Two Sigma Investments LP Purchases 136,193 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Two Sigma Investments LP increased its position in shares of 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 & Exchange Commission. The institutional investor owned 880,569 shares of the company's stock after purchasing an additional 136,193 shares during the quarter. Two Sigma Investments LP owned approximately 1.01% of Kodiak Gas Services worth $35,954,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank grew its stake in Kodiak Gas Services by 710.1% during the fourth 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 boosted its holdings in shares of Kodiak Gas Services by 1,322.6% in the 4th quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock worth $31,000 after acquiring an additional 701 shares in the last quarter. Amalgamated Bank grew its position in 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 acquiring an additional 588 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in Kodiak Gas Services during the 4th quarter worth approximately $49,000. Finally, State of Wyoming acquired a new stake in Kodiak Gas Services during the 4th quarter valued at $57,000. 24.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on KGS shares. Barclays reduced their price objective on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Truist Financial upped their price target on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Mizuho decreased their price objective on shares of Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating on the stock in a report on Tuesday, May 20th. Royal Bank of Canada set a $45.00 target price on shares of Kodiak Gas Services and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Finally, Raymond James reissued an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services has a consensus rating of "Moderate Buy" and an average target price of $40.55.

Kodiak Gas Services Trading Up 1.0%

Shares of NYSE KGS traded up $0.35 during mid-day trading on Monday, hitting $34.69. The company's stock had a trading volume of 640,883 shares, compared to its average volume of 843,895. Kodiak Gas Services, Inc. has a one year low of $24.84 and a one year high of $50.43. The company's fifty day simple moving average is $34.99 and its 200-day simple moving average is $39.49. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 119.61 and a beta of 1.59.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced 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 2.23% and a return on equity of 7.91%. The firm had revenue of $329.64 million for the quarter, compared to analysts' expectations of $328.45 million. During the same period last year, the firm earned $0.39 earnings per share. The business's revenue for the quarter was up 52.9% on a year-over-year basis. On average, sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, May 5th. This is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.19%. Kodiak Gas Services's payout ratio is 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.