22,200 Shares in Kodiak Gas Services, Inc. $KGS Acquired by J. Goldman & Co LP

J. Goldman & Co LP bought a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 22,200 shares of the company’s stock, valued at approximately $1,668,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Kodiak Gas Services in the 2nd quarter worth $1,142,139,000. Invesco Ltd. grew its stake in Kodiak Gas Services by 20.4% in the fourth quarter. Invesco Ltd. now owns 7,593,274 shares of the company’s stock valued at $283,988,000 after purchasing an additional 1,287,485 shares during the last quarter. Vanguard Group Inc. grew its stake in Kodiak Gas Services by 33.8% in the fourth quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock valued at $230,771,000 after purchasing an additional 1,559,172 shares during the last quarter. Zimmer Partners LP raised its holdings in Kodiak Gas Services by 45.7% in the fourth quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock worth $159,756,000 after purchasing an additional 1,339,849 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Kodiak Gas Services by 31.8% during the fourth quarter. State Street Corp now owns 3,340,008 shares of the company’s stock valued at $124,916,000 after buying an additional 806,191 shares during the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on KGS. Zacks Research upgraded shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. The Goldman Sachs Group boosted their price objective on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Citigroup increased their target price on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Piper Sandler initiated coverage on shares of Kodiak Gas Services in a research note on Tuesday, July 28th. They issued an “overweight” rating and a $78.00 target price for the company. Finally, Barclays cut their price target on shares of Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $78.89.

Insider Transactions at Kodiak Gas Services

In other Kodiak Gas Services news, CAO Ewan William Hamilton sold 2,729 shares of Kodiak Gas Services stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $68.62, for a total transaction of $187,263.98. Following the completion of the sale, the chief accounting officer owned 31,617 shares of the company’s stock, valued at approximately $2,169,558.54. The trade was a 7.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Pedro R. Buhigas sold 4,625 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $67.78, for a total value of $313,482.50. Following the completion of the transaction, the insider directly owned 38,454 shares in the company, valued at $2,606,412.12. This represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 19,531 shares of company stock worth $1,296,158 over the last 90 days. Insiders own 0.64% of the company’s stock.

Kodiak Gas Services Stock Performance

KGS opened at $58.95 on Wednesday. The company has a market cap of $5.96 billion, a P/E ratio of 70.18, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 1.28. The firm’s 50-day moving average price is $64.81 and its 200-day moving average price is $62.83. Kodiak Gas Services, Inc. has a 52-week low of $32.55 and a 52-week high of $77.68.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.12). Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%.The company had revenue of $391.12 million for the quarter, compared to analysts’ expectations of $386.30 million. During the same period in the prior year, the firm posted $0.43 EPS. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, equities analysts anticipate that Kodiak Gas Services, Inc. will post 2.46 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Monday, August 17th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, August 17th. Kodiak Gas Services’s dividend payout ratio is presently 233.33%.

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.