Seven Grand Managers LLC Buys 60,000 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Seven Grand Managers LLC lifted its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 42.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,000 shares of the company's stock after purchasing an additional 60,000 shares during the period. Kodiak Gas Services comprises 3.7% of Seven Grand Managers LLC's investment portfolio, making the stock its 10th biggest position. Seven Grand Managers LLC owned about 0.23% of Kodiak Gas Services worth $8,166,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Comerica Bank boosted its holdings in Kodiak Gas Services by 710.1% in the 4th quarter. Comerica Bank now owns 721 shares of the company's stock worth $29,000 after buying an additional 632 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of Kodiak Gas Services by 1,322.6% in the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock valued at $31,000 after acquiring an additional 701 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Kodiak Gas Services by 112.6% in the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company's stock worth $45,000 after acquiring an additional 588 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Kodiak Gas Services during the fourth quarter worth approximately $49,000. Finally, Summit Investment Advisors Inc. increased its position in shares of Kodiak Gas Services by 72.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,406 shares of the company's stock worth $139,000 after purchasing an additional 1,431 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Truist Financial lifted their target price on shares of 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 reissued an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Barclays dropped their price objective 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. Mizuho increased their price objective on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada set a $45.00 target price on shares of Kodiak Gas Services and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $41.45.

Kodiak Gas Services Price Performance

Shares of KGS stock opened at $35.63 on Friday. 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 company has a market capitalization of $3.16 billion, a PE ratio of 122.87 and a beta of 1.59. The firm's 50-day moving average is $35.21 and its two-hundred day moving average is $39.29. Kodiak Gas Services, Inc. has a 12 month low of $24.84 and a 12 month high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The business had revenue of $329.64 million during the quarter, compared to the consensus estimate of $328.45 million. During the same quarter last year, the firm earned $0.39 EPS. The business's revenue was up 52.9% compared to the same quarter last year. Analysts predict 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a dividend of $0.45 per share. This is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. The ex-dividend date was Monday, May 5th. This represents a $1.80 annualized dividend and a yield of 5.05%. Kodiak Gas Services's dividend payout ratio (DPR) 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.

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