GAMMA Investing LLC Raises Stock Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

GAMMA Investing LLC lifted its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 3,401.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,618 shares of the company's stock after acquiring an additional 23,915 shares during the quarter. GAMMA Investing LLC's holdings in Kodiak Gas Services were worth $918,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. United Advisor Group LLC raised its holdings in shares of Kodiak Gas Services by 4.4% in the 4th 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 in the last quarter. Amalgamated Bank increased its holdings 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 buying an additional 588 shares during the period. Comerica Bank raised its stake in 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 in the last quarter. Sterling Capital Management LLC lifted its holdings in Kodiak Gas Services by 1,322.6% during the fourth 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 period. Finally, Stifel Financial Corp boosted its position in Kodiak Gas Services by 6.9% during the fourth quarter. Stifel Financial Corp now owns 15,655 shares of the company's stock valued at $639,000 after purchasing an additional 1,007 shares in the last quarter. 24.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays lowered 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 report on Wednesday, April 16th. Truist Financial raised their target price 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 Financial reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Royal Bank Of Canada set a $45.00 price objective on Kodiak Gas Services and gave the company an "outperform" rating in a report on Tuesday, March 11th. Finally, Mizuho lowered their price objective on 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 analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $40.55.

Kodiak Gas Services Stock Performance

Shares of KGS stock traded up $0.13 during mid-day trading on Friday, reaching $34.58. The stock had a trading volume of 337,140 shares, compared to its average volume of 881,014. Kodiak Gas Services, Inc. has a 1-year low of $24.84 and a 1-year high of $50.43. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 65.17 and a beta of 1.48. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 1.91. The business's fifty day moving average is $34.79 and its 200-day moving average is $39.04.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. Kodiak Gas Services had a net margin of 3.93% and a return on equity of 8.49%. The company had revenue of $329.64 million for the quarter, compared to the consensus estimate of $328.45 million. During the same quarter in the prior year, the company earned $0.39 EPS. Kodiak Gas Services's quarterly revenue was up 52.9% on a year-over-year basis. 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 firm 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. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.21%. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. Kodiak Gas Services's dividend payout ratio is presently 339.62%.

Kodiak Gas Services 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.