Kodiak Gas Services, Inc. $KGS Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 2,692.2% in the first quarter, Holdings Channel reports. The firm owned 635,705 shares of the company’s stock after purchasing an additional 612,938 shares during the period. SG Americas Securities LLC’s holdings in Kodiak Gas Services were worth $37,074,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Van ECK Associates Corp lifted its position in Kodiak Gas Services by 0.9% during the fourth quarter. Van ECK Associates Corp now owns 23,640 shares of the company’s stock valued at $884,000 after buying an additional 209 shares in the last quarter. United Advisor Group LLC grew its stake in Kodiak Gas Services by 2.0% during the fourth quarter. United Advisor Group LLC now owns 15,817 shares of the company’s stock worth $592,000 after buying an additional 304 shares during the period. Comerica Bank increased its position in shares of Kodiak Gas Services by 1.8% in the fourth quarter. Comerica Bank now owns 20,499 shares of the company’s stock worth $767,000 after acquiring an additional 357 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Kodiak Gas Services by 52.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after acquiring an additional 364 shares in the last quarter. Finally, Aurora Investment Counsel raised its stake in shares of Kodiak Gas Services by 0.6% in the 4th quarter. Aurora Investment Counsel now owns 67,192 shares of the company’s stock valued at $2,513,000 after acquiring an additional 397 shares during the period. Institutional investors and hedge funds own 24.95% of the company’s stock.

Insider Buying and Selling

In related news, CAO Ewan William Hamilton sold 2,729 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $68.62, for a total value of $187,263.98. Following the completion of the transaction, the chief accounting officer owned 31,617 shares of the company’s stock, valued at approximately $2,169,558.54. This represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Pedro R. Buhigas sold 4,625 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $67.78, for a total value of $313,482.50. Following the sale, the insider owned 38,454 shares of the company’s stock, valued at approximately $2,606,412.12. This trade represents a 10.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 8,354 shares of company stock worth $568,536. 0.64% of the stock is currently owned by corporate insiders.

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock opened at $71.71 on Wednesday. Kodiak Gas Services, Inc. has a 12-month low of $30.06 and a 12-month high of $77.68. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 96.91, a price-to-earnings-growth ratio of 0.99 and a beta of 0.94. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.99. The firm’s fifty day moving average price is $68.73 and its 200 day moving average price is $54.44.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $345.76 million during the quarter, compared to analysts’ expectations of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 EPS. On average, research analysts forecast that Kodiak Gas Services, Inc. will post 2.35 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were paid a $0.49 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.96 annualized dividend and a dividend yield of 2.7%. Kodiak Gas Services’s payout ratio is 264.86%.

Analysts Set New Price Targets

A number of analysts recently weighed in on KGS shares. Zacks Research raised shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Citigroup raised their price objective on Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Stifel Nicolaus set a $84.00 price objective on Kodiak Gas Services in a research note on Tuesday, May 12th. Barclays increased their target price on Kodiak Gas Services from $60.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Friday, May 29th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $79.25.

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