Blackstone Inc. Takes $20.23 Million Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Blackstone Inc. acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 495,468 shares of the company's stock, valued at approximately $20,230,000. Blackstone Inc. owned about 0.57% of Kodiak Gas Services at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KGS. GAMMA Investing LLC boosted its holdings in shares of Kodiak Gas Services by 94.7% in the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company's stock valued at $29,000 after buying an additional 342 shares in the last quarter. Comerica Bank boosted its stake in shares of Kodiak Gas Services by 710.1% in the fourth quarter. Comerica Bank now owns 721 shares of the company's stock worth $29,000 after buying an additional 632 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Kodiak Gas Services by 1,322.6% in the fourth 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. Amalgamated Bank increased 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 worth $45,000 after buying an additional 588 shares in the last quarter. Finally, Transcendent Capital Group LLC acquired a new stake in Kodiak Gas Services in the 4th quarter valued at about $49,000. Institutional investors own 24.95% of the company's stock.

Analyst Ratings Changes

KGS has been the subject of several research reports. Truist Financial boosted their price target 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. Citigroup lifted their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Barclays reduced their target price on shares of Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Mizuho upped their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the company an "outperform" rating in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $41.45.

Kodiak Gas Services Stock Up 0.3 %

Shares of NYSE:KGS traded up $0.12 during midday trading on Friday, hitting $35.56. 777,871 shares of the stock were exchanged, compared to its average volume of 819,159. The company has a market capitalization of $3.15 billion, a PE ratio of 122.62 and a beta of 1.59. Kodiak Gas Services, Inc. has a 52-week low of $24.84 and a 52-week high of $50.43. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The business's fifty day simple moving average is $35.16 and its two-hundred day simple moving average is $39.21.

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

Kodiak Gas Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be given a $0.45 dividend. The ex-dividend date is Monday, May 5th. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a yield of 5.06%. Kodiak Gas Services's payout ratio is 339.62%.

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.