Zurcher Kantonalbank Zurich Cantonalbank Increases Stake in Kodiak Gas Services, Inc. $KGS

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Kodiak Gas Services, Inc. (NYSE:KGS) by 70.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 26,221 shares of the company’s stock after buying an additional 10,818 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kodiak Gas Services were worth $981,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its stake 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. Rhumbline Advisers increased its position in Kodiak Gas Services by 126.9% in the third quarter. Rhumbline Advisers now owns 179,160 shares of the company’s stock worth $6,624,000 after buying an additional 100,194 shares during the period. Public Sector Pension Investment Board acquired a new stake in Kodiak Gas Services in the third quarter worth $9,491,000. New York State Common Retirement Fund increased its holdings in shares of 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 valued at $3,136,000 after purchasing an additional 67,704 shares during the period. Finally, Westend Capital Management LLC acquired a new position in shares of Kodiak Gas Services during the fourth quarter valued at $13,585,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Insider Activity at Kodiak Gas Services

In other news, CAO Ewan William Hamilton sold 5,797 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $56.18, for a total transaction of $325,675.46. Following the completion of the transaction, the chief accounting officer directly owned 34,346 shares in the company, valued at $1,929,558.28. The trade was a 14.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Cory Anne Roclawski sold 21,161 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $56.52, for a total value of $1,196,019.72. Following the transaction, the executive vice president owned 42,257 shares of the company’s stock, valued at approximately $2,388,365.64. This trade represents a 33.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders acquired 11,433 shares of company stock valued at $624,360 and sold 58,673 shares valued at $3,269,110. 0.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KGS. Barclays raised their price target on Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Royal Bank Of Canada lifted their price target on Kodiak Gas Services from $45.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Zacks Research cut Kodiak Gas Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Citigroup lifted their price target on Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services has a consensus rating of “Moderate Buy” and a consensus target price of $55.86.

Kodiak Gas Services Stock Up 1.5%

KGS opened at $67.78 on Friday. The business has a 50 day moving average price of $58.78 and a 200 day moving average price of $45.24. Kodiak Gas Services, Inc. has a twelve month low of $30.06 and a twelve month high of $68.24. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.57 and a current ratio of 0.84. The firm has a market cap of $5.82 billion, a P/E ratio of 77.90, a price-to-earnings-growth ratio of 0.94 and a beta of 0.96.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.13). Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The company had revenue of $332.87 million during the quarter, compared to analyst estimates of $330.95 million. During the same quarter last year, the firm posted $0.21 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Research analysts forecast that Kodiak Gas Services, Inc. will post 2.34 EPS for the current year.

About Kodiak Gas Services

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.