at $230,771,000 after acquiring an additional 1,559,172 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kodiak Gas Services by 19.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,593,033 shares of the company's stock valued at $95,868,000 after acquiring an additional 418,227 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Kodiak Gas Services by 58.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company's stock valued at $73,979,000 after acquiring an additional 730,180 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Kodiak Gas Services by 14.1% during the 3rd quarter. American Century Companies Inc. now owns 1,851,322 shares of the company's stock valued at $68,443,000 after acquiring an additional 229,220 shares during the last quarter. 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, CAO Ewan William Hamilton sold 5,797 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $56.18, for a total value of $325,675.46. Following the sale, the chief accounting officer directly owned 34,346 shares of the company's stock, valued at $1,929,558.28. This trade represents a 14.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alexander Newsom Darden purchased 5,000 shares of the stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $54.75 per share, for a total transaction of $273,750.00. Following the completion of the acquisition, the director directly owned 5,000 shares of the company's stock, valued at approximately $273,750. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 11,433 shares of company stock worth $624,360 and sold 58,673 shares worth $3,269,110. Corporate insiders own 0.64% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently commented on KGS. Citigroup upped their price objective on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Wall Street Zen raised shares of Kodiak Gas Services from a "sell" rating to a "hold" rating in a research note on Saturday, February 21st. Mizuho upped their price objective on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the company an "outperform" rating in a research note on Tuesday, January 20th. Royal Bank Of Canada upped their price objective on shares of Kodiak Gas Services from $45.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, March 19th. Finally, Barclays upped their price objective on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 5th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $55.86.
Read Our Latest Stock Report on KGS
Kodiak Gas Services Stock Up 1.0%
Shares of NYSE:KGS opened at $66.76 on Wednesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.57 and a current ratio of 0.84. Kodiak Gas Services, Inc. has a 1 year low of $30.06 and a 1 year high of $67.32. The stock has a market capitalization of $5.73 billion, a P/E ratio of 76.74, a PEG ratio of 0.93 and a beta of 0.96. The stock has a 50-day simple moving average of $58.10 and a 200-day simple moving average of $44.93.
Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.13). The firm had revenue of $332.87 million for the quarter, compared to analysts' expectations of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. Equities analysts forecast that Kodiak Gas Services, Inc. will post 2.34 earnings per share for the current year.
Kodiak Gas Services Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services's dividend payout ratio is 225.29%.
Kodiak Gas Services Profile
(
Free Report)
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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.
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