Northern Trust Corp Has $15.61 Million Stake in Kodiak Gas Services, Inc. (NYSE:KGS)

Northern Trust Corp lifted its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 72.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 382,238 shares of the company's stock after buying an additional 160,441 shares during the period. Northern Trust Corp owned approximately 0.44% of Kodiak Gas Services worth $15,607,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its position in Kodiak Gas Services by 32.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 17,900 shares of the company's stock worth $731,000 after purchasing an additional 4,376 shares during the period. Tudor Investment Corp ET AL boosted its position in Kodiak Gas Services by 589.4% in the 4th quarter. Tudor Investment Corp ET AL now owns 135,798 shares of the company's stock valued at $5,545,000 after buying an additional 116,099 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in Kodiak Gas Services in the 4th quarter valued at about $1,845,000. Kovitz Investment Group Partners LLC purchased a new position in Kodiak Gas Services in the 4th quarter valued at about $245,000. Finally, Voya Investment Management LLC purchased a new position in Kodiak Gas Services in the 4th quarter valued at about $300,000. 24.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KGS. Mizuho upped their price objective on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Barclays dropped their price objective 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. Raymond James reiterated an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Truist Financial increased their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada set a $45.00 price objective on shares of Kodiak Gas Services and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $41.45.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock traded down $0.13 on Friday, hitting $35.50. The company had a trading volume of 920,422 shares, compared to its average volume of 836,593. The business has a 50-day simple moving average of $35.22 and a 200-day simple moving average of $39.37. 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 company has a market cap of $3.15 billion, a PE ratio of 122.43 and a beta of 1.59. Kodiak Gas Services, Inc. has a 52 week low of $24.84 and a 52 week high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. The business had revenue of $329.64 million during the quarter, compared to analysts' expectations 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 revenue was up 52.9% on a year-over-year basis. During the same period last 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a $0.45 dividend. The ex-dividend date was Monday, May 5th. This is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a dividend yield of 5.07%. Kodiak Gas Services's dividend payout ratio (DPR) is 339.62%.

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.