Zimmer Partners LP boosted its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 88.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,347,700 shares of the company's stock after buying an additional 1,567,849 shares during the quarter. Kodiak Gas Services accounts for 2.4% of Zimmer Partners LP's investment portfolio, making the stock its 14th largest position. Zimmer Partners LP owned approximately 3.82% of Kodiak Gas Services worth $136,687,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in KGS. Comerica Bank raised its holdings in shares of Kodiak Gas Services by 710.1% in the 4th 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 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 valued at $31,000 after purchasing an additional 701 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company's stock valued at $45,000 after purchasing an additional 588 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Kodiak Gas Services in the 4th quarter valued at $49,000. Finally, State of Wyoming acquired a new stake in shares of Kodiak Gas Services in the 4th quarter valued at $57,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
KGS has been the topic of a number of analyst reports. Raymond James restated an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Royal Bank of Canada set a $45.00 target price on shares of Kodiak Gas Services and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Truist Financial increased their target price on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. Mizuho dropped their target price on shares of 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. Finally, Barclays dropped their target price on shares of Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Kodiak Gas Services currently has an average rating of "Moderate Buy" and a consensus target price of $40.55.
Get Our Latest Research Report on Kodiak Gas Services
Kodiak Gas Services Stock Performance
Kodiak Gas Services stock traded up $0.35 during midday trading on Friday, hitting $34.69. 640,883 shares of the company's stock were exchanged, compared to its average volume of 843,895. Kodiak Gas Services, Inc. has a 12-month low of $24.84 and a 12-month high of $50.43. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. 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 firm's 50 day simple moving average is $34.99 and its 200 day simple moving average is $39.46.
Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $329.64 million for the quarter, compared to the consensus estimate of $328.45 million. During the same period last year, the firm posted $0.39 EPS. Kodiak Gas Services's revenue for the quarter was up 52.9% on a year-over-year basis. Equities research analysts predict that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.
Kodiak Gas Services Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a dividend of $0.45 per share. This is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 5.19%. The ex-dividend date was Monday, May 5th. Kodiak Gas Services's dividend payout ratio is currently 339.62%.
About Kodiak Gas Services
(
Free Report)
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.
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