Boston Partners Makes New Investment in Kodiak Gas Services, Inc. $KGS

Boston Partners purchased a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,462 shares of the company’s stock, valued at approximately $1,729,000. Boston Partners owned approximately 0.06% of Kodiak Gas Services at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Allworth Financial LP lifted its stake in Kodiak Gas Services by 1,850.0% in the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after acquiring an additional 703 shares during the period. Quarry LP purchased a new position in Kodiak Gas Services during the 1st quarter valued at about $30,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Kodiak Gas Services in the 1st quarter valued at about $37,000. Salem Investment Counselors Inc. purchased a new stake in shares of Kodiak Gas Services in the 2nd quarter worth approximately $51,000. Finally, Covestor Ltd lifted its position in shares of Kodiak Gas Services by 33,700.0% in the 1st quarter. Covestor Ltd now owns 1,690 shares of the company’s stock worth $63,000 after purchasing an additional 1,685 shares during the period. 24.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KGS has been the topic of several research reports. Barclays cut their price objective on shares of Kodiak Gas Services from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Royal Bank Of Canada increased their target price on Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. William Blair assumed coverage on Kodiak Gas Services in a report on Tuesday, November 18th. They issued an “outperform” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, November 24th. Finally, Zacks Research downgraded Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.71.

Kodiak Gas Services Stock Up 0.8%

NYSE:KGS opened at $35.20 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 2.08. Kodiak Gas Services, Inc. has a twelve month low of $29.25 and a twelve month high of $50.43. The company has a market cap of $3.05 billion, a PE ratio of 44.00 and a beta of 1.33. The company’s 50 day moving average is $34.96 and its two-hundred day moving average is $34.33.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.14). The company had revenue of $322.74 million for the quarter, compared to analyst estimates of $328.23 million. Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. Analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services declared that its Board of Directors has authorized a share repurchase plan on Monday, August 11th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Kodiak Gas Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.96 dividend on an annualized basis and a yield of 5.6%. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.45. Kodiak Gas Services’s payout ratio is presently 245.00%.

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.