Kodiak Gas Services, Inc. (NYSE:KGS) Stake Lifted by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 504.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 967,799 shares of the company's stock after buying an additional 807,799 shares during the period. Vanguard Group Inc. owned about 1.25% of Kodiak Gas Services worth $17,304,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Amalgamated Bank purchased a new position in Kodiak Gas Services in the third quarter worth $32,000. Deutsche Bank AG purchased a new stake in Kodiak Gas Services in the third quarter valued at about $38,000. Barclays PLC acquired a new stake in Kodiak Gas Services in the third quarter worth about $53,000. Strs Ohio purchased a new stake in shares of Kodiak Gas Services during the third quarter worth about $57,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Kodiak Gas Services during the third quarter valued at about $59,000. Hedge funds and other institutional investors own 24.95% of the company's stock.

Kodiak Gas Services Stock Performance

Shares of NYSE KGS traded down $0.30 during midday trading on Monday, hitting $26.63. The stock had a trading volume of 322,146 shares, compared to its average volume of 470,137. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 1.10. The stock has a 50 day simple moving average of $25.97 and a 200-day simple moving average of $21.54. Kodiak Gas Services, Inc. has a 1 year low of $15.05 and a 1 year high of $29.00.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $225.98 million for the quarter, compared to the consensus estimate of $224.45 million. On average, equities research analysts predict that Kodiak Gas Services, Inc. will post 1.82 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 16th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.52 annualized dividend and a dividend yield of 5.71%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Truist Financial dropped their target price on shares of Kodiak Gas Services from $25.00 to $23.00 and set a "buy" rating on the stock in a research report on Wednesday, December 20th. Raymond James upped their target price on Kodiak Gas Services from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. lifted their price target on Kodiak Gas Services from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, March 21st. Finally, The Goldman Sachs Group increased their price objective on Kodiak Gas Services from $27.00 to $31.00 and gave the company a "buy" rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $25.14.

Insider Activity

In other news, Director Margaret C. Montana purchased 2,000 shares of Kodiak Gas Services stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average price of $25.25 per share, with a total value of $50,500.00. Following the transaction, the director now owns 16,375 shares in the company, valued at $413,468.75. The purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.18% of the company's stock.

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.