American Century Companies Inc. Boosts Stake in Kodiak Gas Services, Inc. $KGS

American Century Companies Inc. increased its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 14.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,851,322 shares of the company’s stock after purchasing an additional 229,220 shares during the quarter. American Century Companies Inc. owned approximately 2.14% of Kodiak Gas Services worth $68,443,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Invesco Ltd. lifted its position in Kodiak Gas Services by 59.9% during the second quarter. Invesco Ltd. now owns 4,869,346 shares of the company’s stock valued at $166,872,000 after buying an additional 1,824,407 shares during the period. Vanguard Group Inc. grew its position in shares of Kodiak Gas Services by 41.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,611,188 shares of the company’s stock worth $170,476,000 after buying an additional 1,348,357 shares during the period. Deprince Race & Zollo Inc. bought a new position in shares of Kodiak Gas Services in the 3rd quarter worth about $28,385,000. Goldman Sachs Group Inc. lifted its position in Kodiak Gas Services by 58.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock valued at $73,979,000 after acquiring an additional 730,180 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Kodiak Gas Services by 2,201.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 617,151 shares of the company’s stock valued at $21,150,000 after acquiring an additional 590,337 shares during the period. 24.95% of the stock is currently owned by institutional investors.

Kodiak Gas Services Trading Up 0.9%

Shares of NYSE:KGS opened at $58.18 on Thursday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57. Kodiak Gas Services, Inc. has a 1 year low of $29.25 and a 1 year high of $58.40. The company has a market cap of $5.00 billion, a P/E ratio of 66.87 and a beta of 1.11. The stock’s fifty day moving average price is $43.84 and its 200-day moving average price is $38.20.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). The business had revenue of $332.87 million during the quarter, compared to the consensus estimate of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.Kodiak Gas Services’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share. Sell-side analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, February 13th. Kodiak Gas Services’s payout ratio is presently 225.29%.

Analysts Set New Price Targets

A number of brokerages have weighed in on KGS. Stifel Nicolaus set a $48.00 price objective on shares of Kodiak Gas Services in a report on Thursday, November 6th. Zacks Research downgraded Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. The Goldman Sachs Group raised their price objective on Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a research report on Monday. Barclays boosted their target price on Kodiak Gas Services from $42.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Mizuho increased their target price on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Kodiak Gas Services has an average rating of “Moderate Buy” and an average price target of $49.88.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.