Invesco Ltd. Purchases 32,966 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Invesco Ltd. increased its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,942,782 shares of the company’s stock after buying an additional 32,966 shares during the quarter. Invesco Ltd.’s holdings in Kodiak Gas Services were worth $120,154,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of KGS. Tidal Investments LLC bought a new stake in shares of Kodiak Gas Services in the 3rd quarter worth approximately $598,000. Barclays PLC raised its position in Kodiak Gas Services by 209.3% in the 3rd quarter. Barclays PLC now owns 42,350 shares of the company’s stock worth $1,228,000 after purchasing an additional 28,658 shares during the period. Victory Capital Management Inc. lifted its stake in Kodiak Gas Services by 155.8% in the fourth quarter. Victory Capital Management Inc. now owns 262,329 shares of the company’s stock worth $10,711,000 after purchasing an additional 159,772 shares during the last quarter. State Street Corp boosted its position in Kodiak Gas Services by 8.7% during the third quarter. State Street Corp now owns 678,925 shares of the company’s stock valued at $19,689,000 after buying an additional 54,202 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Kodiak Gas Services by 16.8% during the third quarter. Geode Capital Management LLC now owns 547,815 shares of the company’s stock valued at $15,890,000 after buying an additional 78,811 shares during the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Insider Activity at Kodiak Gas Services

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of Kodiak Gas Services stock in a transaction dated Thursday, January 30th. The shares were 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. This trade represents a 9.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KGS. Mizuho boosted their target price 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. Royal Bank of Canada set a $45.00 price objective on Kodiak Gas Services and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Barclays cut their target price on shares of Kodiak Gas Services from $44.00 to $41.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. Raymond James reiterated an “outperform” rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Finally, Citigroup raised their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.91.

Kodiak Gas Services Stock Up 0.8 %

Shares of NYSE KGS opened at $32.46 on Friday. The firm has a fifty day simple moving average of $39.12 and a two-hundred day simple moving average of $38.74. The firm has a market capitalization of $2.88 billion, a PE ratio of 111.95 and a beta of 1.52. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. Kodiak Gas Services, Inc. has a 12 month low of $24.84 and a 12 month high of $50.43.

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

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were given a dividend of $0.41 per share. The ex-dividend date was Friday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 5.05%. Kodiak Gas Services’s dividend payout ratio is presently 277.97%.

About Kodiak Gas Services

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.