Great Lakes Advisors LLC Acquires 2,059 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Great Lakes Advisors LLC increased its holdings in Kodiak Gas Services, Inc. (NYSE:KGS) by 29.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,017 shares of the company’s stock after purchasing an additional 2,059 shares during the period. Great Lakes Advisors LLC’s holdings in Kodiak Gas Services were worth $368,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KGS. King Luther Capital Management Corp lifted its position in shares of Kodiak Gas Services by 827.5% in the fourth quarter. King Luther Capital Management Corp now owns 99,703 shares of the company’s stock worth $4,071,000 after buying an additional 88,953 shares during the last quarter. AlphaQuest LLC bought a new stake in Kodiak Gas Services during the fourth quarter worth approximately $483,000. Raymond James Financial Inc. bought a new stake in Kodiak Gas Services during the fourth quarter worth approximately $276,000. Arizona State Retirement System raised its position in shares of Kodiak Gas Services by 16.5% in the fourth quarter. Arizona State Retirement System now owns 8,482 shares of the company’s stock valued at $346,000 after purchasing an additional 1,200 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Kodiak Gas Services by 155.8% in the fourth quarter. Victory Capital Management Inc. now owns 262,329 shares of the company’s stock worth $10,711,000 after buying an additional 159,772 shares during the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of Kodiak Gas Services stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the transaction, the insider now directly owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

Kodiak Gas Services Stock Up 1.9 %

KGS opened at $36.78 on Monday. The company has a market capitalization of $3.23 billion, a P/E ratio of 126.81 and a beta of 1.30. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The firm’s fifty day moving average price is $43.72 and its two-hundred day moving average price is $37.63. Kodiak Gas Services, Inc. has a fifty-two week low of $24.83 and a fifty-two week high of $50.43.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.15). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The business had revenue of $309.52 million for the quarter, compared to analyst estimates of $323.82 million. On average, analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.46%. Kodiak Gas Services’s payout ratio is presently 277.97%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on KGS shares. Mizuho lifted their target price on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, November 29th. Raymond James restated an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. The Goldman Sachs Group lifted their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Barclays increased their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kodiak Gas Services has an average rating of “Moderate Buy” and a consensus target price of $42.18.

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.