Kodiak Gas Services, Inc. $KGS Shares Purchased by Rhumbline Advisers

Rhumbline Advisers grew its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 126.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 179,160 shares of the company’s stock after buying an additional 100,194 shares during the period. Rhumbline Advisers’ holdings in Kodiak Gas Services were worth $6,624,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in KGS. Royal Bank of Canada boosted its position in shares of Kodiak Gas Services by 67.5% during the first quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock worth $382,000 after buying an additional 4,126 shares during the period. AQR Capital Management LLC raised its stake in Kodiak Gas Services by 64.9% during the 1st quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock valued at $793,000 after acquiring an additional 8,369 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Kodiak Gas Services by 44.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock worth $1,000,000 after acquiring an additional 8,297 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Kodiak Gas Services by 58.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock worth $73,979,000 after purchasing an additional 730,180 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Kodiak Gas Services by 102.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock worth $3,548,000 after purchasing an additional 48,122 shares in the last quarter. Institutional investors own 24.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Mizuho upped their price objective on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Stifel Nicolaus set a $48.00 price target on shares of Kodiak Gas Services in a research report on Thursday, November 6th. Zacks Research lowered shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Royal Bank Of Canada raised their price objective 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, Citigroup boosted their target price on Kodiak Gas Services from $48.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $50.50 on Monday. 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 moving average is $40.94 and its 200-day moving average is $37.07. Kodiak Gas Services, Inc. has a 12-month low of $29.25 and a 12-month high of $52.70. The stock has a market capitalization of $4.38 billion, a P/E ratio of 63.12 and a beta of 1.31.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were given a $0.49 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.96 annualized dividend and a yield of 3.9%. Kodiak Gas Services’s payout ratio is 245.00%.

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.