Royce & Associates LP Increases Holdings in Kodiak Gas Services, Inc. $KGS

Royce & Associates LP increased its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 309,140 shares of the company’s stock after buying an additional 11,370 shares during the quarter. Royce & Associates LP owned about 0.36% of Kodiak Gas Services worth $11,562,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KGS. Nisa Investment Advisors LLC raised its position in Kodiak Gas Services by 52.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after purchasing an additional 364 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Kodiak Gas Services by 1,501.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after purchasing an additional 1,156 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Kodiak Gas Services by 80.3% in the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after purchasing an additional 556 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Kodiak Gas Services by 80.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after buying an additional 646 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Kodiak Gas Services by 652.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,595 shares of the company’s stock valued at $60,000 after buying an additional 1,383 shares during the period. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KGS shares. Royal Bank Of Canada boosted their price objective on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, May 18th. Barclays boosted their price objective on shares of Kodiak Gas Services from $60.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Wells Fargo & Company started coverage on shares of Kodiak Gas Services in a report on Wednesday. They issued an “overweight” rating and a $93.00 price objective on the stock. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Citigroup boosted their price objective on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Kodiak Gas Services has a consensus rating of “Moderate Buy” and a consensus target price of $74.75.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, EVP Cory Anne Roclawski sold 10,852 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $54.41, for a total transaction of $590,457.32. Following the sale, the executive vice president owned 31,405 shares in the company, valued at $1,708,746.05. This represents a 25.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Randall J. Hogan purchased 6,000 shares of the business’s stock in a transaction on Friday, March 13th. The shares were bought at an average price of $54.81 per share, for a total transaction of $328,860.00. Following the acquisition, the director owned 28,406 shares in the company, valued at $1,556,932.86. This trade represents a 26.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 58,673 shares of company stock worth $3,269,110 over the last quarter. 0.64% of the stock is currently owned by insiders.

Kodiak Gas Services Price Performance

KGS stock opened at $70.43 on Thursday. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38. The company has a market capitalization of $6.25 billion, a PE ratio of 95.17, a P/E/G ratio of 1.03 and a beta of 1.01. Kodiak Gas Services, Inc. has a 12-month low of $30.06 and a 12-month high of $77.68. The business’s fifty day moving average price is $65.07 and its 200 day moving average price is $49.92.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. The firm had revenue of $345.76 million for 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 company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 EPS. On average, sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 2.35 EPS for the current year.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.49 per share. The ex-dividend date is Monday, May 18th. This represents a $1.96 annualized dividend and a yield of 2.8%. Kodiak Gas Services’s dividend payout ratio is 264.86%.

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.