Kodiak Gas Services, Inc. (NYSE:KGS) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP raised its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 65.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 999,000 shares of the company's stock after acquiring an additional 393,900 shares during the period. Two Sigma Advisers LP owned approximately 1.14% of Kodiak Gas Services worth $40,789,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Comerica Bank increased 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 buying an additional 632 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Kodiak Gas Services by 1,322.6% during 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 increased its holdings 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 buying an additional 588 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Kodiak Gas Services during the 4th quarter worth approximately $49,000. Finally, State of Wyoming acquired a new stake in shares of Kodiak Gas Services during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 24.95% of the company's stock.

Analyst Ratings Changes

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

Kodiak Gas Services Price Performance

KGS traded up $0.35 on Friday, hitting $34.69. 640,883 shares of the company were exchanged, compared to its average volume of 843,895. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The business's fifty day moving average is $34.99 and its 200 day moving average is $39.46. Kodiak Gas Services, Inc. has a fifty-two week low of $24.84 and a fifty-two week high of $50.43. The firm has a market capitalization of $3.08 billion, a P/E ratio of 119.61 and a beta of 1.59.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The business had revenue of $329.64 million for the quarter, compared to analyst estimates of $328.45 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The company's quarterly revenue was up 52.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. As a group, sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current 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 given a $0.45 dividend. The ex-dividend date of this dividend was Monday, May 5th. 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 dividend yield of 5.19%. Kodiak Gas Services's dividend payout ratio is currently 339.62%.

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.