Renaissance Technologies LLC Grows Stake in Kodiak Gas Services, Inc. (NYSE:KGS)

Renaissance Technologies LLC increased its stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 35.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 603,422 shares of the company's stock after purchasing an additional 159,500 shares during the quarter. Renaissance Technologies LLC owned approximately 0.69% of Kodiak Gas Services worth $24,638,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of KGS. GAMMA Investing LLC raised its stake in shares of Kodiak Gas Services by 94.7% in the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company's stock worth $29,000 after buying an additional 342 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in Kodiak Gas Services by 3.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company's stock valued at $371,000 after purchasing an additional 405 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of Kodiak Gas Services by 1.6% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company's stock worth $1,323,000 after purchasing an additional 500 shares during the period. Amalgamated Bank raised its position in shares of Kodiak Gas Services by 112.6% during the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company's stock valued at $45,000 after purchasing an additional 588 shares during the period. Finally, Transcendent Capital Group LLC bought a new stake in shares of Kodiak Gas Services during the 4th quarter valued at $49,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock traded up $0.59 during trading hours on Friday, reaching $34.42. The company's stock had a trading volume of 547,125 shares, compared to its average volume of 783,091. The firm has a 50 day moving average price of $38.11 and a 200-day moving average price of $38.80. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. Kodiak Gas Services, Inc. has a one year low of $24.84 and a one year high of $50.43. The stock has a market cap of $3.05 billion, a P/E ratio of 118.70 and a beta of 1.52.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.15). The firm had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. On average, analysts predict that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were issued a $0.41 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 4.76%. Kodiak Gas Services's payout ratio is 277.97%.

Analysts Set New Price Targets

A number of brokerages have issued reports on KGS. Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Citigroup upped their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Barclays reduced their price objective on shares of Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Raymond James restated an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Finally, Mizuho boosted their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $41.45.

Insider Buying and Selling

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $47.50, for a total value of $177,112,157.50. Following the transaction, the insider now owns 34,771,323 shares of the company's stock, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.27% of the stock is owned by corporate insiders.

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.