Kodiak Gas Services, Inc. $KGS Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. trimmed its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 472,736 shares of the company’s stock after selling 12,224 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Kodiak Gas Services were worth $17,477,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Royal Bank of Canada boosted its holdings in Kodiak Gas Services by 67.5% in the first quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock valued at $382,000 after purchasing an additional 4,126 shares during the last quarter. AQR Capital Management LLC increased its holdings in Kodiak Gas Services by 64.9% during the 1st quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock worth $793,000 after purchasing an additional 8,369 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Kodiak Gas Services by 44.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock worth $1,000,000 after purchasing an additional 8,297 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of 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 purchasing an additional 730,180 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Kodiak Gas Services by 102.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock valued at $3,548,000 after purchasing an additional 48,122 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Price Performance

Shares of KGS opened at $56.75 on Thursday. Kodiak Gas Services, Inc. has a 52 week low of $29.25 and a 52 week high of $58.50. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 2.12. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 65.23 and a beta of 1.11. The stock has a 50 day moving average of $45.76 and a 200-day moving average of $38.91.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.13). Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The firm had revenue of $332.87 million for the quarter, compared to analyst estimates of $330.95 million. During the same period in the prior year, the company posted $0.21 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis. As a group, analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were paid a dividend of $0.49 per share. The ex-dividend date was Friday, February 13th. This represents a $1.96 annualized dividend and a yield of 3.5%. Kodiak Gas Services’s payout ratio is presently 225.29%.

Analyst Upgrades and Downgrades

KGS has been the subject of several research analyst reports. The Goldman Sachs Group increased their target price on Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Barclays upped their price target on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Zacks Research downgraded shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Royal Bank Of Canada raised their price objective on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. Finally, William Blair started coverage on shares of Kodiak Gas Services in a research report on Tuesday, November 18th. They issued an “outperform” rating for the company. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.86.

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