Kodiak Gas Services, Inc. $KGS Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC grew its holdings in Kodiak Gas Services, Inc. (NYSE:KGS) by 40.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,699 shares of the company’s stock after buying an additional 16,619 shares during the quarter. HighTower Advisors LLC’s holdings in Kodiak Gas Services were worth $2,158,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Kodiak Gas Services by 492.8% during the third quarter. Principal Financial Group Inc. now owns 399,041 shares of the company’s stock worth $14,753,000 after purchasing an additional 331,732 shares during the last quarter. Public Sector Pension Investment Board acquired a new position in Kodiak Gas Services during the third quarter worth $9,491,000. Rhumbline Advisers raised its holdings in Kodiak Gas Services by 126.9% during the third quarter. Rhumbline Advisers now owns 179,160 shares of the company’s stock worth $6,624,000 after purchasing an additional 100,194 shares during the last quarter. Westend Capital Management LLC acquired a new position in Kodiak Gas Services during the fourth quarter worth $13,585,000. Finally, New York State Common Retirement Fund raised its holdings in Kodiak Gas Services by 395.1% during the third quarter. New York State Common Retirement Fund now owns 84,838 shares of the company’s stock worth $3,136,000 after purchasing an additional 67,704 shares during the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Randall J. Hogan purchased 6,000 shares of the stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $54.81 per share, with a total value of $328,860.00. Following the completion of the transaction, the director owned 28,406 shares in the company, valued at approximately $1,556,932.86. The trade was a 26.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Cory Anne Roclawski sold 10,852 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $54.41, for a total value of $590,457.32. Following the sale, the executive vice president directly owned 31,405 shares of the company’s stock, valued at approximately $1,708,746.05. This trade represents a 25.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,673 shares of company stock valued at $3,269,110 in the last 90 days. 0.64% of the stock is owned by corporate insiders.

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock opened at $65.38 on Tuesday. The firm has a market capitalization of $5.80 billion, a P/E ratio of 88.35, a PEG ratio of 0.94 and a beta of 1.01. The stock has a fifty day moving average price of $65.71 and a 200 day moving average price of $50.62. Kodiak Gas Services, Inc. has a 52 week low of $30.06 and a 52 week high of $77.68. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38.

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

Kodiak Gas Services Announces Dividend

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. This represents a $1.96 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, May 18th. Kodiak Gas Services’s payout ratio is 264.86%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Royal Bank Of Canada lifted their price objective on Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, May 18th. Wells Fargo & Company assumed coverage on Kodiak Gas Services in a report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Friday. Barclays lifted their price objective on Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Finally, The Goldman Sachs Group lifted their price objective on Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, May 15th. 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 MarketBeat.com, Kodiak Gas Services has a consensus rating of “Moderate Buy” and a consensus target price of $74.75.

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.