King Luther Capital Management Corp Invests $293,000 in Kodiak Gas Services, Inc. (NYSE:KGS)

King Luther Capital Management Corp bought a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,750 shares of the company’s stock, valued at approximately $293,000.

A number of other institutional investors have also bought and sold shares of KGS. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Kodiak Gas Services in the 2nd quarter valued at about $913,000. Quantbot Technologies LP boosted its stake in Kodiak Gas Services by 345.3% during the first quarter. Quantbot Technologies LP now owns 45,403 shares of the company’s stock worth $1,241,000 after acquiring an additional 35,208 shares in the last quarter. Jennison Associates LLC bought a new stake in Kodiak Gas Services in the first quarter valued at $5,184,000. Public Employees Retirement System of Ohio acquired a new position in shares of Kodiak Gas Services during the first quarter valued at about $1,046,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Kodiak Gas Services during the 1st quarter worth about $11,544,000. Institutional investors own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

KGS has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on Kodiak Gas Services from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Royal Bank of Canada increased their target price on Kodiak Gas Services from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Barclays began coverage on shares of Kodiak Gas Services in a research note on Wednesday, July 17th. They set an “equal weight” rating and a $29.00 price target for the company. Redburn Atlantic initiated coverage on shares of Kodiak Gas Services in a research note on Thursday. They issued a “buy” rating and a $35.00 price objective on the stock. Finally, Bank of America began coverage on shares of Kodiak Gas Services in a research report on Wednesday, September 18th. They set a “buy” rating and a $30.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.78.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $29.58 on Monday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.05 and a quick ratio of 0.70. The firm has a 50-day moving average of $27.38 and a 200-day moving average of $27.12. Kodiak Gas Services, Inc. has a one year low of $16.72 and a one year high of $29.91. The company has a market cap of $2.49 billion, a P/E ratio of 33.61 and a beta of 0.89.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.29). Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. The firm had revenue of $309.65 million during the quarter, compared to analysts’ expectations of $313.88 million. Equities research analysts forecast that Kodiak Gas Services, Inc. will post 1.15 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were issued a dividend of $0.41 per share. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend was Monday, August 12th. Kodiak Gas Services’s dividend payout ratio (DPR) is 186.36%.

About Kodiak Gas Services

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.