Charles Schwab Investment Management Inc. Has $33.71 Million Stock Holdings in Kodiak Gas Services, Inc. $KGS

Charles Schwab Investment Management Inc. grew its holdings in Kodiak Gas Services, Inc. (NYSE:KGS) by 29.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 901,406 shares of the company’s stock after purchasing an additional 203,809 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Kodiak Gas Services were worth $33,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Invesco Ltd. lifted its stake in shares of Kodiak Gas Services by 29.5% in the 3rd quarter. Invesco Ltd. now owns 6,305,789 shares of the company’s stock valued at $233,125,000 after purchasing an additional 1,436,443 shares during the period. Vanguard Group Inc. lifted its stake in shares of Kodiak Gas Services by 33.8% in the 4th quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock valued at $230,771,000 after purchasing an additional 1,559,172 shares during the period. State Street Corp lifted its stake in shares of Kodiak Gas Services by 31.8% in the 4th quarter. State Street Corp now owns 3,340,008 shares of the company’s stock valued at $124,916,000 after purchasing an additional 806,191 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Kodiak Gas Services by 14.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,969,557 shares of the company’s stock valued at $111,061,000 after purchasing an additional 376,524 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Kodiak Gas Services by 58.3% in 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 period. 24.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kodiak Gas Services

In other news, Director Alexander Newsom Darden bought 5,000 shares of the stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $54.75 per share, with a total value of $273,750.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at $273,750. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Pedro R. Buhigas sold 13,942 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $55.73, for a total value of $776,987.66. Following the completion of the sale, the insider directly owned 42,723 shares of the company’s stock, valued at approximately $2,380,952.79. This trade represents a 24.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders acquired 11,433 shares of company stock valued at $624,360 and sold 58,673 shares valued at $3,269,110. Company insiders own 0.64% of the company’s stock.

Kodiak Gas Services Price Performance

Shares of NYSE:KGS opened at $73.55 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.28 and a debt-to-equity ratio of 2.38. Kodiak Gas Services, Inc. has a twelve month low of $30.06 and a twelve month high of $76.68. The stock’s 50 day moving average is $62.18 and its 200-day moving average is $47.71. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 99.39, a PEG ratio of 0.98 and a beta of 1.01.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Monday, May 11th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The company had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. During the same period in the prior year, the firm earned $0.33 earnings per share. Kodiak Gas Services’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts forecast that Kodiak Gas Services, Inc. will post 2.35 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, May 18th. Kodiak Gas Services’s dividend payout ratio is presently 264.86%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. The Goldman Sachs Group boosted their price objective on Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a research note on Friday. Zacks Research raised Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Mizuho boosted their price objective on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Finally, Royal Bank Of Canada boosted their price objective on Kodiak Gas Services from $45.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Kodiak Gas Services currently has an average rating of “Moderate Buy” and an average price target of $67.00.

Kodiak Gas Services Company 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.