Rhumbline Advisers Buys 16,408 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Rhumbline Advisers boosted its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 37.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,450 shares of the company's stock after purchasing an additional 16,408 shares during the quarter. Rhumbline Advisers owned 0.07% of Kodiak Gas Services worth $2,255,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Comerica Bank grew its holdings in shares of Kodiak Gas Services by 710.1% during the 4th quarter. Comerica Bank now owns 721 shares of the company's stock worth $29,000 after purchasing an additional 632 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Kodiak Gas Services by 1,322.6% during the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock worth $31,000 after buying an additional 701 shares in the last quarter. Amalgamated Bank boosted its stake in Kodiak Gas Services by 112.6% during the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company's stock worth $45,000 after buying an additional 588 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in Kodiak Gas Services in the 4th quarter valued at $49,000. Finally, State of Wyoming bought a new position in shares of Kodiak Gas Services during the 4th quarter worth about $57,000. 24.95% of the stock is owned by institutional investors.

Kodiak Gas Services Trading Up 0.4%

KGS stock traded up $0.13 during trading on Friday, hitting $34.58. The company had a trading volume of 337,140 shares, compared to its average volume of 881,014. The firm has a 50-day moving average price of $34.79 and a 200-day moving average price of $39.04. Kodiak Gas Services, Inc. has a 12 month low of $24.84 and a 12 month high of $50.43. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 1.91. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 65.17 and a beta of 1.48.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share 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 the consensus estimate of $328.45 million. Kodiak Gas Services had a return on equity of 8.49% and a net margin of 3.93%. The firm's quarterly revenue was up 52.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 earnings per share. As a group, analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $0.45 dividend. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend was Monday, May 5th. Kodiak Gas Services's dividend payout ratio is currently 339.62%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Raymond James Financial reiterated an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Mizuho lowered their price target 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. Barclays dropped their price objective on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. 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. Finally, Truist Financial lifted 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. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.55.

Kodiak Gas Services Company 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.