34,000 Shares in Kodiak Gas Services, Inc. $KGS Acquired by HighVista Strategies LLC

HighVista Strategies LLC bought a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 34,000 shares of the company’s stock, valued at approximately $1,165,000.

Other hedge funds also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd lifted its stake in shares of Kodiak Gas Services by 4.6% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 8,180 shares of the company’s stock valued at $280,000 after purchasing an additional 360 shares during the last quarter. CWM LLC raised its holdings in Kodiak Gas Services by 4.3% during the second quarter. CWM LLC now owns 14,804 shares of the company’s stock valued at $507,000 after buying an additional 608 shares in the last quarter. Allworth Financial LP lifted its position in shares of Kodiak Gas Services by 1,850.0% in the second 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. Quarry LP acquired a new stake in shares of Kodiak Gas Services in the first quarter worth about $30,000. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Kodiak Gas Services by 20.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,511 shares of the company’s stock worth $189,000 after acquiring an additional 952 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Price Performance

Kodiak Gas Services stock opened at $37.39 on Thursday. The business has a 50 day simple moving average of $34.93 and a 200 day simple moving average of $34.39. 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 company has a market capitalization of $3.24 billion, a PE ratio of 46.74 and a beta of 1.33. Kodiak Gas Services, Inc. has a one year low of $29.25 and a one year high of $50.43.

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). 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 analyst estimates of $328.23 million. During the same quarter last year, the firm earned ($0.07) earnings per share. Kodiak Gas Services’s quarterly revenue was down .6% on a year-over-year basis. On average, sell-side analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.49 per share. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.45. This represents a $1.96 annualized dividend and a yield of 5.2%. The ex-dividend date was Monday, November 3rd. Kodiak Gas Services’s dividend payout ratio is presently 245.00%.

Wall Street Analyst Weigh In

Several equities analysts have commented on KGS shares. Zacks Research downgraded Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday. Mizuho cut their target price on shares of Kodiak Gas Services from $47.00 to $44.00 and set an “outperform” rating for the company in a research report on Wednesday, December 3rd. William Blair started coverage on Kodiak Gas Services in a research note on Tuesday, November 18th. They issued an “outperform” rating on the stock. Finally, Royal Bank Of Canada lifted their price target on Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $44.29.

About Kodiak Gas Services

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.