Russell Investments Group Ltd. Has $9.09 Million Stock Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Russell Investments Group Ltd. lifted its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 48.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 452,710 shares of the company's stock after acquiring an additional 147,455 shares during the period. Russell Investments Group Ltd. owned 0.58% of Kodiak Gas Services worth $9,090,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of KGS. Bank of New York Mellon Corp bought a new position in shares of Kodiak Gas Services during the third quarter worth about $781,000. Strs Ohio acquired a new stake in Kodiak Gas Services in the third quarter worth about $57,000. Jump Financial LLC acquired a new stake in Kodiak Gas Services in the third quarter worth about $1,252,000. Barclays PLC acquired a new stake in Kodiak Gas Services in the third quarter worth about $53,000. Finally, New York State Common Retirement Fund acquired a new stake in Kodiak Gas Services in the third quarter worth about $59,000. Institutional investors own 24.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KGS shares. The Goldman Sachs Group upped their price objective on shares of Kodiak Gas Services from $27.00 to $31.00 and gave the stock a "buy" rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. upped their price target on shares of Kodiak Gas Services from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, March 21st. Finally, Raymond James upped their price target on shares of Kodiak Gas Services from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.14.

Insider Buying and Selling at Kodiak Gas Services

In other news, Director Margaret C. Montana acquired 2,000 shares of Kodiak Gas Services stock in a transaction on Tuesday, March 12th. The stock was bought at an average cost of $25.25 per share, with a total value of $50,500.00. Following the completion of the purchase, the director now owns 16,375 shares of the company's stock, valued at $413,468.75. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company's stock.

Kodiak Gas Services Stock Performance

KGS stock traded up $0.50 during mid-day trading on Tuesday, reaching $27.96. 554,360 shares of the stock traded hands, compared to its average volume of 442,337. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.73. Kodiak Gas Services, Inc. has a 52-week low of $15.05 and a 52-week high of $29.00. The stock's fifty day moving average is $26.81 and its 200-day moving average is $22.55.

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

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date is Friday, May 10th.

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.