7,079 Shares in Kodiak Gas Services, Inc. (NYSE:KGS) Purchased by Ethic Inc.

Ethic Inc. bought a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,079 shares of the company's stock, valued at approximately $289,000.

Several other large investors have also recently bought and sold shares of KGS. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Kodiak Gas Services by 1.6% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company's stock valued at $1,323,000 after acquiring an additional 500 shares in the last quarter. Amalgamated Bank boosted its stake in Kodiak Gas Services by 112.6% during the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company's stock valued at $45,000 after purchasing an additional 588 shares in the last quarter. Comerica Bank increased its position in shares of Kodiak Gas Services by 710.1% during the 4th quarter. Comerica Bank now owns 721 shares of the company's stock valued at $29,000 after purchasing an additional 632 shares during the period. Sterling Capital Management LLC increased its position in shares of Kodiak Gas Services by 1,322.6% during the 4th quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock valued at $31,000 after purchasing an additional 701 shares during the period. Finally, Stifel Financial Corp raised its stake in shares of Kodiak Gas Services by 6.9% in the 4th quarter. Stifel Financial Corp now owns 15,655 shares of the company's stock worth $639,000 after buying an additional 1,007 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company's stock.

Kodiak Gas Services Price Performance

KGS opened at $35.50 on Friday. The firm has a market capitalization of $3.15 billion, a P/E ratio of 122.43 and a beta of 1.59. The stock has a fifty day moving average of $35.22 and a 200-day moving average of $39.32. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. Kodiak Gas Services, Inc. has a 12-month low of $24.84 and a 12-month high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The firm had revenue of $329.64 million for the quarter, compared to analyst estimates of $328.45 million. During the same period in the previous year, the firm earned $0.39 earnings per share. Kodiak Gas Services's quarterly revenue was up 52.9% on a year-over-year basis. Equities analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.07%. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, May 5th. Kodiak Gas Services's dividend payout ratio is 339.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on KGS shares. Truist Financial upped their price target on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Raymond James reissued an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Royal Bank of Canada set a $45.00 price target on shares of Kodiak Gas Services and gave the stock an "outperform" rating in a research report on Tuesday, March 11th. Mizuho upped their price target on Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Finally, Barclays reduced their price objective on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $41.45.

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.

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