170,100 Shares in Kodiak Gas Services, Inc. (NYSE:KGS) Acquired by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 170,100 shares of the company’s stock, valued at approximately $3,416,000. Kayne Anderson Capital Advisors LP owned about 0.22% of Kodiak Gas Services at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Walleye Capital LLC purchased a new stake in Kodiak Gas Services in the 3rd quarter valued at $3,374,000. Vanguard Group Inc. boosted its stake in shares of Kodiak Gas Services by 504.9% during the third quarter. Vanguard Group Inc. now owns 967,799 shares of the company’s stock worth $17,304,000 after buying an additional 807,799 shares during the period. Boston Partners grew its holdings in shares of Kodiak Gas Services by 51.8% during the third quarter. Boston Partners now owns 91,998 shares of the company’s stock worth $1,645,000 after buying an additional 31,385 shares during the last quarter. Jump Financial LLC acquired a new position in Kodiak Gas Services in the 3rd quarter valued at about $1,252,000. Finally, Strs Ohio purchased a new stake in Kodiak Gas Services during the 3rd quarter valued at approximately $57,000. 24.95% of the stock is owned by institutional investors and hedge funds.

Kodiak Gas Services Stock Performance

Shares of NYSE KGS traded up $0.10 during midday trading on Thursday, hitting $28.08. The company had a trading volume of 100,103 shares, compared to its average volume of 437,383. The company has a quick ratio of 0.73, a current ratio of 1.10 and a debt-to-equity ratio of 1.57. The business has a 50-day simple moving average of $26.94 and a two-hundred day simple moving average of $22.66. Kodiak Gas Services, Inc. has a twelve month low of $15.05 and a twelve month high of $29.00.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $215.50 million for the quarter, compared to analyst estimates of $220.55 million. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Sell-side analysts predict that Kodiak Gas Services, Inc. will post 1.82 EPS for the current year.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Friday, May 10th.

Insider Activity

In other Kodiak Gas Services news, Director Margaret C. Montana acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were purchased at an average cost of $25.25 per share, with a total value of $50,500.00. Following the purchase, the director now owns 16,375 shares in the company, valued at $413,468.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KGS. The Goldman Sachs Group boosted their target price on Kodiak Gas Services from $27.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Raymond James boosted their price objective on shares of Kodiak Gas Services from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Kodiak Gas Services from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Kodiak Gas Services has a consensus rating of “Moderate Buy” and a consensus target price of $26.14.

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.