Voloridge Investment Management LLC Has $17.30 Million Stake in Kodiak Gas Services, Inc. (NYSE:KGS)

Voloridge Investment Management LLC increased its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 905.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 423,730 shares of the company's stock after buying an additional 381,585 shares during the quarter. Voloridge Investment Management LLC owned about 0.48% of Kodiak Gas Services worth $17,301,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Comerica Bank raised its position in shares of 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 purchasing an additional 632 shares during the period. Sterling Capital Management LLC increased its position in 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 purchasing an additional 701 shares during the last quarter. Amalgamated Bank increased its position in Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company's stock worth $45,000 after purchasing an additional 588 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in Kodiak Gas Services in the 4th quarter worth about $49,000. Finally, State of Wyoming bought a new stake in shares of Kodiak Gas Services during the 4th quarter worth about $57,000. Institutional investors and hedge funds own 24.95% of the company's stock.

Kodiak Gas Services Trading Up 1.1%

NYSE KGS traded up $0.37 on Wednesday, reaching $35.42. The company had a trading volume of 245,937 shares, compared to its average volume of 841,450. The stock's 50 day moving average is $34.84 and its 200-day moving average is $39.46. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 122.14 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 posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The company had revenue of $329.64 million during the quarter, compared to analysts' expectations of $328.45 million. During the same period in the prior year, the firm earned $0.39 earnings per share. Kodiak Gas Services's revenue for the quarter was up 52.9% compared to the same quarter last year. 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 issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date was Monday, May 5th. This is an increase from Kodiak Gas Services's previous quarterly dividend of $0.41. Kodiak Gas Services's dividend payout ratio (DPR) is currently 339.62%.

Analyst Ratings Changes

A number of brokerages have recently commented on KGS. Barclays lowered their price objective on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock 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 research note on Tuesday, March 11th. Raymond James restated an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Truist Financial raised their price objective 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. Finally, Mizuho decreased their price objective on Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating on the stock in a report on Tuesday, May 20th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.55.

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.