Goldman Sachs Group Inc. Buys 215,570 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Goldman Sachs Group Inc. raised its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 20.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,279,636 shares of the company’s stock after acquiring an additional 215,570 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.65% of Kodiak Gas Services worth $25,695,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tortoise Index Solutions LLC increased its stake in shares of Kodiak Gas Services by 12.9% in the fourth quarter. Tortoise Index Solutions LLC now owns 21,488 shares of the company’s stock valued at $431,000 after buying an additional 2,448 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of Kodiak Gas Services in the fourth quarter valued at $60,000. TSA Wealth Managment LLC acquired a new stake in shares of Kodiak Gas Services in the fourth quarter valued at $624,000. Boston Partners increased its position in Kodiak Gas Services by 9.5% in the fourth quarter. Boston Partners now owns 100,767 shares of the company’s stock worth $2,023,000 after purchasing an additional 8,769 shares during the period. Finally, Counterpoint Mutual Funds LLC increased its position in Kodiak Gas Services by 8.4% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 13,992 shares of the company’s stock worth $281,000 after purchasing an additional 1,086 shares during the period. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak Gas Services Price Performance

Kodiak Gas Services stock opened at $26.74 on Tuesday. Kodiak Gas Services, Inc. has a 1 year low of $15.05 and a 1 year high of $29.43. The company has a current ratio of 1.11, a quick ratio of 0.76 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $2.25 billion and a P/E ratio of 30.38. The business has a 50-day moving average of $27.02 and a 200-day moving average of $24.83.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. Kodiak Gas Services had a return on equity of 7.33% and a net margin of 7.15%. The business had revenue of $215.50 million for the quarter, compared to analysts’ expectations of $220.55 million. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities analysts anticipate that Kodiak Gas Services, Inc. will post 1.81 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 13th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 5.69%. The ex-dividend date was Friday, May 10th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 172.73%.

Analysts Set New Price Targets

A number of analysts recently commented on KGS shares. JPMorgan Chase & Co. lifted their price objective on Kodiak Gas Services from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Truist Financial lifted their price objective on Kodiak Gas Services from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Raymond James lifted their price objective on Kodiak Gas Services from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. The Goldman Sachs Group lifted their price objective on Kodiak Gas Services from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada lifted their price objective on Kodiak Gas Services from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $28.14.

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.