Amalgamated Bank Purchases 16,814 Shares of Kodiak Gas Services, Inc. $KGS

Amalgamated Bank increased its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 1,082.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 18,368 shares of the company’s stock after acquiring an additional 16,814 shares during the period. Amalgamated Bank’s holdings in Kodiak Gas Services were worth $679,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KGS. Invesco Ltd. grew its stake in Kodiak Gas Services by 59.9% in the second quarter. Invesco Ltd. now owns 4,869,346 shares of the company’s stock worth $166,872,000 after purchasing an additional 1,824,407 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Kodiak Gas Services by 58.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock worth $73,979,000 after buying an additional 730,180 shares during the period. American Century Companies Inc. grew its position in shares of Kodiak Gas Services by 24.6% during the 2nd quarter. American Century Companies Inc. now owns 1,622,102 shares of the company’s stock worth $55,589,000 after buying an additional 320,022 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Kodiak Gas Services by 9.4% during the second quarter. Geode Capital Management LLC now owns 1,083,750 shares of the company’s stock valued at $37,143,000 after buying an additional 93,048 shares during the period. Finally, Deprince Race & Zollo Inc. purchased a new position in shares of Kodiak Gas Services during the third quarter valued at $28,385,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Stock Performance

KGS opened at $41.03 on Tuesday. 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 12-month low of $29.25 and a 12-month high of $50.43. The firm has a 50 day moving average of $36.47 and a two-hundred day moving average of $35.03. The firm has a market capitalization of $3.56 billion, a PE ratio of 51.29 and a beta of 1.31.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.14). The company had revenue of $322.74 million during the quarter, compared to analysts’ expectations of $328.23 million. Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) EPS. On average, analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KGS. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Mizuho raised their price objective on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Stifel Nicolaus set a $48.00 target price on shares of Kodiak Gas Services in a report on Thursday, November 6th. Finally, Zacks Research cut shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.83.

Kodiak Gas Services Company 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.