MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 68.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,517 shares of the company's stock after purchasing an additional 7,516 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Kodiak Gas Services were worth $756,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KGS. Comerica Bank grew its stake in 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 purchasing an additional 632 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of 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 last quarter. Amalgamated Bank raised its stake in shares of Kodiak Gas Services by 112.6% during the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company's stock worth $45,000 after acquiring an additional 588 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in Kodiak Gas Services during the fourth quarter valued at approximately $49,000. Finally, Summit Investment Advisors Inc. boosted its stake in Kodiak Gas Services by 72.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,406 shares of the company's stock valued at $139,000 after acquiring an additional 1,431 shares in the last quarter. Institutional investors own 24.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on KGS shares. Barclays reduced their price target 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. Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Mizuho dropped their price target on 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. Truist Financial boosted their target price on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Finally, Raymond James reissued an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $40.55.

Kodiak Gas Services Stock Performance

NYSE:KGS traded down $0.08 during mid-day trading on Friday, hitting $35.38. The company's stock had a trading volume of 1,778,220 shares, compared to its average volume of 850,950. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 122.00 and a beta of 1.59. The business's fifty day moving average is $34.72 and its two-hundred day moving average is $39.43. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. Kodiak Gas Services, Inc. has a 1 year low of $24.84 and a 1 year high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. The company had revenue of $329.64 million during the quarter, compared to the consensus estimate of $328.45 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. Kodiak Gas Services's revenue for the quarter was up 52.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. Analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a $0.45 dividend. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. The ex-dividend date was Monday, May 5th. This represents a $1.80 annualized dividend and a dividend yield of 5.09%. Kodiak Gas Services's dividend payout ratio (DPR) is 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.