Voya Investment Management LLC Invests $300,000 in Kodiak Gas Services, Inc. (NYSE:KGS)

Voya Investment Management LLC acquired a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,355 shares of the company’s stock, valued at approximately $300,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its position 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 buying an additional 342 shares during the period. Sterling Capital Management LLC increased its stake in Kodiak Gas Services by 1,322.6% in the 4th quarter. Sterling Capital Management LLC now owns 754 shares of the company’s stock valued at $31,000 after buying an additional 701 shares during the last quarter. Amalgamated Bank increased its stake in Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock valued at $45,000 after buying an additional 588 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in Kodiak Gas Services in the 4th quarter valued at $49,000. Finally, Mendota Financial Group LLC acquired a new stake in Kodiak Gas Services in the 4th quarter valued at $122,000. 24.95% of the stock is owned by institutional investors and hedge funds.

Kodiak Gas Services Stock Performance

Shares of NYSE KGS opened at $35.56 on Monday. 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 stock’s fifty day moving average price is $35.16 and its two-hundred day moving average price is $39.27. Kodiak Gas Services, Inc. has a one year low of $24.84 and a one year high of $50.43. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 122.62 and a beta of 1.59.

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

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.06%. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, May 5th. Kodiak Gas Services’s payout ratio is presently 339.62%.

Analyst Upgrades and Downgrades

KGS has been the topic of several recent research reports. Citigroup lifted their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Mizuho increased their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Truist Financial increased their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Barclays cut their price objective on Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. 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 given a buy rating to the stock. According to MarketBeat.com, Kodiak Gas Services currently has an average rating of “Moderate Buy” and an average target price of $41.45.

Kodiak Gas Services 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.