23,230 Shares in Kodiak Gas Services, Inc. (NYSE:KGS) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 23,230 shares of the company's stock, valued at approximately $948,000.

Several other large investors have also recently made changes to their positions in KGS. GAMMA Investing LLC grew its position 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 purchasing an additional 342 shares during the last quarter. Comerica Bank raised its holdings in shares of Kodiak Gas Services by 710.1% during the fourth quarter. Comerica Bank now owns 721 shares of the company's stock worth $29,000 after purchasing an additional 632 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Kodiak Gas Services by 1,322.6% in the 4th quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock valued at $31,000 after buying an additional 701 shares during the period. Amalgamated Bank boosted its position in 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 in the last quarter. Finally, Transcendent Capital Group LLC purchased a new stake in Kodiak Gas Services during the fourth quarter worth $49,000. 24.95% of the stock is owned by institutional investors.

Kodiak Gas Services Price Performance

KGS stock traded down $0.13 on Friday, reaching $35.50. The company had a trading volume of 920,422 shares, compared to its average volume of 836,593. The company's fifty day moving average is $35.22 and its 200 day moving average is $39.37. The company has a market cap of $3.15 billion, a P/E ratio of 122.43 and a beta of 1.59. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. The company had revenue of $329.64 million during the quarter, compared to analysts' expectations of $328.45 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The business's revenue for the quarter was up 52.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. On average, research analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The company also recently disclosed 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%. The ex-dividend date was Monday, May 5th. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. Kodiak Gas Services's payout ratio is currently 339.62%.

Analyst Upgrades and Downgrades

KGS has been the topic of several research analyst reports. Raymond James reiterated an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Barclays reduced their price objective on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. 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 research note on Tuesday, March 11th. Truist Financial lifted their target price on Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. Finally, Mizuho upped their price objective on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Kodiak Gas Services has an average rating of "Moderate Buy" and a consensus price target of $41.45.

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.