American Century Companies Inc. Grows Stock Position in Kodiak Gas Services, Inc. (NYSE:KGS)

American Century Companies Inc. lifted its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 63.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 575,371 shares of the company’s stock after acquiring an additional 222,830 shares during the period. American Century Companies Inc.’s holdings in Kodiak Gas Services were worth $15,685,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of KGS. U.S. Capital Wealth Advisors LLC purchased a new stake in Kodiak Gas Services during the 2nd quarter worth approximately $913,000. Quantbot Technologies LP lifted its stake in shares of Kodiak Gas Services by 345.3% during the first quarter. Quantbot Technologies LP now owns 45,403 shares of the company’s stock worth $1,241,000 after buying an additional 35,208 shares during the period. Jennison Associates LLC purchased a new stake in shares of Kodiak Gas Services during the first quarter valued at $5,184,000. Public Employees Retirement System of Ohio acquired a new position in shares of Kodiak Gas Services in the 1st quarter valued at $1,046,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Kodiak Gas Services in the 1st quarter worth $11,544,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Analysts Set New Price Targets

KGS has been the topic of several research analyst reports. Royal Bank of Canada increased their price objective on Kodiak Gas Services from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Bank of America started coverage on shares of Kodiak Gas Services in a research report on Wednesday. They set a “buy” rating and a $30.00 price target for the company. Stifel Nicolaus upped their price objective on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Truist Financial boosted their target price on shares of Kodiak Gas Services from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Finally, Redburn Atlantic started coverage on Kodiak Gas Services in a research report on Thursday. They set a “buy” rating and a $35.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $31.78.

Kodiak Gas Services Stock Up 0.2 %

KGS stock opened at $29.59 on Friday. Kodiak Gas Services, Inc. has a one year low of $16.72 and a one year high of $29.91. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.70 and a current ratio of 1.05. The firm’s fifty day moving average is $27.38 and its 200 day moving average is $27.12. The firm has a market cap of $2.49 billion, a PE ratio of 33.62 and a beta of 0.90.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Monday, August 12th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The business had revenue of $309.65 million for the quarter, compared to analyst estimates of $313.88 million. Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. On average, research analysts forecast that Kodiak Gas Services, Inc. will post 1.15 EPS for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 5.54%. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, August 12th. Kodiak Gas Services’s dividend payout ratio is presently 186.36%.

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.