Kayne Anderson Capital Advisors LP Increases Stock Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Kayne Anderson Capital Advisors LP lifted its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 1,069.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 509,073 shares of the company's stock after purchasing an additional 465,528 shares during the quarter. Kodiak Gas Services accounts for approximately 0.4% of Kayne Anderson Capital Advisors LP's investment portfolio, making the stock its 26th largest position. Kayne Anderson Capital Advisors LP owned 0.57% of Kodiak Gas Services worth $18,988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Comerica Bank lifted 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 acquiring 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 buying an additional 701 shares during the period. State of Wyoming acquired a new position in Kodiak Gas Services in the 4th quarter worth approximately $57,000. Amalgamated Bank increased its holdings in Kodiak Gas Services by 40.0% in the 1st quarter. Amalgamated Bank now owns 1,554 shares of the company's stock worth $58,000 after buying an additional 444 shares during the period. Finally, Montag A & Associates Inc. increased its holdings in Kodiak Gas Services by 71.5% in the 1st quarter. Montag A & Associates Inc. now owns 2,062 shares of the company's stock worth $77,000 after buying an additional 860 shares during the period. 24.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KGS. JPMorgan Chase & Co. reaffirmed a "buy" rating and set a $43.00 price objective (up previously from $42.00) on shares of Kodiak Gas Services in a research note on Monday, June 23rd. Barclays decreased their target price on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Mizuho decreased their target price on Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating on the stock in a research report 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $40.64.

Kodiak Gas Services Price Performance

NYSE:KGS traded up $0.17 during trading hours on Thursday, hitting $31.76. The company's stock had a trading volume of 233,624 shares, compared to its average volume of 1,089,924. The business's 50-day moving average is $34.07 and its two-hundred day moving average is $37.72. The company has a market capitalization of $2.82 billion, a PE ratio of 59.92 and a beta of 1.35. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.87 and a current ratio of 1.17. 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 earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $329.64 million for the quarter, compared to analyst estimates of $328.45 million. Kodiak Gas Services had a return on equity of 8.49% and a net margin of 3.93%. Kodiak Gas Services's revenue was up 52.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share. As a group, research analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

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.