Hawk Ridge Capital Management LP Invests $17.72 Million in Kodiak Gas Services, Inc. $KGS

Hawk Ridge Capital Management LP acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 303,800 shares of the company’s stock, valued at approximately $17,718,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in Kodiak Gas Services by 67.5% during the 1st quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock worth $382,000 after purchasing an additional 4,126 shares during the period. AQR Capital Management LLC grew its position in shares of Kodiak Gas Services by 64.9% during the first quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock worth $793,000 after buying an additional 8,369 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Kodiak Gas Services by 44.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock worth $1,000,000 after buying an additional 8,297 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Kodiak Gas Services by 58.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock worth $73,979,000 after buying an additional 730,180 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Kodiak Gas Services by 102.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock worth $3,548,000 after buying an additional 48,122 shares during the period. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Stock Performance

NYSE KGS opened at $57.69 on Tuesday. The company has a fifty day moving average of $68.69 and a two-hundred day moving average of $59.71. The company has a market capitalization of $5.12 billion, a PE ratio of 77.96, a P/E/G ratio of 0.93 and a beta of 0.89. Kodiak Gas Services, Inc. has a 1 year low of $30.06 and a 1 year high of $77.68. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.99.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Monday, May 11th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. The business had revenue of $345.76 million during the quarter, compared to the consensus estimate of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 EPS. As a group, analysts expect that Kodiak Gas Services, Inc. will post 2.27 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.96 annualized dividend and a yield of 3.4%. Kodiak Gas Services’s payout ratio is 264.86%.

Insider Transactions at Kodiak Gas Services

In other news, EVP Cory Anne Roclawski sold 4,169 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $68.36, for a total value of $284,992.84. Following the completion of the sale, the executive vice president directly owned 24,662 shares of the company’s stock, valued at approximately $1,685,894.32. This represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO William Chad Lenamon sold 1,000 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $67.79, for a total transaction of $67,790.00. Following the transaction, the chief operating officer directly owned 87,294 shares in the company, valued at $5,917,660.26. The trade was a 1.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,523 shares of company stock worth $921,319 in the last three months. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

KGS has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. Barclays dropped their price objective on shares of Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Jefferies Financial Group assumed coverage on shares of Kodiak Gas Services in a report on Thursday, June 4th. They issued a “buy” rating and a $79.00 price objective on the stock. 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. Finally, Royal Bank Of Canada boosted their target price on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th. Ten 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, the company currently has an average rating of “Moderate Buy” and an average price target of $79.50.

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.