Pier Capital LLC Has $5.05 Million Stock Holdings in Kodiak Gas Services, Inc. $KGS

Pier Capital LLC grew its stake in Kodiak Gas Services, Inc. (NYSE:KGS) by 131.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,668 shares of the company’s stock after buying an additional 77,663 shares during the period. Pier Capital LLC’s holdings in Kodiak Gas Services were worth $5,053,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Invesco Ltd. raised its position in shares of Kodiak Gas Services by 59.9% in the second quarter. Invesco Ltd. now owns 4,869,346 shares of the company’s stock valued at $166,872,000 after purchasing an additional 1,824,407 shares during the period. Vanguard Group Inc. lifted its stake in shares of Kodiak Gas Services by 41.3% in the third quarter. Vanguard Group Inc. now owns 4,611,188 shares of the company’s stock worth $170,476,000 after buying an additional 1,348,357 shares during the last quarter. Deprince Race & Zollo Inc. bought a new stake in shares of Kodiak Gas Services during the 3rd quarter worth $28,385,000. Goldman Sachs Group Inc. boosted 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 buying an additional 730,180 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kodiak Gas Services by 2,201.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 617,151 shares of the company’s stock valued at $21,150,000 after buying an additional 590,337 shares during the last quarter. Institutional investors own 24.95% of the company’s stock.

Analysts Set New Price Targets

KGS has been the topic of several research analyst reports. The Goldman Sachs Group raised their price target on Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. William Blair began coverage on Kodiak Gas Services in a research report on Tuesday, November 18th. They set an “outperform” rating for the company. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Mizuho raised their target price 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, Barclays lifted their price target on Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $51.86.

Kodiak Gas Services Trading Down 4.3%

Shares of Kodiak Gas Services stock opened at $54.26 on Friday. Kodiak Gas Services, Inc. has a 52-week low of $29.25 and a 52-week high of $58.50. The firm has a market capitalization of $4.66 billion, a PE ratio of 62.36 and a beta of 1.11. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57. The company’s fifty day moving average price is $46.10 and its two-hundred day moving average price is $39.01.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.13). Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The business had revenue of $332.87 million during the quarter, compared to analyst estimates of $330.95 million. During the same period last year, the company earned $0.21 EPS. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, analysts expect that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services’s dividend payout ratio is presently 225.29%.

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