Kodiak Gas Services, Inc. (NYSE:KGS) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 44.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 380,120 shares of the company's stock after buying an additional 117,791 shares during the period. Victory Capital Management Inc. owned 0.43% of Kodiak Gas Services worth $14,178,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Amalgamated Bank lifted its stake in Kodiak Gas Services by 40.0% during the first quarter. Amalgamated Bank now owns 1,554 shares of the company's stock worth $58,000 after purchasing an additional 444 shares in the last quarter. Rhumbline Advisers increased its holdings in Kodiak Gas Services by 37.3% in the first quarter. Rhumbline Advisers now owns 60,450 shares of the company's stock valued at $2,255,000 after buying an additional 16,408 shares during the last quarter. GAMMA Investing LLC increased its holdings in Kodiak Gas Services by 3,401.8% in the first quarter. GAMMA Investing LLC now owns 24,618 shares of the company's stock valued at $918,000 after buying an additional 23,915 shares during the last quarter. KBC Group NV purchased a new position in Kodiak Gas Services in the first quarter valued at $116,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Kodiak Gas Services during the first quarter worth about $19,784,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Price Performance

NYSE:KGS traded down $0.53 during midday trading on Friday, hitting $31.28. 830,724 shares of the stock were exchanged, compared to its average volume of 1,195,132. Kodiak Gas Services, Inc. has a one year low of $24.83 and a one year high of $50.43. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 59.01 and a beta of 1.35. The business has a 50-day moving average price of $33.91 and a two-hundred day moving average price of $37.53. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 1.91.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. Kodiak Gas Services had a return on equity of 8.49% and a net margin of 3.93%. The firm had revenue of $329.64 million for the quarter, compared to analysts' expectations of $328.45 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. The firm's quarterly revenue was up 52.9% compared to the same quarter last year. Sell-side analysts predict that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Monday, August 4th will be given a $0.45 dividend. The ex-dividend date is Monday, August 4th. This represents a $1.80 annualized dividend and a yield of 5.76%. Kodiak Gas Services's dividend payout ratio (DPR) is 339.62%.

Analyst Ratings Changes

A number of research firms recently issued reports on KGS. Mizuho lowered their price target on Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating on the stock in a report on Tuesday, May 20th. JPMorgan Chase & Co. reiterated a "buy" rating and set a $43.00 price target (up from $42.00) on shares of Kodiak Gas Services in a research report on Monday, June 23rd. Finally, Barclays cut their price objective on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $40.64.

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.