Kodiak Gas Services, Inc. (NYSE:KGS) Shares Purchased by Voloridge Investment Management LLC

Voloridge Investment Management LLC boosted its stake in Kodiak Gas Services, Inc. (NYSE:KGS) by 905.4% in the 4th quarter, Holdings Channel reports. The firm owned 423,730 shares of the company’s stock after buying an additional 381,585 shares during the quarter. Voloridge Investment Management LLC’s holdings in Kodiak Gas Services were worth $17,301,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Comerica Bank increased its holdings in Kodiak Gas Services by 710.1% in the 4th quarter. Comerica Bank now owns 721 shares of the company’s stock valued at $29,000 after purchasing an additional 632 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of 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 acquiring an additional 701 shares in the last quarter. Amalgamated Bank grew its stake in shares of Kodiak Gas Services by 112.6% during the fourth 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 stake in shares of Kodiak Gas Services during the fourth quarter valued at about $49,000. Finally, State of Wyoming acquired a new stake in shares of Kodiak Gas Services during the fourth quarter valued at about $57,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak Gas Services Stock Up 0.3%

NYSE:KGS opened at $34.32 on Friday. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 118.33 and a beta of 1.59. Kodiak Gas Services, Inc. has a one year low of $24.84 and a one year high of $50.43. The stock has a 50-day simple moving average of $35.04 and a 200 day simple moving average of $39.41. 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 (NYSE:KGS) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $329.64 million during the quarter, compared to the consensus estimate of $328.45 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The company’s revenue for the quarter was up 52.9% compared to the same quarter last year. During the same period last year, the firm earned $0.39 earnings per share. Sell-side analysts predict that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal 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 issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.80 dividend on an annualized basis and a yield of 5.25%. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.41. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 339.62%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KGS. Barclays lowered their target price on 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. Raymond James restated an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Mizuho lowered their target price on Kodiak Gas Services from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Tuesday. Royal Bank of Canada set a $45.00 target price on Kodiak Gas Services and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Finally, Truist Financial raised their target price on Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.55.

Kodiak Gas Services Company 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.