Jacobs Levy Equity Management Inc. Acquires 393,726 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Jacobs Levy Equity Management Inc. lifted its stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 113.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 740,761 shares of the company's stock after acquiring an additional 393,726 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.85% of Kodiak Gas Services worth $30,245,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KGS. Tidal Investments LLC bought a new stake in Kodiak Gas Services during the third quarter valued at $598,000. Victory Capital Management Inc. boosted its stake in Kodiak Gas Services by 155.8% during the fourth quarter. Victory Capital Management Inc. now owns 262,329 shares of the company's stock valued at $10,711,000 after buying an additional 159,772 shares during the period. Bailard Inc. bought a new stake in Kodiak Gas Services during the fourth quarter valued at $363,000. Kestra Private Wealth Services LLC boosted its stake in Kodiak Gas Services by 57.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 18,634 shares of the company's stock valued at $761,000 after buying an additional 6,818 shares during the period. Finally, Franklin Resources Inc. bought a new stake in Kodiak Gas Services during the third quarter valued at $1,242,000. 24.95% of the stock is owned by institutional investors.

Kodiak Gas Services Stock Down 0.4%

Shares of KGS stock traded down $0.13 during midday trading on Friday, reaching $35.50. 920,422 shares of the stock were exchanged, compared to its average volume of 836,593. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The firm has a market cap of $3.15 billion, a PE ratio of 122.43 and a beta of 1.59. The company's 50 day moving average is $35.22 and its two-hundred day moving average is $39.37. Kodiak Gas Services, Inc. has a 1 year low of $24.84 and a 1 year high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its quarterly earnings results 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. 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 7.91% and a net margin of 2.23%. The firm's quarterly revenue was up 52.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 EPS. On average, equities research analysts predict that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a $0.45 dividend. The ex-dividend date was Monday, May 5th. This represents a $1.80 annualized dividend and a dividend yield of 5.07%. This is an increase from Kodiak Gas Services's previous quarterly dividend of $0.41. Kodiak Gas Services's dividend payout ratio is presently 339.62%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KGS. Royal Bank of Canada set a $45.00 price objective on Kodiak Gas Services and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Barclays dropped 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 note on Wednesday, April 16th. Truist Financial lifted their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Raymond James reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Finally, Mizuho lifted their price target on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Two research 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, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.