11,045 Shares in Kodiak Gas Services, Inc. (NYSE:KGS) Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,045 shares of the company's stock, valued at approximately $454,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Kodiak Gas Services by 94.7% in the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company's stock valued at $29,000 after purchasing an additional 342 shares during the last quarter. Sterling Capital Management LLC increased its holdings 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 valued at $31,000 after purchasing an additional 701 shares during the last quarter. Amalgamated Bank increased its holdings in 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 during the last quarter. Transcendent Capital Group LLC acquired a new stake in Kodiak Gas Services in the 4th quarter valued at approximately $49,000. Finally, Mendota Financial Group LLC acquired a new stake in Kodiak Gas Services in the 4th quarter valued at approximately $122,000. Institutional investors and hedge funds own 24.95% of the company's stock.

Kodiak Gas Services Stock Performance

Shares of NYSE:KGS traded down $0.19 on Tuesday, reaching $36.28. The company's stock had a trading volume of 584,715 shares, compared to its average volume of 817,586. The stock's 50-day moving average is $35.08 and its two-hundred day moving average is $39.30. Kodiak Gas Services, Inc. has a 52-week low of $24.84 and a 52-week high of $50.43. 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 capitalization of $3.22 billion, a P/E ratio of 125.11 and a beta of 1.59.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.42 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 business 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 company earned $0.39 earnings per share. The business's revenue was up 52.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.96%. This is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, May 5th. Kodiak Gas Services's dividend payout ratio is presently 339.62%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Mizuho lifted their target price on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Citigroup lifted their target price on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Barclays dropped their price target on shares of Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Royal Bank of Canada set a $45.00 price target on shares of Kodiak Gas Services and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Finally, Truist Financial lifted their target price on Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kodiak Gas Services has a consensus rating of "Moderate Buy" and a consensus target price of $41.45.

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.