Maven Securities LTD Increases Stock Holdings in Kodiak Gas Services, Inc. $KGS

Maven Securities LTD lifted its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 694.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,000 shares of the company’s stock after buying an additional 87,406 shares during the period. Maven Securities LTD’s holdings in Kodiak Gas Services were worth $3,740,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. NFJ Investment Group LLC bought a new stake in Kodiak Gas Services during the fourth quarter worth $2,745,000. Aurora Investment Counsel lifted its holdings in Kodiak Gas Services by 0.6% during the fourth quarter. Aurora Investment Counsel now owns 67,192 shares of the company’s stock worth $2,513,000 after acquiring an additional 397 shares during the period. Barclays PLC lifted its holdings in Kodiak Gas Services by 20.1% during the fourth quarter. Barclays PLC now owns 139,682 shares of the company’s stock worth $5,224,000 after acquiring an additional 23,330 shares during the period. Aigen Investment Management LP bought a new stake in Kodiak Gas Services during the fourth quarter worth $216,000. Finally, FORA Capital LLC bought a new stake in Kodiak Gas Services during the fourth quarter worth $513,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $68.95 on Monday. The firm has a market cap of $6.12 billion, a PE ratio of 93.18, a PEG ratio of 0.97 and a beta of 0.94. The stock’s fifty day moving average price is $67.34 and its two-hundred day moving average price is $52.75. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.99. Kodiak Gas Services, Inc. has a 1 year low of $30.06 and a 1 year high of $77.68.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results 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 analyst estimates of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. On average, equities research analysts forecast that Kodiak Gas Services, Inc. will post 2.35 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were paid a $0.49 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.96 annualized dividend and a dividend yield of 2.8%. Kodiak Gas Services’s payout ratio is presently 264.86%.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, CAO Ewan William Hamilton sold 5,797 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $56.18, for a total value of $325,675.46. Following the sale, 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 SEC, which is available through the SEC website. Also, insider Pedro R. Buhigas sold 13,942 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $55.73, for a total value of $776,987.66. Following the completion of the sale, the insider owned 42,723 shares in the company, valued at approximately $2,380,952.79. The trade was a 24.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 20,739 shares of company stock worth $1,170,453 over the last ninety days. 0.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KGS shares. The Goldman Sachs Group lifted their price target on Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Wells Fargo & Company started coverage on Kodiak Gas Services in a report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price target on the stock. Zacks Research upgraded Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Citigroup lifted their price target on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Barclays lifted their price target on Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $75.22.

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.