GSA Capital Partners LLP Sells 5,951 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

GSA Capital Partners LLP cut its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 20.4% in the first quarter, HoldingsChannel.com reports. The firm owned 23,168 shares of the company’s stock after selling 5,951 shares during the period. GSA Capital Partners LLP’s holdings in Kodiak Gas Services were worth $633,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC raised its holdings 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 in the last quarter. PNC Financial Services Group Inc. bought a new position in Kodiak Gas Services in the fourth quarter worth about $46,000. Exchange Traded Concepts LLC raised its holdings in Kodiak Gas Services by 12.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 21,436 shares of the company’s stock worth $430,000 after purchasing an additional 2,396 shares in the last quarter. Tortoise Index Solutions LLC raised its holdings in Kodiak Gas Services by 12.9% in the fourth quarter. Tortoise Index Solutions LLC now owns 21,488 shares of the company’s stock worth $431,000 after purchasing an additional 2,448 shares in the last quarter. Finally, Parallel Advisors LLC bought a new position in Kodiak Gas Services in the fourth quarter worth about $60,000. 24.95% of the stock is currently owned by institutional investors.

Kodiak Gas Services Price Performance

Shares of NYSE KGS opened at $27.35 on Friday. The business’s 50 day moving average price is $27.01 and its 200 day moving average price is $25.59. The firm has a market cap of $2.31 billion and a P/E ratio of 31.08. Kodiak Gas Services, Inc. has a 52 week low of $15.85 and a 52 week high of $29.43. The company has a quick ratio of 0.76, a current ratio of 1.11 and a debt-to-equity ratio of 1.60.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Wednesday, May 8th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $215.50 million for the quarter, compared to analyst estimates of $220.55 million. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, sell-side analysts expect that Kodiak Gas Services, Inc. will post 1.81 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.52 annualized dividend and a yield of 5.56%. Kodiak Gas Services’s dividend payout ratio is presently 172.73%.

Analysts Set New Price Targets

KGS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Kodiak Gas Services from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Raymond James boosted their price target on Kodiak Gas Services from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. The Goldman Sachs Group boosted their price target on Kodiak Gas Services from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Truist Financial boosted their price target on Kodiak Gas Services from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Royal Bank of Canada boosted their price target on Kodiak Gas Services from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, May 20th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.