HWG Holdings LP Grows Stock Position in Kodiak Gas Services, Inc. (NYSE:KGS)

HWG Holdings LP raised its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 72.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 148,122 shares of the company's stock after buying an additional 62,056 shares during the period. Kodiak Gas Services comprises 2.5% of HWG Holdings LP's investment portfolio, making the stock its 15th biggest position. HWG Holdings LP owned approximately 0.17% of Kodiak Gas Services worth $5,525,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KGS. Comerica Bank raised its stake in shares of Kodiak Gas Services by 710.1% during the 4th quarter. Comerica Bank now owns 721 shares of the company's stock worth $29,000 after buying an additional 632 shares during the period. Sterling Capital Management LLC increased its holdings in 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 acquiring an additional 701 shares in the last quarter. Amalgamated Bank raised 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 worth $45,000 after acquiring an additional 588 shares during the period. Transcendent Capital Group LLC acquired a new position in Kodiak Gas Services during the fourth quarter worth $49,000. Finally, State of Wyoming purchased a new position in Kodiak Gas Services during the fourth quarter valued at $57,000. Institutional investors and hedge funds own 24.95% of the company's stock.

Kodiak Gas Services Price Performance

Shares of NYSE:KGS traded up $0.50 during midday trading on Thursday, hitting $34.37. The company had a trading volume of 1,104,251 shares, compared to its average volume of 896,617. Kodiak Gas Services, Inc. has a twelve month low of $24.84 and a twelve month high of $50.43. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 64.84 and a beta of 1.48. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.17 and a quick ratio of 0.87. The business's 50-day simple moving average is $34.88 and its 200-day simple moving average is $38.81.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating 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 company had revenue of $329.64 million during the quarter, compared to analysts' expectations of $328.45 million. During the same period in the prior year, the business earned $0.39 EPS. The firm's quarterly revenue was up 52.9% on a year-over-year basis. On average, research analysts predict 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. Investors of record on Monday, May 5th were issued a $0.45 dividend. The ex-dividend date was Monday, May 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.24%. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. Kodiak Gas Services's dividend payout ratio is currently 339.62%.

Analyst Ratings Changes

A number of analysts have recently commented on KGS shares. Truist Financial boosted their target price on shares of 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. JPMorgan Chase & Co. reissued a "buy" rating and set a $43.00 target price (up previously from $42.00) on shares of Kodiak Gas Services in a report on Monday. Raymond James Financial reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Finally, Mizuho dropped their price target 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. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Kodiak Gas Services currently has an average rating of "Moderate Buy" and a consensus price target 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.