Two Sigma Investments LP Has $35.95 Million Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Two Sigma Investments LP grew its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 18.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 880,569 shares of the company's stock after acquiring an additional 136,193 shares during the quarter. Two Sigma Investments LP owned 1.01% of Kodiak Gas Services worth $35,954,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KGS. State of Wyoming acquired a new position in shares of Kodiak Gas Services in the 4th quarter worth approximately $57,000. Seven Grand Managers LLC raised its holdings in shares of Kodiak Gas Services by 42.9% in the 4th quarter. Seven Grand Managers LLC now owns 200,000 shares of the company's stock worth $8,166,000 after buying an additional 60,000 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Kodiak Gas Services in the 4th quarter worth approximately $9,039,000. ProShare Advisors LLC acquired a new stake in Kodiak Gas Services during the 4th quarter valued at $374,000. Finally, Nuveen Asset Management LLC increased its holdings in Kodiak Gas Services by 163.4% during the 4th quarter. Nuveen Asset Management LLC now owns 98,441 shares of the company's stock valued at $4,019,000 after purchasing an additional 61,069 shares in the last quarter. Institutional investors own 24.95% of the company's stock.

Kodiak Gas Services Trading Up 1.0%

NYSE KGS traded up $0.35 on Friday, reaching $34.69. The company had a trading volume of 640,883 shares, compared to its average volume of 842,161. The stock's 50 day moving average is $34.99 and its 200-day moving average is $39.43. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 119.61 and a beta of 1.59. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. Kodiak Gas Services, Inc. has a 52 week low of $24.84 and a 52 week high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. The business 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%. The firm's revenue was up 52.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 earnings per share. Equities 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.19%. This is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. The ex-dividend date was Monday, May 5th. Kodiak Gas Services's payout ratio is presently 339.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Mizuho dropped their price target on Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Tuesday. Raymond James reissued an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Truist Financial boosted their target price on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Barclays dropped their target price on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada set a $45.00 target price on Kodiak Gas Services and gave the stock an "outperform" rating in a research report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Kodiak Gas Services has an average rating of "Moderate Buy" and an average price target of $40.55.

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.