HWG Holdings LP Buys 62,056 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

HWG Holdings LP raised its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 72.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,122 shares of the company's stock after buying an additional 62,056 shares during the quarter. Kodiak Gas Services accounts for approximately 2.5% of HWG Holdings LP's holdings, making the stock its 15th biggest holding. HWG Holdings LP owned approximately 0.17% of Kodiak Gas Services worth $5,525,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in Kodiak Gas Services by 155.8% in the 4th quarter. Victory Capital Management Inc. now owns 262,329 shares of the company's stock valued at $10,711,000 after buying an additional 159,772 shares during the period. GAMMA Investing LLC boosted its stake in shares of Kodiak Gas Services by 3,401.8% in the 1st quarter. GAMMA Investing LLC now owns 24,618 shares of the company's stock valued at $918,000 after purchasing an additional 23,915 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Kodiak Gas Services by 37.3% in the 1st quarter. Rhumbline Advisers now owns 60,450 shares of the company's stock valued at $2,255,000 after purchasing an additional 16,408 shares in the last quarter. Bailard Inc. acquired a new stake in shares of Kodiak Gas Services in the 4th quarter valued at $363,000. Finally, Swiss National Bank boosted its stake in shares of Kodiak Gas Services by 16.4% in the 4th quarter. Swiss National Bank now owns 57,500 shares of the company's stock valued at $2,348,000 after purchasing an additional 8,100 shares in the last quarter. Institutional investors own 24.95% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KGS shares. Royal Bank Of Canada set a $45.00 target price on shares of Kodiak Gas Services and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Barclays reduced their target price 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 boosted 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. Mizuho reduced their target price on shares of Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 20th. Finally, Raymond James Financial restated an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services has a consensus rating of "Moderate Buy" and a consensus target price of $40.55.

Kodiak Gas Services Stock Up 0.2%

Shares of NYSE KGS opened at $34.52 on Monday. The firm's 50-day simple moving average is $34.83 and its 200 day simple moving average is $38.97. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 65.13 and a beta of 1.49. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 1.91. Kodiak Gas Services, Inc. has a 12-month low of $24.84 and a 12-month high of $50.43.

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 for the quarter, topping the consensus estimate of $0.39 by $0.03. The firm had revenue of $329.64 million during the quarter, compared to analysts' expectations of $328.45 million. Kodiak Gas Services had a return on equity of 8.49% and a net margin of 3.93%. The company's quarterly revenue was up 52.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS. On average, research 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were issued a dividend of $0.45 per share. This is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend was Monday, May 5th. Kodiak Gas Services's payout ratio is currently 339.62%.

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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