Kodiak Gas Services, Inc. (NYSE:KGS) Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. reduced its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 76.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,935 shares of the company’s stock after selling 56,203 shares during the period. Deprince Race & Zollo Inc.’s holdings in Kodiak Gas Services were worth $691,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Eagle Global Advisors LLC boosted its stake in shares of Kodiak Gas Services by 16.7% in the fourth quarter. Eagle Global Advisors LLC now owns 350,000 shares of the company’s stock worth $14,290,000 after acquiring an additional 50,000 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in Kodiak Gas Services during the 4th quarter worth $694,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Kodiak Gas Services during the fourth quarter worth $948,000. Blackstone Inc. acquired a new stake in shares of Kodiak Gas Services in the fourth quarter valued at about $20,230,000. Finally, Captrust Financial Advisors lifted its stake in shares of Kodiak Gas Services by 20.6% in the fourth quarter. Captrust Financial Advisors now owns 15,753 shares of the company’s stock worth $643,000 after buying an additional 2,692 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KGS shares. Truist Financial upped their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Raymond James restated an “outperform” rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Barclays lowered their price objective on Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Citigroup raised their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada set a $45.00 price target on shares of Kodiak Gas Services and gave the company an “outperform” rating in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.45.

Kodiak Gas Services Price Performance

Kodiak Gas Services stock opened at $35.39 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 122.04 and a beta of 1.59. The company’s 50 day simple moving average is $35.24 and its 200-day simple moving average is $39.12. Kodiak Gas Services, Inc. has a 1 year low of $24.84 and a 1 year high of $50.43.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The company had revenue of $329.64 million for the quarter, compared to analysts’ expectations of $328.45 million. During the same period in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue was up 52.9% compared to the same quarter last year. As a group, equities research analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.09%. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, May 5th. Kodiak Gas Services’s dividend payout ratio (DPR) is 339.62%.

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.