Y Intercept Hong Kong Ltd Makes New Investment in Kodiak Gas Services, Inc. (NYSE:KGS)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 33,949 shares of the company's stock, valued at approximately $1,266,000.

Several other institutional investors have also added to or reduced their stakes in the company. Amalgamated Bank raised its position in Kodiak Gas Services by 40.0% during the first quarter. Amalgamated Bank now owns 1,554 shares of the company's stock valued at $58,000 after purchasing an additional 444 shares in the last quarter. United Advisor Group LLC raised its position in Kodiak Gas Services by 4.4% during the fourth 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 in the last quarter. Comerica Bank raised its position in Kodiak Gas Services by 710.1% during the fourth quarter. Comerica Bank now owns 721 shares of the company's stock valued at $29,000 after purchasing an additional 632 shares in the last quarter. Sterling Capital Management LLC raised its position in Kodiak Gas Services by 1,322.6% during the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock valued at $31,000 after purchasing an additional 701 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in Kodiak Gas Services by 4.2% during the first quarter. Kestra Private Wealth Services LLC now owns 19,414 shares of the company's stock valued at $724,000 after purchasing an additional 780 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on KGS shares. JPMorgan Chase & Co. reiterated a "buy" rating and set a $43.00 price target (up from $42.00) on shares of Kodiak Gas Services in a report on Monday, June 23rd. Barclays decreased their price objective on 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. Finally, Mizuho decreased their price objective on Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.64.

Kodiak Gas Services Stock Up 0.6%

Shares of KGS stock traded up $0.19 on Monday, reaching $31.46. 137,580 shares of the company were exchanged, compared to its average volume of 1,084,901. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 59.32 and a beta of 1.35. The company has a 50-day moving average of $33.91 and a 200-day moving average of $37.50. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.17 and a quick ratio of 0.87. Kodiak Gas Services, Inc. has a one year low of $24.83 and a one year 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. Kodiak Gas Services had a net margin of 3.93% and a return on equity of 8.49%. The company had revenue of $329.64 million for the quarter, compared to analysts' expectations of $328.45 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The business's revenue was up 52.9% on a year-over-year basis. Analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Monday, August 4th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, August 4th. This represents a $1.80 annualized dividend and a yield of 5.72%. Kodiak Gas Services's payout ratio is 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.