American Century Companies Inc. Increases Holdings in Kodiak Gas Services, Inc. $KGS

American Century Companies Inc. grew its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 14.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,851,322 shares of the company’s stock after buying an additional 229,220 shares during the quarter. American Century Companies Inc.’s holdings in Kodiak Gas Services were worth $68,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Invesco Ltd. increased 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 acquiring an additional 1,824,407 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Kodiak Gas Services by 41.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,611,188 shares of the company’s stock valued at $170,476,000 after purchasing an additional 1,348,357 shares during the period. Goldman Sachs Group Inc. increased its position in shares of 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 purchasing an additional 730,180 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Kodiak Gas Services by 9.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,083,750 shares of the company’s stock valued at $37,143,000 after purchasing an additional 93,048 shares during the last quarter. Finally, Deprince Race & Zollo Inc. bought a new position in shares of Kodiak Gas Services in the 3rd quarter worth approximately $28,385,000. Institutional investors own 24.95% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KGS shares. Royal Bank Of Canada boosted their target price on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Zacks Research cut Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Citigroup boosted their price target on Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a report on Monday. Finally, Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.88.

Kodiak Gas Services Price Performance

NYSE:KGS opened at $58.18 on Thursday. The business’s 50-day simple moving average is $43.84 and its two-hundred day simple moving average is $38.20. Kodiak Gas Services, Inc. has a 52 week low of $29.25 and a 52 week high of $58.40. The stock has a market cap of $5.00 billion, a PE ratio of 66.87 and a beta of 1.11. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 2.12.

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

Kodiak Gas Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were issued a $0.49 dividend. 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 225.29%.

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