Teacher Retirement System of Texas Invests $19.78 Million in Kodiak Gas Services, Inc. (NYSE:KGS)

Teacher Retirement System of Texas purchased a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 530,411 shares of the company's stock, valued at approximately $19,784,000. Teacher Retirement System of Texas owned approximately 0.60% of Kodiak Gas Services as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Amalgamated Bank lifted its position in Kodiak Gas Services by 40.0% during the 1st quarter. Amalgamated Bank now owns 1,554 shares of the company's stock valued at $58,000 after purchasing an additional 444 shares during the period. United Advisor Group LLC lifted its position in Kodiak Gas Services by 4.4% during the 4th quarter. United Advisor Group LLC now owns 12,281 shares of the company's stock valued at $501,000 after purchasing an additional 519 shares during the period. Comerica Bank lifted its position in 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 purchasing an additional 632 shares during the period. Sterling Capital Management LLC lifted its position in Kodiak Gas Services by 1,322.6% during the 4th quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock valued at $31,000 after purchasing an additional 701 shares during the period. Finally, Stifel Financial Corp lifted its position in Kodiak Gas Services by 6.9% during the 4th quarter. Stifel Financial Corp now owns 15,655 shares of the company's stock valued at $639,000 after purchasing an additional 1,007 shares during the period. Institutional investors and hedge funds own 24.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays cut their target price on shares of 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. Truist Financial upped their price target on Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. JPMorgan Chase & Co. reaffirmed a "buy" rating and issued a $43.00 price target (up from $42.00) on shares of Kodiak Gas Services in a research note on Monday, June 23rd. Mizuho lowered their price target on Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating for the company in a research note on Tuesday, May 20th. Finally, 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. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kodiak Gas Services presently has an average rating of "Moderate Buy" and an average price target of $40.64.

Kodiak Gas Services Stock Down 1.0%

KGS stock traded down $0.33 during mid-day trading on Tuesday, hitting $32.42. 1,090,146 shares of the company were exchanged, compared to its average volume of 917,616. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.87 and a current ratio of 1.17. The firm has a market cap of $2.88 billion, a P/E ratio of 61.17 and a beta of 1.35. The firm's 50 day simple moving average is $34.78 and its 200 day simple moving average is $38.39. 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 earnings results on Wednesday, May 7th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. The firm had revenue of $329.64 million for the quarter, compared to the consensus estimate of $328.45 million. Kodiak Gas Services had a net margin of 3.93% and a return on equity of 8.49%. The business's quarterly revenue was up 52.9% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. On average, sell-side analysts predict that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a dividend of $0.45 per share. This is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a dividend yield of 5.55%. The ex-dividend date was Monday, May 5th. Kodiak Gas Services's dividend payout ratio (DPR) is currently 339.62%.

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.