Kodiak Gas Services, Inc. (NYSE:KGS) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 17.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,410 shares of the company’s stock after acquiring an additional 29,611 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.23% of Kodiak Gas Services worth $5,754,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. HITE Hedge Asset Management LLC lifted its position in Kodiak Gas Services by 74.8% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 780,600 shares of the company’s stock worth $21,279,000 after acquiring an additional 334,086 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Kodiak Gas Services by 63.2% in the second quarter. American Century Companies Inc. now owns 575,371 shares of the company’s stock valued at $15,685,000 after purchasing an additional 222,830 shares during the period. Bank of New York Mellon Corp grew its holdings in Kodiak Gas Services by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 542,281 shares of the company’s stock valued at $14,783,000 after purchasing an additional 7,640 shares in the last quarter. Pier Capital LLC purchased a new stake in Kodiak Gas Services during the 2nd quarter worth $4,558,000. Finally, Seven Grand Managers LLC lifted its holdings in Kodiak Gas Services by 300.0% in the 3rd quarter. Seven Grand Managers LLC now owns 140,000 shares of the company’s stock worth $4,060,000 after buying an additional 105,000 shares in the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total transaction of $121,350.00. Following the sale, the insider now directly owns 31,745 shares of the company’s stock, valued at $1,284,085.25. The trade was a 8.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Kodiak Gas Services Price Performance

NYSE:KGS opened at $41.52 on Friday. Kodiak Gas Services, Inc. has a 52-week low of $17.80 and a 52-week high of $44.20. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The firm has a market cap of $3.64 billion, a P/E ratio of 143.17 and a beta of 1.14. The business’s 50-day moving average price is $35.59 and its 200 day moving average price is $30.18.

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend was Friday, November 1st. Kodiak Gas Services’s payout ratio is 565.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Truist Financial lifted their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Redburn Atlantic assumed coverage on shares of Kodiak Gas Services in a research note on Thursday, September 19th. They issued a “buy” rating and a $35.00 price target for the company. Barclays increased their price objective on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. boosted their target price on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, November 29th. Finally, Royal Bank of Canada upped their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.09.

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.