Kodiak Gas Services, Inc. (NYSE:KGS) Stock Position Raised by HWG Holdings LP

HWG Holdings LP grew its stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 5,435.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,932 shares of the company's stock after purchasing an additional 79,470 shares during the quarter. HWG Holdings LP owned approximately 0.10% of Kodiak Gas Services worth $2,347,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of KGS. Security National Bank acquired a new stake in Kodiak Gas Services during the second quarter worth about $39,000. PNC Financial Services Group Inc. acquired a new stake in Kodiak Gas Services during the fourth quarter worth about $46,000. nVerses Capital LLC raised its stake in Kodiak Gas Services by 90.9% during the second quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock worth $57,000 after acquiring an additional 1,000 shares during the period. SG Americas Securities LLC acquired a new stake in Kodiak Gas Services during the third quarter worth about $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Kodiak Gas Services by 115.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company's stock worth $155,000 after acquiring an additional 3,045 shares during the period. Institutional investors and hedge funds own 24.95% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays upped their target price on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. Bank of America assumed coverage on shares of Kodiak Gas Services in a research report on Wednesday, September 18th. They issued a "buy" rating and a $30.00 target price for the company. Mizuho assumed coverage on shares of Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $36.00 target price for the company. Royal Bank of Canada upped their target price on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Finally, Citigroup assumed coverage on shares of Kodiak Gas Services in a research report on Friday, September 27th. They issued a "buy" rating and a $35.00 target price for the company. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.09.

Kodiak Gas Services Price Performance

NYSE:KGS traded up $0.66 during trading hours on Friday, reaching $31.36. 545,736 shares of the company's stock were exchanged, compared to its average volume of 644,402. The company has a market capitalization of $2.65 billion, a P/E ratio of 49.00 and a beta of 0.89. Kodiak Gas Services, Inc. has a 12 month low of $16.72 and a 12 month high of $32.77. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.70. The business's 50-day simple moving average is $28.78 and its two-hundred day simple moving average is $27.78.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its earnings results on Monday, August 12th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.29). The business had revenue of $309.65 million for the quarter, compared to the consensus estimate of $313.88 million. Kodiak Gas Services had a return on equity of 7.20% and a net margin of 5.23%. Sell-side analysts expect that Kodiak Gas Services, Inc. will post 1.15 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, November 1st will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date of this dividend is Friday, November 1st. Kodiak Gas Services's payout ratio is 256.25%.

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.