Kodiak Gas Services, Inc. $KGS Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 17.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 362,834 shares of the company’s stock after acquiring an additional 53,155 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.41% of Kodiak Gas Services worth $13,534,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its holdings in Kodiak Gas Services by 40.0% in the first quarter. Amalgamated Bank now owns 1,554 shares of the company’s stock valued at $58,000 after acquiring an additional 444 shares during the last quarter. Rhumbline Advisers boosted its holdings in Kodiak Gas Services by 37.3% in the first quarter. Rhumbline Advisers now owns 60,450 shares of the company’s stock valued at $2,255,000 after acquiring an additional 16,408 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Kodiak Gas Services by 3,401.8% in the first quarter. GAMMA Investing LLC now owns 24,618 shares of the company’s stock valued at $918,000 after acquiring an additional 23,915 shares during the last quarter. KBC Group NV acquired a new position in Kodiak Gas Services in the first quarter valued at $116,000. Finally, Bank of New York Mellon Corp boosted its holdings in Kodiak Gas Services by 13.4% in the first quarter. Bank of New York Mellon Corp now owns 443,666 shares of the company’s stock valued at $16,549,000 after acquiring an additional 52,522 shares during the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Wall Street Analyst Weigh In

KGS has been the topic of a number of research analyst reports. Royal Bank Of Canada lifted their target price on Kodiak Gas Services from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Mizuho cut their price objective on Kodiak Gas Services from $46.00 to $45.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 20th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $43.00 price objective (up from $42.00) on shares of Kodiak Gas Services in a research report on Monday, June 23rd. Finally, Barclays raised their price objective on Kodiak Gas Services from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Thursday, August 14th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.10.

Kodiak Gas Services Stock Down 0.4%

Shares of NYSE KGS opened at $35.8040 on Friday. Kodiak Gas Services, Inc. has a 1 year low of $25.21 and a 1 year high of $50.43. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 39.78 and a beta of 1.33. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.78 and a current ratio of 1.10. The stock’s 50-day simple moving average is $33.27 and its 200-day simple moving average is $35.71.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Wednesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Kodiak Gas Services had a return on equity of 10.35% and a net margin of 6.48%.The business had revenue of $322.84 million for the quarter, compared to analyst estimates of $335.10 million. During the same period in the previous year, the company earned $0.06 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services announced that its Board of Directors has initiated a share buyback program on Monday, August 11th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 1.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 4th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, August 4th. Kodiak Gas Services’s payout ratio is presently 200.00%.

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.