Jefferies Financial Group Inc. Purchases New Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Jefferies Financial Group Inc. acquired a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 138,560 shares of the company's stock, valued at approximately $5,657,000. Jefferies Financial Group Inc. owned 0.16% of Kodiak Gas Services at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC lifted its position in Kodiak Gas Services by 1.6% during the 4th 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 during the period. United Advisor Group LLC lifted its holdings in shares of Kodiak Gas Services by 4.4% during the fourth quarter. United Advisor Group LLC now owns 12,281 shares of the company's stock valued at $501,000 after purchasing an additional 519 shares during the last quarter. Amalgamated Bank boosted 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 in the last quarter. Comerica Bank boosted its position in shares of Kodiak Gas Services by 710.1% in the 4th quarter. Comerica Bank now owns 721 shares of the company's stock worth $29,000 after purchasing an additional 632 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake 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 worth $31,000 after buying an additional 701 shares during the last quarter. Hedge funds and other institutional investors own 24.95% of the company's stock.

Analysts Set New Price Targets

KGS has been the subject of a number of recent research reports. Royal Bank of Canada set a $45.00 price objective on Kodiak Gas Services and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Barclays dropped their price target on shares of Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Truist Financial raised their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Raymond James reiterated an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Finally, Mizuho reduced their price target on shares of Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating for the company in a research report on Tuesday, May 20th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $40.55.

Kodiak Gas Services Stock Performance

NYSE:KGS traded down $0.08 during trading hours on Friday, reaching $35.38. The company had a trading volume of 1,778,220 shares, compared to its average volume of 1,079,817. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 122.00 and a beta of 1.59. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The firm's 50 day moving average price is $34.72 and its 200-day moving average price is $39.43. Kodiak Gas Services, Inc. has a 52 week low of $24.83 and a 52 week high of $50.43.

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

Kodiak Gas Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a $0.45 dividend. The ex-dividend date was Monday, May 5th. This is an increase from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.09%. 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.