Nuveen Asset Management LLC Raises Stock Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Nuveen Asset Management LLC increased its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 163.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,441 shares of the company's stock after acquiring an additional 61,069 shares during the quarter. Nuveen Asset Management LLC owned about 0.11% of Kodiak Gas Services worth $4,019,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Kodiak Gas Services by 1.6% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company's stock valued at $1,323,000 after purchasing an additional 500 shares during the period. Entropy Technologies LP purchased a new position in Kodiak Gas Services during the 4th quarter worth $998,000. Kestra Private Wealth Services LLC raised its position in Kodiak Gas Services by 57.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 18,634 shares of the company's stock worth $761,000 after buying an additional 6,818 shares during the last quarter. Augustine Asset Management Inc. increased its holdings in shares of Kodiak Gas Services by 1,761.2% in the 4th quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company's stock valued at $26,141,000 after purchasing an additional 605,844 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Kodiak Gas Services by 53.2% in the 4th quarter. Rhumbline Advisers now owns 44,042 shares of the company's stock valued at $1,798,000 after acquiring an additional 15,285 shares during the last quarter. Institutional investors and hedge funds own 24.95% of the company's stock.

Kodiak Gas Services Trading Down 1.6%

NYSE:KGS traded down $0.58 during trading hours on Wednesday, reaching $36.05. The company's stock had a trading volume of 724,761 shares, compared to its average volume of 861,499. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 124.31 and a beta of 1.59. Kodiak Gas Services, Inc. has a 1 year low of $24.84 and a 1 year high of $50.43. 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 50-day simple moving average of $34.56 and a 200-day simple moving average of $39.43.

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

Kodiak Gas Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, May 5th. This is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.99%. Kodiak Gas Services's dividend payout ratio is 339.62%.

Wall Street Analysts Forecast Growth

KGS has been the subject of several research reports. Raymond James reissued an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Barclays decreased their target price 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. Truist Financial boosted 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. Mizuho cut their target price on Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 20th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $40.55.

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.