Royce & Associates LP Purchases 210,550 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Royce & Associates LP raised its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 162.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 340,550 shares of the company’s stock after buying an additional 210,550 shares during the quarter. Royce & Associates LP’s holdings in Kodiak Gas Services were worth $13,905,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Kodiak Gas Services by 444.4% in the 3rd quarter. FMR LLC now owns 4,889,804 shares of the company’s stock valued at $141,804,000 after purchasing an additional 3,991,630 shares during the period. Wellington Management Group LLP acquired a new position in shares of Kodiak Gas Services in the 3rd quarter valued at $44,558,000. Zimmer Partners LP lifted its stake in shares of Kodiak Gas Services by 313.0% in the 3rd quarter. Zimmer Partners LP now owns 1,779,851 shares of the company’s stock valued at $51,616,000 after purchasing an additional 1,348,899 shares during the period. Augustine Asset Management Inc. lifted its stake 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 during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Kodiak Gas Services in the 3rd quarter valued at $9,741,000. 24.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on KGS shares. Mizuho increased their price target on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. The Goldman Sachs Group increased their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Raymond James reaffirmed an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Barclays raised their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. raised their price objective on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, November 29th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.18.

Kodiak Gas Services Stock Performance

KGS opened at $38.10 on Tuesday. The business’s 50-day moving average price is $43.61 and its two-hundred day moving average price is $37.71. Kodiak Gas Services, Inc. has a 1 year low of $24.84 and a 1 year high of $50.43. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 131.37 and a beta of 1.30. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.15). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The firm had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. Equities analysts expect that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 4.30%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services’s dividend payout ratio is 277.97%.

Insider Activity

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the transaction, the insider now owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

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.