Public Employees Retirement System of Ohio Purchases 20,899 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Public Employees Retirement System of Ohio boosted its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 57.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,963 shares of the company's stock after purchasing an additional 20,899 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of Kodiak Gas Services worth $2,326,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KGS. Comerica Bank raised its stake in shares of Kodiak Gas Services by 710.1% in the fourth quarter. Comerica Bank now owns 721 shares of the company's stock valued at $29,000 after acquiring an additional 632 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Kodiak Gas Services by 1,322.6% in the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock valued at $31,000 after acquiring an additional 701 shares during the last quarter. Amalgamated Bank raised its stake in shares of Kodiak Gas Services by 112.6% in the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company's stock valued at $45,000 after acquiring an additional 588 shares during the last quarter. Transcendent Capital Group LLC bought a new position in shares of Kodiak Gas Services in the fourth quarter valued at approximately $49,000. Finally, State of Wyoming bought a new position in shares of Kodiak Gas Services in the fourth quarter valued at approximately $57,000. Institutional investors own 24.95% of the company's stock.

Kodiak Gas Services Stock Performance

KGS traded down $0.58 on Wednesday, reaching $36.05. The company had a trading volume of 724,761 shares, compared to its average volume of 861,499. Kodiak Gas Services, Inc. has a fifty-two week low of $24.84 and a fifty-two week high of $50.43. The stock has a market cap of $3.20 billion, a P/E ratio of 124.31 and a beta of 1.59. The company's fifty day moving average is $34.56 and its 200 day moving average is $39.43. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The firm had revenue of $329.64 million for the quarter, compared to analyst estimates of $328.45 million. During the same quarter in the prior year, the business posted $0.39 EPS. The business's revenue was up 52.9% compared to the same quarter last year. As a group, analysts predict 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 declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date was Monday, May 5th. This is an increase from Kodiak Gas Services's previous quarterly dividend of $0.41. Kodiak Gas Services's dividend payout ratio is 339.62%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. 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 lowered their target price on shares of Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Truist Financial boosted their price target on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Mizuho decreased their price target on shares of Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Tuesday, May 20th. Finally, Raymond James reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $40.55.

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.