Duff & Phelps Investment Management Co. Raises Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Duff & Phelps Investment Management Co. boosted its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 911.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 283,204 shares of the company’s stock after acquiring an additional 255,204 shares during the quarter. Duff & Phelps Investment Management Co. owned 0.32% of Kodiak Gas Services worth $11,563,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KGS. FMR LLC boosted its position in Kodiak Gas Services by 444.4% during the third quarter. FMR LLC now owns 4,889,804 shares of the company’s stock worth $141,804,000 after purchasing an additional 3,991,630 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Kodiak Gas Services during the 3rd quarter valued at approximately $44,558,000. Zimmer Partners LP grew its stake in 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 acquiring an additional 1,348,899 shares during the period. Vanguard Group Inc. increased its holdings in Kodiak Gas Services by 52.3% in the 4th quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company’s stock worth $108,568,000 after acquiring an additional 913,104 shares in the last quarter. Finally, Augustine Asset Management Inc. raised its position in Kodiak Gas Services by 1,761.2% during the fourth quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company’s stock worth $26,141,000 after acquiring an additional 605,844 shares during the period. 24.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the transaction, the insider now directly owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. The trade was a 9.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Kodiak Gas Services Stock Performance

NYSE:KGS opened at $37.49 on Friday. The stock has a market capitalization of $3.32 billion, a P/E ratio of 129.28 and a beta of 1.30. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. Kodiak Gas Services, Inc. has a fifty-two week low of $24.84 and a fifty-two week high of $50.43. The company has a 50 day moving average price of $42.75 and a 200 day moving average price of $38.19.

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

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 4.37%. Kodiak Gas Services’s dividend payout ratio is presently 277.97%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KGS shares. Barclays cut their target price on shares of Kodiak Gas Services from $44.00 to $41.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. 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 research note on Tuesday, March 11th. Mizuho raised their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Raymond James reiterated an “outperform” rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Finally, Citigroup raised their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Kodiak Gas Services currently has an average rating of “Moderate Buy” and a consensus target price of $41.91.

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.