Rhumbline Advisers Has $2.26 Million Stock Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Rhumbline Advisers raised its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 37.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,450 shares of the company's stock after buying 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 reporting period.

Several other large investors have also recently added to or reduced their stakes in KGS. Comerica Bank lifted its position in shares of Kodiak Gas Services by 710.1% during the 4th quarter. Comerica Bank now owns 721 shares of the company's stock valued at $29,000 after acquiring an additional 632 shares during the period. Sterling Capital Management LLC lifted its position 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 purchasing an additional 701 shares during the period. Amalgamated Bank lifted its position 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 purchasing an additional 588 shares during the period. Transcendent Capital Group LLC acquired a new stake in Kodiak Gas Services during the fourth quarter worth about $49,000. Finally, State of Wyoming acquired a new stake in Kodiak Gas Services during the fourth quarter worth about $57,000. Institutional investors own 24.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on KGS shares. Barclays cut their price target 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. Royal Bank Of Canada set a $45.00 target price on Kodiak Gas Services and gave the company an "outperform" rating in a report on Tuesday, March 11th. Truist Financial boosted 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. Raymond James Financial restated an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Finally, Mizuho decreased their target price 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. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Kodiak Gas Services presently has an average rating of "Moderate Buy" and a consensus price target of $40.55.

Kodiak Gas Services Trading Down 0.5%

Shares of KGS stock traded down $0.16 during mid-day trading on Wednesday, reaching $33.92. 43,282 shares of the stock traded hands, compared to its average volume of 877,434. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 63.80 and a beta of 1.48. 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's fifty day simple moving average is $34.72 and its two-hundred day simple moving average is $39.12. 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 issued its quarterly earnings data 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. Kodiak Gas Services had a net margin of 3.93% and a return on equity of 8.49%. The business had revenue of $329.64 million during the quarter, compared to analyst estimates of $328.45 million. During the same quarter last year, the business earned $0.39 EPS. The firm's quarterly revenue was up 52.9% on a year-over-year basis. On average, research analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal 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 paid a $0.45 dividend. This is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.80 annualized dividend and a dividend yield of 5.31%. Kodiak Gas Services's payout ratio is currently 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.