Royce & Associates LP Grows Position in Kodiak Gas Services, Inc. $KGS

Royce & Associates LP increased its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 3.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 309,140 shares of the company’s stock after buying an additional 11,370 shares during the quarter. Royce & Associates LP’s holdings in Kodiak Gas Services were worth $11,562,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. United Advisor Group LLC lifted its position in Kodiak Gas Services by 2.0% during the 4th quarter. United Advisor Group LLC now owns 15,817 shares of the company’s stock worth $592,000 after acquiring an additional 304 shares during the period. Comerica Bank lifted its position in Kodiak Gas Services by 1.8% during the 4th quarter. Comerica Bank now owns 20,499 shares of the company’s stock worth $767,000 after acquiring an additional 357 shares during the period. Nisa Investment Advisors LLC lifted its position in Kodiak Gas Services by 52.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after acquiring an additional 364 shares during the period. Captrust Financial Advisors lifted its position in Kodiak Gas Services by 2.7% during the 2nd quarter. Captrust Financial Advisors now owns 16,925 shares of the company’s stock worth $580,000 after acquiring an additional 448 shares during the period. Finally, GAMMA Investing LLC lifted its position in Kodiak Gas Services by 80.3% during the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after acquiring an additional 556 shares during the period. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Trading Down 4.4%

Shares of NYSE:KGS opened at $70.43 on Thursday. The stock has a market capitalization of $6.25 billion, a PE ratio of 95.17, a P/E/G ratio of 1.03 and a beta of 1.01. Kodiak Gas Services, Inc. has a 1 year low of $30.06 and a 1 year high of $77.68. The firm has a fifty day moving average price of $65.07 and a 200 day moving average price of $49.92. 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 issued its quarterly earnings data on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The firm had revenue of $345.76 million during the quarter, compared to analysts’ expectations of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. Kodiak Gas Services’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. Analysts expect that Kodiak Gas Services, Inc. will post 2.35 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 18th will be issued a $0.49 dividend. The ex-dividend date is Monday, May 18th. This represents a $1.96 dividend on an annualized basis and a yield of 2.8%. Kodiak Gas Services’s dividend payout ratio is currently 264.86%.

Insider Activity at Kodiak Gas Services

In other news, Director Alexander Newsom Darden purchased 5,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $54.75 per share, for a total transaction of $273,750.00. Following the completion of the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at approximately $273,750. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Ewan William Hamilton sold 5,797 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total transaction of $325,675.46. Following the sale, the chief accounting officer owned 34,346 shares of the company’s stock, valued at $1,929,558.28. This trade represents a 14.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 58,673 shares of company stock valued at $3,269,110. 0.64% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on KGS. Zacks Research raised Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Wells Fargo & Company began coverage on Kodiak Gas Services in a research report on Wednesday. They set an “overweight” rating and a $93.00 price objective for the company. Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Royal Bank Of Canada increased their price objective on Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, May 18th. Finally, Barclays increased their price objective on Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $74.75.

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.