Hotchkis & Wiley Capital Management LLC purchased a new stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 335,910 shares of the company's stock, valued at approximately $9,741,000. Hotchkis & Wiley Capital Management LLC owned approximately 0.38% of Kodiak Gas Services at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Shields & Co. LLC boosted its position in Kodiak Gas Services by 16.7% during the 2nd quarter. Wellington Shields & Co. LLC now owns 7,000 shares of the company's stock worth $191,000 after acquiring an additional 1,000 shares during the last quarter. nVerses Capital LLC lifted its position in Kodiak Gas Services by 90.9% during the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock worth $57,000 after buying an additional 1,000 shares in the last quarter. Dark Forest Capital Management LP boosted its stake in shares of Kodiak Gas Services by 5.9% during the 2nd quarter. Dark Forest Capital Management LP now owns 20,894 shares of the company's stock worth $570,000 after buying an additional 1,164 shares during the last quarter. Security National Bank bought a new position in shares of Kodiak Gas Services in the 2nd quarter valued at about $39,000. Finally, HWG Holdings LP acquired a new stake in shares of Kodiak Gas Services in the second quarter valued at about $40,000. 24.95% of the stock is owned by institutional investors and hedge funds.
Kodiak Gas Services Stock Performance
KGS traded up $1.16 during trading on Thursday, hitting $41.86. The stock had a trading volume of 518,010 shares, compared to its average volume of 541,358. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The company has a 50 day moving average price of $34.09 and a 200-day moving average price of $29.60. Kodiak Gas Services, Inc. has a one year low of $17.52 and a one year high of $42.02. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 141.73 and a beta of 1.14.
Kodiak Gas Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.92%. Kodiak Gas Services's dividend payout ratio (DPR) is presently 565.54%.
Insider Buying and Selling
In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the transaction, the insider now directly owns 31,745 shares of the company's stock, valued at $1,284,085.25. The trade was a 8.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. Bank of America started coverage on Kodiak Gas Services in a research note on Wednesday, September 18th. They issued a "buy" rating and a $30.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the stock a "neutral" rating in a research report on Friday, November 29th. Redburn Atlantic initiated coverage on shares of Kodiak Gas Services in a research report on Thursday, September 19th. They issued a "buy" rating and a $35.00 price objective for the company. Barclays raised their target price on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the company an "equal weight" rating in a research note on Monday, October 7th. Finally, Mizuho began coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $36.00 price target on the stock. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $37.09.
Read Our Latest Stock Report on Kodiak Gas Services
About Kodiak Gas Services
(
Free Report)
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.
See Also
Before you consider Kodiak Gas Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kodiak Gas Services wasn't on the list.
While Kodiak Gas Services currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
