Louisiana State Employees Retirement System Takes $1.12 Million Position in Kodiak Gas Services, Inc. $KGS

Louisiana State Employees Retirement System acquired a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 30,300 shares of the company’s stock, valued at approximately $1,120,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KGS. Allworth Financial LP grew its holdings in Kodiak Gas Services by 1,850.0% during the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after buying an additional 703 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Kodiak Gas Services by 1,501.3% during the 2nd 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. Salem Investment Counselors Inc. bought a new stake in shares of Kodiak Gas Services in the 2nd quarter worth $51,000. Amplify Investments LLC raised its holdings in shares of 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 last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Kodiak Gas Services during the second quarter valued at about $159,000. 24.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KGS shares. Royal Bank Of Canada upped 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 report on Tuesday, November 18th. Zacks Research lowered Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Barclays upgraded Kodiak Gas Services from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $35.00 to $42.00 in a research note on Tuesday. Finally, Mizuho lowered their target price on Kodiak Gas Services from $47.00 to $44.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 3rd. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Kodiak Gas Services presently has an average rating of “Moderate Buy” and an average target price of $44.83.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $36.84 on Wednesday. Kodiak Gas Services, Inc. has a 1 year low of $29.25 and a 1 year high of $50.43. 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 stock’s fifty day moving average price is $35.60 and its two-hundred day moving average price is $34.69. The firm has a market cap of $3.19 billion, a PE ratio of 46.05 and a beta of 1.31.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data 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). Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.The firm had revenue of $322.74 million during the quarter, compared to analysts’ expectations of $328.23 million. During the same period last year, the business posted ($0.07) EPS. The company’s revenue was down .6% compared to the same quarter last year. On average, equities research analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 3rd were paid a $0.49 dividend. The ex-dividend date was Monday, November 3rd. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.45. This represents a $1.96 annualized dividend and a dividend yield of 5.3%. Kodiak Gas Services’s dividend 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.