Zurcher Kantonalbank Zurich Cantonalbank Purchases 10,818 Shares of Kodiak Gas Services, Inc. $KGS

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 70.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,221 shares of the company’s stock after acquiring an additional 10,818 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kodiak Gas Services were worth $981,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. raised its stake in shares of Kodiak Gas Services by 29.5% in the third quarter. Invesco Ltd. now owns 6,305,789 shares of the company’s stock valued at $233,125,000 after purchasing an additional 1,436,443 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Kodiak Gas Services by 41.3% in the third quarter. Vanguard Group Inc. now owns 4,611,188 shares of the company’s stock valued at $170,476,000 after purchasing an additional 1,348,357 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Kodiak Gas Services by 58.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock valued at $73,979,000 after purchasing an additional 730,180 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Kodiak Gas Services by 2,201.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 617,151 shares of the company’s stock valued at $21,150,000 after purchasing an additional 590,337 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Kodiak Gas Services by 71.0% in the third quarter. UBS Group AG now owns 1,396,280 shares of the company’s stock valued at $51,620,000 after purchasing an additional 579,967 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors.

Kodiak Gas Services Trading Up 1.5%

NYSE KGS opened at $67.78 on Friday. The firm has a market cap of $5.82 billion, a P/E ratio of 77.90, a P/E/G ratio of 0.94 and a beta of 0.96. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57. The stock’s 50-day moving average is $58.78 and its 200-day moving average is $45.24. Kodiak Gas Services, Inc. has a one year low of $30.06 and a one year high of $68.24.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The firm had revenue of $332.87 million during the quarter, compared to analyst estimates of $330.95 million. During the same period in the prior year, the business posted $0.21 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 2.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on KGS. Zacks Research cut Kodiak Gas Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. Mizuho raised their price target on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Citigroup raised their price target on Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Barclays increased their target price on Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kodiak Gas Services has an average rating of “Moderate Buy” and a consensus target price of $55.86.

Insiders Place Their Bets

In related news, EVP Cory Anne Roclawski sold 10,852 shares of Kodiak Gas Services stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $54.41, for a total value of $590,457.32. Following the sale, the executive vice president owned 31,405 shares of the company’s stock, valued at approximately $1,708,746.05. This trade represents a 25.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexander Newsom Darden purchased 5,000 shares of the stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $54.75 per share, for a total transaction of $273,750.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $273,750. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 11,433 shares of company stock worth $624,360 and have sold 58,673 shares worth $3,269,110. 0.64% of the stock is owned by corporate insiders.

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.