D. E. Shaw & Co. Inc. Trims Stock Position in Kodiak Gas Services, Inc. (NYSE:KGS)

D. E. Shaw & Co. Inc. trimmed its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 98.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,424 shares of the company's stock after selling 492,576 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Kodiak Gas Services were worth $303,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Kodiak Gas Services by 50.2% during the 4th quarter. FMR LLC now owns 7,342,296 shares of the company's stock worth $299,786,000 after acquiring an additional 2,452,492 shares in the last quarter. Invesco Ltd. lifted its position in Kodiak Gas Services by 1.1% during the fourth quarter. Invesco Ltd. now owns 2,942,782 shares of the company's stock valued at $120,154,000 after purchasing an additional 32,966 shares during the last quarter. Vanguard Group Inc. lifted its position in Kodiak Gas Services by 52.3% during the fourth quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company's stock valued at $108,568,000 after purchasing an additional 913,104 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Kodiak Gas Services by 14.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,650,183 shares of the company's stock worth $67,379,000 after buying an additional 202,050 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Kodiak Gas Services by 26.4% during the 4th quarter. American Century Companies Inc. now owns 939,459 shares of the company's stock valued at $38,358,000 after buying an additional 196,273 shares in the last quarter. Institutional investors own 24.95% of the company's stock.

Kodiak Gas Services Stock Down 0.2%

Shares of KGS stock traded down $0.08 during trading hours on Friday, reaching $35.38. 1,778,220 shares of the company's stock were exchanged, compared to its average volume of 850,950. Kodiak Gas Services, Inc. has a fifty-two week low of $24.84 and a fifty-two week high of $50.43. The stock's 50 day moving average is $34.72 and its 200-day moving average is $39.43. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 122.00 and a beta of 1.59.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. The company had revenue of $329.64 million during the quarter, compared to analysts' expectations of $328.45 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. Kodiak Gas Services's revenue for the quarter was up 52.9% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.09%. This is an increase from Kodiak Gas Services's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, May 5th. Kodiak Gas Services's dividend payout ratio is presently 339.62%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Royal Bank of Canada set a $45.00 price target on shares of Kodiak Gas Services and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Raymond James restated an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Truist Financial increased their price target on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Mizuho dropped their price objective on 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, Barclays reduced 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 note on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.55.

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.