Kodiak Gas Services, Inc. (NYSE:KGS) Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. cut its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 76.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,935 shares of the company's stock after selling 56,203 shares during the quarter. Deprince Race & Zollo Inc.'s holdings in Kodiak Gas Services were worth $691,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Kodiak Gas Services by 94.7% in the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company's stock valued at $29,000 after buying an additional 342 shares during the last quarter. Comerica Bank raised 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 purchasing an additional 632 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Kodiak Gas Services by 1,322.6% in the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock worth $31,000 after purchasing an additional 701 shares during the last quarter. Amalgamated Bank raised its stake in shares of Kodiak Gas Services by 112.6% in the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company's stock worth $45,000 after purchasing an additional 588 shares during the last quarter. Finally, Transcendent Capital Group LLC purchased a new position in shares of Kodiak Gas Services in the fourth quarter worth about $49,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Stock Performance

KGS stock traded up $0.07 during trading on Tuesday, hitting $36.54. 1,923,255 shares of the company traded hands, compared to its average volume of 822,585. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. Kodiak Gas Services, Inc. has a 1 year low of $24.84 and a 1 year high of $50.43. The stock's 50-day simple moving average is $35.08 and its 200 day simple moving average is $39.30. The company has a market cap of $3.24 billion, a PE ratio of 126.00 and a beta of 1.59.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 EPS 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 company had revenue of $329.64 million for the quarter, compared to analyst estimates of $328.45 million. During the same period last year, the company earned $0.39 earnings per share. Kodiak Gas Services's quarterly revenue was up 52.9% compared to the same quarter last year. On average, equities analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be issued a $0.45 dividend. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 4.93%. The ex-dividend date is Monday, May 5th. Kodiak Gas Services's dividend payout ratio (DPR) is presently 339.62%.

Analyst Ratings Changes

Several research analysts have recently issued reports on KGS shares. 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. Truist Financial raised their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Royal Bank of Canada set a $45.00 price objective on Kodiak Gas Services and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Mizuho raised their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Finally, Citigroup raised their price objective 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. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.