Wellington Management Group LLP Has $42.57 Million Stake in Kodiak Gas Services, Inc. (NYSE:KGS)

Wellington Management Group LLP reduced its stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 32.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,042,668 shares of the company's stock after selling 493,826 shares during the period. Wellington Management Group LLP owned approximately 1.18% of Kodiak Gas Services worth $42,572,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. California State Teachers Retirement System grew its stake in shares of Kodiak Gas Services by 16.9% in the 4th quarter. California State Teachers Retirement System now owns 27,527 shares of the company's stock valued at $1,124,000 after purchasing an additional 3,985 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of Kodiak Gas Services in the fourth quarter valued at about $5,657,000. HWG Holdings LP lifted its position in Kodiak Gas Services by 6.3% during the 4th quarter. HWG Holdings LP now owns 86,066 shares of the company's stock worth $3,514,000 after buying an additional 5,134 shares in the last quarter. United Advisor Group LLC grew its holdings in Kodiak Gas Services by 4.4% during the 4th quarter. United Advisor Group LLC now owns 12,281 shares of the company's stock worth $501,000 after acquiring an additional 519 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in Kodiak Gas Services by 57.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 56,963 shares of the company's stock valued at $2,326,000 after acquiring an additional 20,899 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on KGS. Barclays decreased their price target 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. Royal Bank of Canada set a $45.00 price objective on Kodiak Gas Services and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Raymond James restated an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Mizuho decreased 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. Finally, Truist Financial boosted their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Two 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.55.

Kodiak Gas Services Trading Up 2.3%

Shares of Kodiak Gas Services stock traded up $0.81 during trading on Tuesday, hitting $36.76. 229,836 shares of the company were exchanged, compared to its average volume of 855,248. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a market capitalization of $3.26 billion, a P/E ratio of 126.76 and a beta of 1.59. The firm's fifty day moving average price is $34.61 and its 200 day moving average price is $39.47. Kodiak Gas Services, Inc. has a 1-year low of $24.84 and a 1-year high of $50.43.

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

Kodiak Gas Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend was Monday, May 5th. This is an increase from Kodiak Gas Services's previous quarterly dividend of $0.41. Kodiak Gas Services's dividend payout ratio (DPR) is presently 339.62%.

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.