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

Y Intercept Hong Kong Ltd purchased a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 33,949 shares of the company's stock, valued at approximately $1,266,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Comerica Bank increased its stake in Kodiak Gas Services by 710.1% in the 4th quarter. Comerica Bank now owns 721 shares of the company's stock worth $29,000 after acquiring 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 purchasing an additional 701 shares in the last quarter. State of Wyoming purchased a new position in shares of Kodiak Gas Services in the 4th quarter worth about $57,000. Amalgamated Bank boosted its holdings in shares of Kodiak Gas Services by 40.0% in the 1st quarter. Amalgamated Bank now owns 1,554 shares of the company's stock worth $58,000 after purchasing an additional 444 shares in the last quarter. Finally, Montag A & Associates Inc. boosted its holdings in shares of Kodiak Gas Services by 71.5% in the 1st quarter. Montag A & Associates Inc. now owns 2,062 shares of the company's stock worth $77,000 after purchasing an additional 860 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KGS has been the topic of several recent research reports. Mizuho reduced their price target on Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 20th. Barclays reduced their price objective 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, JPMorgan Chase & Co. reissued a "buy" rating and issued a $43.00 target price (up previously from $42.00) on shares of Kodiak Gas Services in a report on Monday, June 23rd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Kodiak Gas Services presently has an average rating of "Moderate Buy" and a consensus price target of $40.64.

Kodiak Gas Services Stock Performance

NYSE KGS traded down $0.53 on Friday, hitting $31.28. 830,724 shares of the company traded hands, compared to its average volume of 1,195,132. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 59.01 and a beta of 1.35. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 1.91. The business's 50 day moving average price is $33.91 and its 200-day moving average price is $37.56. Kodiak Gas Services, Inc. has a 52-week low of $24.83 and a 52-week high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $329.64 million for the quarter, compared to the consensus estimate of $328.45 million. Kodiak Gas Services had a return on equity of 8.49% and a net margin of 3.93%. Kodiak Gas Services's quarterly revenue was up 52.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. Equities analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, August 4th will be given a $0.45 dividend. The ex-dividend date is Monday, August 4th. This represents a $1.80 annualized dividend and a dividend yield of 5.76%. Kodiak Gas Services's payout ratio is 339.62%.

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.