HWG Holdings LP Acquires 79,470 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

HWG Holdings LP grew its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 5,435.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 80,932 shares of the company’s stock after purchasing an additional 79,470 shares during the quarter. HWG Holdings LP’s holdings in Kodiak Gas Services were worth $2,347,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KGS. Quadrature Capital Ltd lifted its stake in Kodiak Gas Services by 3.4% in the 1st quarter. Quadrature Capital Ltd now owns 27,642 shares of the company’s stock worth $756,000 after purchasing an additional 906 shares in the last quarter. nVerses Capital LLC increased its holdings in shares of Kodiak Gas Services by 90.9% in the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after purchasing an additional 1,000 shares during the last quarter. Wellington Shields & Co. LLC lifted its position in shares of Kodiak Gas Services by 16.7% in the second quarter. Wellington Shields & Co. LLC now owns 7,000 shares of the company’s stock worth $191,000 after buying an additional 1,000 shares in the last quarter. Dark Forest Capital Management LP boosted its stake in Kodiak Gas Services by 5.9% during the second quarter. Dark Forest Capital Management LP now owns 20,894 shares of the company’s stock valued at $570,000 after buying an additional 1,164 shares during the last quarter. Finally, Security National Bank purchased a new position in Kodiak Gas Services during the 2nd quarter valued at approximately $39,000. Institutional investors own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KGS. Truist Financial upped their price objective on Kodiak Gas Services from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Mizuho initiated coverage on shares of Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price target on the stock. Redburn Atlantic initiated coverage on shares of Kodiak Gas Services in a research report on Thursday, September 19th. They set a “buy” rating and a $35.00 price objective for the company. Barclays boosted their target price on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Finally, Bank of America initiated coverage on shares of Kodiak Gas Services in a research report on Wednesday, September 18th. They set a “buy” rating and a $30.00 target price on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Kodiak Gas Services currently has an average rating of “Moderate Buy” and an average target price of $33.09.

Kodiak Gas Services Price Performance

KGS stock opened at $30.70 on Friday. The stock has a market cap of $2.59 billion, a PE ratio of 34.89 and a beta of 0.89. Kodiak Gas Services, Inc. has a 12 month low of $16.72 and a 12 month high of $32.77. The company has a 50-day moving average price of $28.78 and a 200 day moving average price of $27.78. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.70.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Monday, August 12th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. The business had revenue of $309.65 million for the quarter, compared to the consensus estimate of $313.88 million. Equities research analysts anticipate that Kodiak Gas Services, Inc. will post 1.15 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, November 1st will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.64 dividend on an annualized basis and a yield of 5.34%. Kodiak Gas Services’s payout ratio is 186.36%.

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.