Deprince Race & Zollo Inc. Purchases New Position in Kodiak Gas Services, Inc. $KGS

Deprince Race & Zollo Inc. purchased a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 767,781 shares of the company’s stock, valued at approximately $28,385,000. Deprince Race & Zollo Inc. owned about 0.89% of Kodiak Gas Services as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of KGS. Allworth Financial LP lifted its holdings in shares of Kodiak Gas Services by 1,850.0% in the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after purchasing an additional 703 shares in the last quarter. Quarry LP purchased a new stake in Kodiak Gas Services in the 1st quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its stake in Kodiak Gas Services by 1,501.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after acquiring an additional 1,156 shares in the last quarter. Salem Investment Counselors Inc. bought a new position in Kodiak Gas Services during the 2nd quarter valued at $51,000. Finally, Fourth Dimension Wealth LLC purchased a new position in Kodiak Gas Services during the 2nd quarter worth $159,000. 24.95% of the stock is owned by hedge funds and other institutional investors.

Kodiak Gas Services Stock Down 0.9%

Kodiak Gas Services stock opened at $36.38 on Friday. The firm has a 50 day moving average price of $35.44 and a 200-day moving average price of $34.48. The company has a quick ratio of 0.69, a current ratio of 0.98 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 capitalization of $3.15 billion, a P/E ratio of 45.48 and a beta of 1.33.

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

Kodiak Gas Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were issued a $0.49 dividend. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.96 annualized dividend and a yield of 5.4%. Kodiak Gas Services’s payout ratio is 245.00%.

Analysts Set New Price Targets

Several brokerages have recently commented on KGS. Barclays lowered their target price on shares of Kodiak Gas Services from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Wall Street Zen lowered shares of Kodiak Gas Services from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Zacks Research cut shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Royal Bank Of Canada upped their target price on Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Finally, William Blair assumed coverage on Kodiak Gas Services in a research report on Tuesday, November 18th. They set an “outperform” rating for the company. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.29.

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.