Swiss National Bank Has $2.35 Million Stock Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Swiss National Bank increased its stake in Kodiak Gas Services, Inc. (NYSE:KGS) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,500 shares of the company’s stock after acquiring an additional 8,100 shares during the quarter. Swiss National Bank owned about 0.07% of Kodiak Gas Services worth $2,348,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its position 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 worth $141,804,000 after purchasing an additional 3,991,630 shares during the period. Wellington Management Group LLP acquired a new position in Kodiak Gas Services in the third quarter valued at $44,558,000. Zimmer Partners LP boosted its position in Kodiak Gas Services by 313.0% during the third 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 last quarter. Augustine Asset Management Inc. boosted 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 valued at $26,141,000 after acquiring an additional 605,844 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in Kodiak Gas Services during the 3rd quarter worth about $9,741,000. 24.95% of the stock is currently owned by institutional investors.

Kodiak Gas Services Trading Down 1.1 %

KGS opened at $37.49 on Friday. Kodiak Gas Services, Inc. has a fifty-two week low of $24.84 and a fifty-two week high of $50.43. The firm has a market capitalization of $3.32 billion, a PE ratio of 129.28 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. The company’s 50-day moving average is $42.75 and its 200 day moving average is $38.19.

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%. As a group, research analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services’s dividend payout ratio is 277.97%.

Analyst Ratings Changes

KGS has been the topic of several research analyst reports. Barclays cut their target price on Kodiak Gas Services from $44.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Citigroup increased their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Raymond James reiterated an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Truist Financial increased their target price on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Finally, Mizuho lifted their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Two investment 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 a consensus rating of “Moderate Buy” and an average target price of $41.91.

Insiders Place Their Bets

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of Kodiak Gas Services stock in a transaction that occurred on 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 transaction, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

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.