Duff & Phelps Investment Management Co. Cuts Holdings in Kodiak Gas Services, Inc. $KGS

Duff & Phelps Investment Management Co. lowered its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 2.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 472,736 shares of the company’s stock after selling 12,224 shares during the quarter. Duff & Phelps Investment Management Co. owned 0.55% of Kodiak Gas Services worth $17,477,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in 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 acquiring an additional 4,126 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Kodiak Gas Services by 64.9% in the 1st quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock valued at $793,000 after purchasing an additional 8,369 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 purchasing an additional 8,297 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Kodiak Gas Services by 58.3% during the 1st 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 during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Kodiak Gas Services by 102.4% during the 1st 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. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Stock Up 0.5%

NYSE KGS opened at $56.75 on Thursday. The stock has a market cap of $4.87 billion, a PE ratio of 65.23 and a beta of 1.11. Kodiak Gas Services, Inc. has a fifty-two week low of $29.25 and a fifty-two week high of $58.50. The business has a 50 day moving average price of $45.76 and a two-hundred day moving average price of $38.91. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 2.12.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The firm had revenue of $332.87 million for the quarter, compared to analysts’ expectations of $330.95 million. During the same quarter in the prior year, the business earned $0.21 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, sell-side analysts predict that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.96 annualized dividend and a yield of 3.5%. Kodiak Gas Services’s payout ratio is 225.29%.

Analysts Set New Price Targets

Several research analysts recently commented on KGS shares. The Goldman Sachs Group raised their price target on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Royal Bank Of Canada boosted their price objective on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Mizuho increased their price objective on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Citigroup raised their target price on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.86.

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.