Boston Partners Takes $1.73 Million Position in Kodiak Gas Services, Inc. $KGS

Boston Partners acquired a new position in Kodiak Gas Services, Inc. (NYSE:KGS) during the second quarter, Holdings Channel.com reports. The firm acquired 50,462 shares of the company’s stock, valued at approximately $1,729,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in Kodiak Gas Services by 1,850.0% in the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after purchasing an additional 703 shares during the last quarter. Quarry LP purchased a new position in shares of Kodiak Gas Services during the 1st quarter valued at about $30,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Kodiak Gas Services during the 1st quarter valued at about $37,000. Salem Investment Counselors Inc. acquired a new position in shares of Kodiak Gas Services in the 2nd quarter valued at about $51,000. Finally, Covestor Ltd lifted its holdings in shares of Kodiak Gas Services by 33,700.0% in the 1st quarter. Covestor Ltd now owns 1,690 shares of the company’s stock valued at $63,000 after buying an additional 1,685 shares during the period. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Mizuho lifted their price target on Kodiak Gas Services from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. William Blair assumed coverage on shares of Kodiak Gas Services in a research note on Tuesday, November 18th. They set an “outperform” rating on the stock. Barclays cut their target price on shares of Kodiak Gas Services from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Royal Bank Of Canada boosted their target price on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, November 24th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.71.

Kodiak Gas Services Stock Up 0.8%

Shares of KGS opened at $35.20 on Monday. The stock has a 50 day moving average price of $34.96 and a 200 day moving average price of $34.33. Kodiak Gas Services, Inc. has a one year low of $29.25 and a one year high of $50.43. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 44.00 and a beta of 1.33.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.14). Kodiak Gas Services had a net margin of 5.84% and a return on equity of 10.37%. The firm had revenue of $322.74 million during the quarter, compared to analysts’ expectations of $328.23 million. During the same quarter in the previous year, the business posted ($0.07) EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were given a dividend of $0.49 per share. The ex-dividend date was Monday, November 3rd. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.45. This represents a $1.96 dividend on an annualized basis and a yield of 5.6%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 245.00%.

Kodiak Gas Services announced that its Board of Directors has initiated a stock repurchase plan on Monday, August 11th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to buy up to 1.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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.