Schonfeld Strategic Advisors LLC Has $1.34 Million Stake in Kodiak Gas Services, Inc. (NYSE:KGS)

Schonfeld Strategic Advisors LLC cut its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of 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 acquiring an additional 342 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Kodiak Gas Services by 1,322.6% during the fourth 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 period. Amalgamated Bank increased its stake in Kodiak Gas Services by 112.6% in the fourth 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 Kodiak Gas Services in the fourth quarter worth $49,000. Finally, Mendota Financial Group LLC bought a new position in shares of Kodiak Gas Services during the fourth quarter worth $122,000. Institutional investors own 24.95% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KGS. Truist Financial raised their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Raymond James reiterated an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Citigroup increased their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Barclays cut their price objective 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. Finally, Royal Bank of Canada set a $45.00 target price on Kodiak Gas Services and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Kodiak Gas Services has a consensus rating of "Moderate Buy" and an average price target of $41.45.

Kodiak Gas Services Stock Performance

NYSE:KGS traded up $0.12 during mid-day trading on Friday, hitting $35.56. The stock had a trading volume of 777,871 shares, compared to its average volume of 817,302. The company's 50 day simple moving average is $35.16 and its 200 day simple moving average is $39.15. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 122.62 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. Kodiak Gas Services, Inc. has a twelve month low of $24.84 and a twelve month 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, beating analysts' consensus estimates of $0.39 by $0.03. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The business had revenue of $329.64 million for the quarter, compared to analysts' expectations of $328.45 million. During the same quarter in the prior year, the business earned $0.39 EPS. The firm's revenue for the quarter was up 52.9% on a year-over-year basis. On average, equities research analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be given a $0.45 dividend. This is an increase from Kodiak Gas Services's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.80 annualized dividend and a dividend yield of 5.06%. Kodiak Gas Services's dividend payout ratio is presently 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.