Augustine Asset Management Inc. Has $23.05 Million Stock Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Augustine Asset Management Inc. trimmed its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 3.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 617,933 shares of the company's stock after selling 22,311 shares during the quarter. Kodiak Gas Services makes up approximately 6.7% of Augustine Asset Management Inc.'s holdings, making the stock its 4th biggest position. Augustine Asset Management Inc. owned 0.70% of Kodiak Gas Services worth $23,049,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Comerica Bank raised its holdings in 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 buying an additional 632 shares during the period. Sterling Capital Management LLC grew 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 worth $31,000 after buying an additional 701 shares in the last quarter. Amalgamated Bank boosted its position in Kodiak Gas Services by 112.6% during the fourth 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. State of Wyoming bought a new stake in Kodiak Gas Services during the fourth quarter valued at about $57,000. Finally, KBC Group NV bought a new stake in Kodiak Gas Services during the first quarter valued at about $116,000. 24.95% of the stock is owned by hedge funds and other institutional investors.

Kodiak Gas Services Trading Down 0.9%

Shares of NYSE:KGS opened at $34.02 on Friday. Kodiak Gas Services, Inc. has a 52-week low of $24.84 and a 52-week high of $50.43. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 64.19 and a beta of 1.48. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 1.91. The business has a 50-day moving average price of $34.87 and a 200-day moving average price of $38.72.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its quarterly earnings data 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. Kodiak Gas Services had a return on equity of 8.49% and a net margin of 3.93%. The firm had revenue of $329.64 million during the quarter, compared to analysts' expectations of $328.45 million. During the same period last year, the business posted $0.39 earnings per share. The company's revenue for the quarter was up 52.9% compared to the same quarter last year. Equities analysts predict that Kodiak Gas Services, Inc. will post 1.12 EPS 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 paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.29%. This is a boost 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 (DPR) is presently 339.62%.

Wall Street Analyst Weigh In

KGS has been the topic of a number of recent research reports. Truist Financial raised their price objective 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. Royal Bank Of Canada set a $45.00 price target on Kodiak Gas Services and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Raymond James Financial reiterated an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Barclays decreased their price target 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. Finally, Mizuho decreased their price target on Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating for the company in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $40.64.

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.

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