PDT Partners LLC Boosts Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

PDT Partners LLC increased its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 206.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,800 shares of the company's stock after acquiring an additional 22,761 shares during the quarter. PDT Partners LLC's holdings in Kodiak Gas Services were worth $1,380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KGS. Barclays PLC grew its position in Kodiak Gas Services by 209.3% during the 3rd quarter. Barclays PLC now owns 42,350 shares of the company's stock worth $1,228,000 after purchasing an additional 28,658 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Kodiak Gas Services during the third quarter worth about $598,000. Franklin Resources Inc. purchased a new stake in Kodiak Gas Services in the third quarter valued at approximately $1,242,000. B. Riley Wealth Advisors Inc. increased its holdings in Kodiak Gas Services by 3.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company's stock worth $371,000 after buying an additional 405 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in shares of Kodiak Gas Services in the 3rd quarter valued at $610,000. Hedge funds and other institutional investors own 24.95% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on KGS shares. Barclays decreased 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 report on Wednesday, April 16th. Truist Financial upped their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Raymond James reiterated an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Finally, Mizuho boosted their price objective 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 investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.45.

Kodiak Gas Services Trading Down 0.1 %

Shares of KGS stock traded down $0.03 on Tuesday, hitting $34.13. The stock had a trading volume of 303,885 shares, compared to its average volume of 804,191. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a market capitalization of $3.03 billion, a P/E ratio of 118.09 and a beta of 1.59. The company's 50 day moving average price is $35.69 and its 200-day moving average price is $39.16. 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 announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.15). The company had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. Analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, May 5th. This is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a yield of 5.27%. Kodiak Gas Services's dividend payout ratio (DPR) is currently 305.08%.

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.