VIRGINIA RETIREMENT SYSTEMS ET Al Trims Stock Holdings in Kodiak Gas Services, Inc. $KGS

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in Kodiak Gas Services, Inc. (NYSE:KGS) by 13.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,800 shares of the company’s stock after selling 10,300 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Kodiak Gas Services were worth $2,424,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KGS. Nisa Investment Advisors LLC raised its holdings in Kodiak Gas Services by 52.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after buying an additional 364 shares during the period. EverSource Wealth Advisors LLC increased its stake in Kodiak Gas Services by 1,501.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after purchasing an additional 1,156 shares during the period. GAMMA Investing LLC increased its stake in Kodiak Gas Services by 80.3% during the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after purchasing an additional 556 shares during the period. PNC Financial Services Group Inc. increased its stake in Kodiak Gas Services by 80.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after purchasing an additional 646 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Kodiak Gas Services by 652.4% during the third quarter. Jones Financial Companies Lllp now owns 1,595 shares of the company’s stock worth $60,000 after purchasing an additional 1,383 shares during the period. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Price Performance

KGS stock opened at $74.27 on Friday. The company has a market capitalization of $6.59 billion, a P/E ratio of 100.36, a PEG ratio of 1.06 and a beta of 1.01. Kodiak Gas Services, Inc. has a twelve month low of $30.06 and a twelve month high of $76.68. The business has a 50 day simple moving average of $61.88 and a 200-day simple moving average of $47.53. The company has a current ratio of 1.28, a quick ratio of 0.57 and a debt-to-equity ratio of 2.38.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.05. The firm had revenue of $345.76 million during the quarter, compared to the consensus estimate of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. As a group, equities analysts anticipate that Kodiak Gas Services, Inc. will post 2.36 EPS for the current year.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be given a $0.49 dividend. The ex-dividend date is Monday, May 18th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.6%. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 264.86%.

Insiders Place Their Bets

In related news, CAO Ewan William Hamilton sold 5,797 shares of the stock in a transaction 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexander Newsom Darden acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of $54.75 per share, for a total transaction of $273,750.00. Following the purchase, the director 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. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 11,433 shares of company stock valued at $624,360 and have sold 58,673 shares valued at $3,269,110. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KGS. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. The Goldman Sachs Group boosted their price target on shares of Kodiak Gas Services from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Stifel Nicolaus set a $84.00 price target on shares of Kodiak Gas Services in a research note on Tuesday. Mizuho boosted their price target on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Finally, Citigroup boosted their price target on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.29.

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.