Amalgamated Bank Increases Holdings in Kodiak Gas Services, Inc. $KGS

Amalgamated Bank lifted its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 1,082.0% in the third quarter, HoldingsChannel reports. The firm owned 18,368 shares of the company’s stock after buying an additional 16,814 shares during the period. Amalgamated Bank’s holdings in Kodiak Gas Services were worth $679,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP increased its holdings in shares of 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 buying an additional 703 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Kodiak Gas Services by 1,501.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after acquiring an additional 1,156 shares during the last quarter. Amplify Investments LLC raised its position in Kodiak Gas Services by 35.7% in the third quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock valued at $98,000 after purchasing an additional 700 shares during the period. Salem Investment Counselors Inc. lifted its stake in shares of Kodiak Gas Services by 100.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 3,000 shares of the company’s stock valued at $111,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Kodiak Gas Services in the 2nd quarter valued at $159,000. 24.95% of the stock is owned by hedge funds and other institutional investors.

Kodiak Gas Services Stock Performance

Shares of Kodiak Gas Services stock opened at $41.03 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 2.08. Kodiak Gas Services, Inc. has a 52 week low of $29.25 and a 52 week high of $50.43. The firm’s 50 day moving average is $36.47 and its two-hundred day moving average is $35.03. The firm has a market capitalization of $3.56 billion, a P/E ratio of 51.29 and a beta of 1.31.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KGS. Zacks Research cut shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Mizuho boosted their price objective on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Finally, Stifel Nicolaus set a $48.00 target price on Kodiak Gas Services in a report on Thursday, November 6th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.83.

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