American Century Companies Inc. Has $55.59 Million Stock Position in Kodiak Gas Services, Inc. $KGS

American Century Companies Inc. grew its holdings in Kodiak Gas Services, Inc. (NYSE:KGS) by 24.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,622,102 shares of the company’s stock after purchasing an additional 320,022 shares during the period. American Century Companies Inc. owned about 1.85% of Kodiak Gas Services worth $55,589,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KGS. Dynamic Technology Lab Private Ltd grew its position in Kodiak Gas Services by 4.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 8,180 shares of the company’s stock valued at $280,000 after purchasing an additional 360 shares in the last quarter. CWM LLC boosted its stake in shares of Kodiak Gas Services by 4.3% during the 2nd quarter. CWM LLC now owns 14,804 shares of the company’s stock worth $507,000 after buying an additional 608 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Kodiak Gas Services by 1,850.0% in the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after acquiring an additional 703 shares in the last quarter. Quarry LP acquired a new stake in shares of Kodiak Gas Services in the first quarter valued at about $30,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Kodiak Gas Services in the first quarter valued at about $37,000. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Trading Down 0.3%

KGS stock opened at $34.90 on Friday. Kodiak Gas Services, Inc. has a 52 week low of $29.25 and a 52 week high of $50.43. The company has a market capitalization of $3.03 billion, a PE ratio of 43.62 and a beta of 1.31. The company’s 50-day simple moving average is $34.92 and its 200 day simple moving average is $34.36. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.14). Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.The business had revenue of $322.74 million during the quarter, compared to analyst estimates of $328.23 million. During the same quarter last year, the firm earned ($0.07) EPS. Kodiak Gas Services’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services declared that its board has approved a share buyback program on Monday, August 11th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Kodiak Gas Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 5.6%. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, November 3rd. Kodiak Gas Services’s dividend payout ratio is presently 245.00%.

Analyst Ratings Changes

KGS has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday. Barclays reduced their price target on Kodiak Gas Services from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Zacks Research lowered Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Royal Bank Of Canada lifted their target price on Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Finally, Mizuho boosted their target price on Kodiak Gas Services from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $44.71.

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.