Kayne Anderson Capital Advisors LP acquired a new position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 170,100 shares of the company's stock, valued at approximately $3,416,000. Kayne Anderson Capital Advisors LP owned about 0.22% of Kodiak Gas Services as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Amalgamated Bank purchased a new stake in Kodiak Gas Services during the 3rd quarter worth approximately $32,000. Barclays PLC acquired a new stake in Kodiak Gas Services in the 3rd quarter worth about $53,000. Strs Ohio purchased a new stake in Kodiak Gas Services during the 3rd quarter worth approximately $57,000. New York State Common Retirement Fund purchased a new position in shares of Kodiak Gas Services in the third quarter valued at approximately $59,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Kodiak Gas Services in the fourth quarter worth approximately $127,000. 24.95% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on KGS shares. The Goldman Sachs Group lifted their target price on shares of Kodiak Gas Services from $27.00 to $31.00 and gave the stock a "buy" rating in a research note on Wednesday, April 10th. Raymond James increased their price objective on shares of Kodiak Gas Services from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. boosted their price objective on Kodiak Gas Services from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $26.14.
Read Our Latest Stock Report on KGS
Kodiak Gas Services Stock Performance
Shares of KGS stock traded up $0.28 during trading on Thursday, hitting $28.26. 547,602 shares of the stock traded hands, compared to its average volume of 442,494. Kodiak Gas Services, Inc. has a 52-week low of $15.05 and a 52-week high of $29.00. The company has a quick ratio of 0.73, a current ratio of 1.10 and a debt-to-equity ratio of 1.57. The firm's fifty day moving average price is $27.00 and its 200-day moving average price is $22.70.
Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. The business had revenue of $215.50 million for the quarter, compared to analyst estimates of $220.55 million. Kodiak Gas Services's revenue for the quarter was up 13.4% on a year-over-year basis. Analysts anticipate that Kodiak Gas Services, Inc. will post 1.82 earnings per share for the current year.
Kodiak Gas Services Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date is Friday, May 10th.
Insiders Place Their Bets
In other news, Director Margaret C. Montana bought 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The shares were purchased at an average price of $25.25 per share, with a total value of $50,500.00. Following the purchase, the director now owns 16,375 shares in the company, valued at $413,468.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by insiders.
About Kodiak Gas Services
(
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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