Healthcare of Ontario Pension Plan Trust Fund Acquires New Shares in Kodiak Gas Services, Inc. $KGS

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) during the first quarter, Holdings Channel reports. The institutional investor bought 152,998 shares of the company’s stock, valued at approximately $8,923,000.

Several other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in Kodiak Gas Services by 29.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company’s stock worth $33,713,000 after acquiring an additional 203,809 shares in the last quarter. Westend Capital Management LLC acquired a new position in shares of Kodiak Gas Services during the 4th quarter worth $13,585,000. HighTower Advisors LLC raised its holdings in shares of Kodiak Gas Services by 40.5% during the 4th quarter. HighTower Advisors LLC now owns 57,699 shares of the company’s stock valued at $2,158,000 after purchasing an additional 16,619 shares in the last quarter. Maven Securities LTD raised its holdings in shares of Kodiak Gas Services by 694.0% during the 4th quarter. Maven Securities LTD now owns 100,000 shares of the company’s stock valued at $3,740,000 after purchasing an additional 87,406 shares in the last quarter. Finally, Hiddenite Capital Partners LP acquired a new stake in shares of Kodiak Gas Services in the 4th quarter valued at $11,220,000. 24.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO William Chad Lenamon sold 1,000 shares of the business’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $67.79, for a total transaction of $67,790.00. Following the transaction, the chief operating officer owned 87,294 shares of the company’s stock, valued at approximately $5,917,660.26. The trade was a 1.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Ewan William Hamilton sold 2,729 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $68.62, for a total transaction of $187,263.98. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 13,523 shares of company stock valued at $921,319 over the last ninety days. 0.64% of the stock is owned by insiders.

Kodiak Gas Services Price Performance

NYSE KGS opened at $56.42 on Wednesday. Kodiak Gas Services, Inc. has a twelve month low of $30.06 and a twelve month high of $77.68. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28. The stock has a market capitalization of $5.01 billion, a PE ratio of 76.25, a P/E/G ratio of 0.90 and a beta of 0.89. The stock has a 50-day simple moving average of $68.30 and a 200 day simple moving average of $59.86.

Kodiak Gas Services (NYSE:KGS) last announced 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 firm 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 firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 EPS. Research analysts anticipate that Kodiak Gas Services, Inc. will post 2.27 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio is currently 264.86%.

Analyst Upgrades and Downgrades

KGS has been the subject of a number of recent research reports. Citigroup upped their price objective on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Zacks Research raised Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. Jefferies Financial Group started coverage on Kodiak Gas Services in a research report on Thursday, June 4th. They set a “buy” rating and a $79.00 target price for the company. Finally, Barclays decreased their price objective on shares of Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.33.

Kodiak Gas Services 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.