Kodiak Gas Services, Inc. $KGS Position Boosted by Pier Capital LLC

Pier Capital LLC lifted its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 131.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,668 shares of the company’s stock after purchasing an additional 77,663 shares during the quarter. Pier Capital LLC owned about 0.16% of Kodiak Gas Services worth $5,053,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Invesco Ltd. grew its holdings in Kodiak Gas Services by 29.5% during the third quarter. Invesco Ltd. now owns 6,305,789 shares of the company’s stock worth $233,125,000 after acquiring an additional 1,436,443 shares during the period. Vanguard Group Inc. raised its position in Kodiak Gas Services by 41.3% in the third quarter. Vanguard Group Inc. now owns 4,611,188 shares of the company’s stock worth $170,476,000 after acquiring an additional 1,348,357 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Kodiak Gas Services by 19.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,593,033 shares of the company’s stock valued at $95,868,000 after acquiring an additional 418,227 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Kodiak Gas Services by 58.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock valued at $73,979,000 after acquiring an additional 730,180 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Kodiak Gas Services by 14.1% during the 3rd quarter. American Century Companies Inc. now owns 1,851,322 shares of the company’s stock valued at $68,443,000 after purchasing an additional 229,220 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on KGS shares. The Goldman Sachs Group raised their target price on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Royal Bank Of Canada increased their price objective on Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Mizuho raised their price objective on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Finally, Barclays lifted their target price on Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.86.

Kodiak Gas Services Stock Performance

Shares of Kodiak Gas Services stock opened at $54.26 on Friday. Kodiak Gas Services, Inc. has a 12 month low of $29.25 and a 12 month high of $58.50. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 2.12. The stock has a market cap of $4.66 billion, a PE ratio of 62.36 and a beta of 1.11. The business has a fifty day simple moving average of $46.10 and a 200-day simple moving average of $39.01.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The business had revenue of $332.87 million for the quarter, compared to analyst estimates of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share. On average, sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 225.29%.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.