Franklin Resources Inc. Sells 523 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Franklin Resources Inc. decreased its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,529 shares of the company’s stock after selling 523 shares during the quarter. Franklin Resources Inc.’s holdings in Kodiak Gas Services were worth $1,573,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KGS. GAMMA Investing LLC grew its holdings in Kodiak Gas Services by 94.7% during the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after acquiring an additional 342 shares in the last quarter. Amalgamated Bank lifted its position in shares of Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock worth $45,000 after purchasing an additional 588 shares during the period. Transcendent Capital Group LLC bought a new position in shares of Kodiak Gas Services during the fourth quarter valued at approximately $49,000. Mendota Financial Group LLC purchased a new position in Kodiak Gas Services during the fourth quarter valued at approximately $122,000. Finally, Virtu Financial LLC bought a new position in Kodiak Gas Services in the fourth quarter worth approximately $222,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Insider Buying and Selling at Kodiak Gas Services

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the transaction, the insider now owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.27% of the company’s stock.

Kodiak Gas Services Price Performance

NYSE KGS opened at $32.87 on Tuesday. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 113.35 and a beta of 1.52. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The stock’s fifty day moving average price is $38.83 and its 200 day moving average price is $38.83. Kodiak Gas Services, Inc. has a 1 year low of $24.84 and a 1 year high of $50.43.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The firm had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. As a group, equities research analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services’s dividend payout ratio is presently 277.97%.

Wall Street Analyst Weigh In

Several analysts have issued reports on KGS shares. Citigroup increased their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Barclays reduced their target price on shares of Kodiak Gas Services from $44.00 to $41.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Royal Bank of Canada set a $45.00 price target on shares of Kodiak Gas Services and gave the company an “outperform” rating in a report on Tuesday, March 11th. Truist Financial boosted their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Finally, Mizuho raised their target price on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.91.

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.