Marshall Wace LLP Makes New Investment in Kodiak Gas Services, Inc. (NYSE:KGS)

Marshall Wace LLP bought a new stake in shares of 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. The institutional investor bought 57,485 shares of the company’s stock, valued at approximately $1,567,000. Marshall Wace LLP owned 0.07% of Kodiak Gas Services as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its position in Kodiak Gas Services by 20.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,279,636 shares of the company’s stock valued at $25,695,000 after purchasing an additional 215,570 shares during the period. Blackstone Inc. lifted its holdings in shares of Kodiak Gas Services by 1,358.3% during the 1st quarter. Blackstone Inc. now owns 644,231 shares of the company’s stock valued at $17,613,000 after buying an additional 600,055 shares during the period. American Century Companies Inc. boosted its stake in shares of Kodiak Gas Services by 63.2% in the 2nd quarter. American Century Companies Inc. now owns 575,371 shares of the company’s stock worth $15,685,000 after buying an additional 222,830 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Kodiak Gas Services by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 542,281 shares of the company’s stock worth $14,783,000 after acquiring an additional 7,640 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Kodiak Gas Services during the first quarter valued at $11,544,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on KGS shares. Truist Financial raised their target price on Kodiak Gas Services from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Royal Bank of Canada boosted their price objective on Kodiak Gas Services from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Citigroup began coverage on shares of Kodiak Gas Services in a research note on Friday, September 27th. They set a “buy” rating and a $35.00 target price on the stock. Stifel Nicolaus upped their target price on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, Barclays assumed coverage on Kodiak Gas Services in a research note on Wednesday, July 17th. They issued an “equal weight” rating and a $29.00 price target for the company. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.45.

Kodiak Gas Services Trading Up 6.3 %

KGS stock opened at $32.50 on Friday. The firm has a market cap of $2.74 billion, a PE ratio of 36.93 and a beta of 0.89. The firm has a fifty day moving average price of $27.68 and a 200 day moving average price of $27.39. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.70 and a current ratio of 1.05. Kodiak Gas Services, Inc. has a fifty-two week low of $16.72 and a fifty-two week high of $32.60.

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

Kodiak Gas Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, August 12th. This is an increase 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 5.05%. Kodiak Gas Services’s dividend payout ratio is 186.36%.

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.