MetLife Investment Management LLC grew its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 66.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,760 shares of the company's stock after acquiring an additional 7,858 shares during the period. MetLife Investment Management LLC's holdings in Kodiak Gas Services were worth $807,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Kodiak Gas Services by 94.7% during the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company's stock valued at $29,000 after buying an additional 342 shares during the last quarter. Sterling Capital Management LLC grew its position 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 worth $31,000 after purchasing an additional 701 shares during the last quarter. Amalgamated Bank raised its stake in Kodiak Gas Services by 112.6% during the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company's stock valued at $45,000 after acquiring an additional 588 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in Kodiak Gas Services during the 4th quarter valued at about $49,000. Finally, Mendota Financial Group LLC bought a new position in Kodiak Gas Services during the 4th quarter valued at $122,000. Institutional investors and hedge funds own 24.95% of the company's stock.
Kodiak Gas Services Stock Down 0.7 %
Shares of NYSE KGS traded down $0.26 during mid-day trading on Friday, reaching $35.18. The company had a trading volume of 214,014 shares, compared to its average volume of 814,036. 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. The stock's 50 day moving average is $35.24 and its 200-day moving average is $39.12. The stock has a market capitalization of $3.12 billion, a PE ratio of 121.31 and a beta of 1.59.
Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 EPS 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 analyst estimates 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 quarterly revenue was up 52.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 EPS. As a group, equities analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.
Kodiak Gas Services Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend is Monday, May 5th. This is an increase from Kodiak Gas Services's previous quarterly dividend of $0.41. Kodiak Gas Services's dividend payout ratio (DPR) is 339.62%.
Analyst Ratings Changes
Several research firms recently commented on KGS. Barclays cut their target price 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. Truist Financial lifted their price target 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. Mizuho boosted their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Citigroup raised their target price on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Finally, Royal Bank of Canada set a $45.00 price target on shares of Kodiak Gas Services and gave the company an "outperform" rating in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $41.45.
Check Out Our Latest Stock Analysis on KGS
Kodiak Gas Services Profile
(
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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