Deprince Race & Zollo Inc. Takes $28.39 Million Position in Kodiak Gas Services, Inc. $KGS

Deprince Race & Zollo Inc. purchased a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the third quarter, Holdings Channel reports. The institutional investor purchased 767,781 shares of the company’s stock, valued at approximately $28,385,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd raised its holdings in Kodiak Gas Services by 4.6% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 8,180 shares of the company’s stock valued at $280,000 after acquiring an additional 360 shares during the period. Captrust Financial Advisors grew its position in shares of Kodiak Gas Services by 2.7% in the second quarter. Captrust Financial Advisors now owns 16,925 shares of the company’s stock valued at $580,000 after purchasing an additional 448 shares in the last quarter. CWM LLC lifted its holdings in Kodiak Gas Services by 4.3% during the 2nd quarter. CWM LLC now owns 14,804 shares of the company’s stock worth $507,000 after purchasing an additional 608 shares in the last quarter. Allworth Financial LP lifted its holdings in Kodiak Gas Services by 1,850.0% during the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after purchasing an additional 703 shares in the last quarter. Finally, Quarry LP bought a new position in Kodiak Gas Services in the 1st quarter worth about $30,000. 24.95% of the stock is owned by institutional investors.

Kodiak Gas Services Trading Down 0.9%

Shares of KGS opened at $36.38 on Friday. Kodiak Gas Services, Inc. has a 1-year low of $29.25 and a 1-year high of $50.43. The company has a market capitalization of $3.15 billion, a P/E ratio of 45.48 and a beta of 1.33. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.98 and a quick ratio of 0.69. The firm’s 50 day simple moving average is $35.44 and its 200 day simple moving average is $34.48.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.14). The company had revenue of $322.74 million during the quarter, compared to analysts’ expectations of $328.23 million. Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.Kodiak Gas Services’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.07) EPS. Sell-side 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 company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were paid a $0.49 dividend. 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 5.4%. The ex-dividend date of this dividend was Monday, November 3rd. Kodiak Gas Services’s payout ratio is currently 245.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KGS shares. Barclays decreased their price target on Kodiak Gas Services from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Stifel Nicolaus set a $48.00 price objective on shares of Kodiak Gas Services in a research note on Thursday, November 6th. Wall Street Zen lowered shares of Kodiak Gas Services from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 22nd. Finally, Zacks Research lowered shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $44.29.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.