Jacobs Levy Equity Management Inc. Increases Stock Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Jacobs Levy Equity Management Inc. boosted its stake in Kodiak Gas Services, Inc. (NYSE:KGS) by 113.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 740,761 shares of the company’s stock after purchasing an additional 393,726 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Kodiak Gas Services were worth $30,245,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Kodiak Gas Services by 94.7% in the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after purchasing an additional 342 shares during the period. Comerica Bank grew its position 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 purchasing an additional 632 shares during the period. 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 period. Amalgamated Bank grew its position in Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock worth $45,000 after purchasing an additional 588 shares during the period. Finally, Transcendent Capital Group LLC bought a new stake in Kodiak Gas Services in the 4th quarter worth approximately $49,000. Institutional investors own 24.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KGS shares. Citigroup boosted their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Mizuho boosted their price objective on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Raymond James reissued an “outperform” rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Barclays cut 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 report on Wednesday, April 16th. Finally, Truist Financial boosted their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a research report 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.45.

Kodiak Gas Services Trading Up 0.3%

Shares of Kodiak Gas Services stock opened at $35.56 on Monday. The company has a market capitalization of $3.15 billion, a P/E ratio of 122.62 and a beta of 1.59. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The company has a fifty day moving average of $35.16 and a 200 day moving average of $39.27. Kodiak Gas Services, Inc. has a fifty-two week low of $24.84 and a fifty-two week high of $50.43.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. The company had revenue of $329.64 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, sell-side 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 business 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 represents a $1.80 annualized dividend and a yield of 5.06%. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.41. Kodiak Gas Services’s payout ratio is presently 339.62%.

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.