Schonfeld Strategic Advisors LLC Sells 11,577 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Schonfeld Strategic Advisors LLC trimmed its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 26.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,800 shares of the company's stock after selling 11,577 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Kodiak Gas Services were worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Kodiak Gas Services by 94.7% in the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company's stock worth $29,000 after acquiring an additional 342 shares during the period. Sterling Capital Management LLC lifted its holdings in Kodiak Gas Services by 1,322.6% during 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. Amalgamated Bank boosted its stake in Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company's stock worth $45,000 after purchasing an additional 588 shares during the period. Transcendent Capital Group LLC purchased a new position in Kodiak Gas Services during the 4th quarter valued at about $49,000. Finally, Mendota Financial Group LLC purchased a new position in shares of Kodiak Gas Services during the 4th quarter valued at $122,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KGS has been the topic of a number of research analyst reports. Barclays decreased their target price on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Raymond James reissued an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Truist Financial raised 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 note on Tuesday, March 11th. Mizuho boosted their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Finally, 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 report on Tuesday, March 11th. Two 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, Kodiak Gas Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.45.

Kodiak Gas Services Stock Performance

Shares of KGS stock traded up $0.67 on Monday, reaching $36.33. The stock had a trading volume of 63,906 shares, compared to its average volume of 816,158. Kodiak Gas Services, Inc. has a 1 year low of $24.84 and a 1 year high of $50.43. The stock has a market cap of $3.22 billion, a P/E ratio of 125.16 and a beta of 1.59. 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 company has a 50 day simple moving average of $35.16 and a 200 day simple moving average of $39.27.

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 analysts' consensus estimates of $0.39 by $0.03. The company had revenue of $329.64 million for the quarter, compared to analysts' expectations of $328.45 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. Kodiak Gas Services's revenue for the quarter was up 52.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 EPS. Equities research analysts expect that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Increases Dividend

The business 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 is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. The ex-dividend date is Monday, May 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.96%. 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.