Kodiak Gas Services, Inc. $KGS Shares Acquired by Deprince Race & Zollo Inc.

Key Points

• Deprince Race & Zollo Inc. increased its stake in Kodiak Gas Services by 33.2%, acquiring 255,167 shares to hold 1,022,948 shares (about 1.18% of the company) valued at roughly $38.26 million.
• Kodiak missed quarterly EPS ($0.40 vs. $0.53 est.) while revenue rose 7.6% year-over-year to $332.9 million, and the company pays a $0.49 quarterly dividend (3.2% yield) with a notably high payout ratio of 225%.
• Analyst sentiment has improved with several firms raising targets and ratings; the stock carries a consensus "Moderate Buy" and an average price target of about $54.57.

Deprince Race & Zollo Inc. increased its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 33.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,022,948 shares of the company's stock after acquiring an additional 255,167 shares during the period. Deprince Race & Zollo Inc. owned approximately 1.18% of Kodiak Gas Services worth $38,258,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in shares of Kodiak Gas Services by 52.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company's stock worth $40,000 after acquiring an additional 364 shares during the period. Captrust Financial Advisors increased its holdings in shares of Kodiak Gas Services by 2.7% in the 2nd quarter. Captrust Financial Advisors now owns 16,925 shares of the company's stock worth $580,000 after acquiring an additional 448 shares during the period. GAMMA Investing LLC increased its holdings in shares of Kodiak Gas Services by 80.3% in the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company's stock worth $47,000 after acquiring an additional 556 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Kodiak Gas Services by 80.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company's stock worth $54,000 after acquiring an additional 646 shares during the period. Finally, Amplify Investments LLC increased its holdings in shares of Kodiak Gas Services by 35.7% in the 3rd quarter. Amplify Investments LLC now owns 2,660 shares of the company's stock worth $98,000 after acquiring an additional 700 shares during the period. Institutional investors and hedge funds own 24.95% of the company's stock.

Kodiak Gas Services Trading Up 0.1%

Shares of NYSE:KGS opened at $60.84 on Monday. The company has a 50 day moving average of $54.36 and a 200-day moving average of $42.55. The firm has a market cap of $5.23 billion, a P/E ratio of 69.93 and a beta of 0.96. Kodiak Gas Services, Inc. has a twelve month low of $30.06 and a twelve month high of $61.48. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 2.12.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The business had revenue of $332.87 million during the quarter, compared to the consensus estimate of $330.95 million. During the same quarter last year, the firm posted $0.21 earnings per share. Kodiak Gas Services's revenue was up 7.6% compared to the same quarter last year. As a group, analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services's payout ratio is presently 225.29%.

Insiders Place Their Bets

In related news, CAO Ewan William Hamilton sold 5,797 shares of the business's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total value of $325,675.46. Following the sale, the chief accounting officer directly owned 34,346 shares in the company, valued at $1,929,558.28. The trade was a 14.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Randall J. Hogan bought 6,000 shares of the company's stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average price of $54.81 per share, for a total transaction of $328,860.00. Following the completion of the acquisition, the director directly owned 28,406 shares in the company, valued at approximately $1,556,932.86. This represents a 26.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 11,433 shares of company stock worth $624,360 and sold 58,673 shares worth $3,269,110. Company insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on KGS. Wall Street Zen raised shares of Kodiak Gas Services from a "sell" rating to a "hold" rating in a report on Saturday, February 21st. Mizuho raised their target price on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the company an "outperform" rating in a research note on Tuesday, January 20th. Citigroup boosted their price target on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. Royal Bank Of Canada upped their price target on shares of Kodiak Gas Services from $45.00 to $64.00 and gave the stock an "outperform" rating in a research note on Thursday, March 19th. Finally, The Goldman Sachs Group upped their price target on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $54.57.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.

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