Deprince Race & Zollo Inc. Cuts Stock Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Deprince Race & Zollo Inc. decreased its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 76.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,935 shares of the company’s stock after selling 56,203 shares during the period. Deprince Race & Zollo Inc.’s holdings in Kodiak Gas Services were worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of KGS. Barclays PLC lifted its holdings in shares of Kodiak Gas Services by 209.3% during the 3rd quarter. Barclays PLC now owns 42,350 shares of the company’s stock valued at $1,228,000 after purchasing an additional 28,658 shares during the last quarter. Tidal Investments LLC purchased a new stake in Kodiak Gas Services in the third quarter valued at about $598,000. Franklin Resources Inc. acquired a new stake in Kodiak Gas Services in the third quarter worth about $1,242,000. JPMorgan Chase & Co. grew its stake in shares of Kodiak Gas Services by 55.6% during the third quarter. JPMorgan Chase & Co. now owns 110,425 shares of the company’s stock worth $3,202,000 after acquiring an additional 39,477 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after acquiring an additional 342 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Mizuho lifted their target price 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. Raymond James reissued an “outperform” rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Barclays cut their target price on Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Truist Financial lifted their price target on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada set a $45.00 price objective on Kodiak Gas Services and gave the company an “outperform” rating in a report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and an average price target of $41.45.

Kodiak Gas Services Stock Performance

KGS opened at $35.39 on Friday. The stock has a market cap of $3.14 billion, a P/E ratio of 122.04 and a beta of 1.59. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a fifty day moving average price of $35.24 and a 200 day moving average price of $39.12. Kodiak Gas Services, Inc. has a 1 year low of $24.84 and a 1 year high of $50.43.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Wednesday, May 7th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $329.64 million for the quarter, compared to analysts’ expectations of $328.45 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The company’s quarterly revenue was up 52.9% on a year-over-year basis. During the same period last year, the firm earned $0.39 EPS. Equities research analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.09%. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, May 5th. Kodiak Gas Services’s dividend payout ratio is presently 339.62%.

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.