14,726 Shares in Kodiak Gas Services, Inc. $KGS Acquired by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. purchased a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) during the first quarter, HoldingsChannel reports. The firm purchased 14,726 shares of the company’s stock, valued at approximately $859,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund raised its position in shares of Kodiak Gas Services by 7.2% in the first quarter. Illinois Municipal Retirement Fund now owns 40,777 shares of the company’s stock valued at $2,378,000 after purchasing an additional 2,733 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Kodiak Gas Services by 4.6% during the 1st quarter. Principal Financial Group Inc. now owns 548,019 shares of the company’s stock worth $31,960,000 after buying an additional 24,286 shares during the period. Verbena Value LP bought a new stake in shares of Kodiak Gas Services during the 1st quarter worth about $6,847,000. Fifth Third Bancorp boosted its holdings in shares of Kodiak Gas Services by 3,567.7% during the 1st quarter. Fifth Third Bancorp now owns 22,263 shares of the company’s stock worth $1,298,000 after buying an additional 21,656 shares during the period. Finally, Montag A & Associates Inc. acquired a new position in Kodiak Gas Services in the 1st quarter valued at about $119,000. 24.95% of the stock is owned by institutional investors.

Kodiak Gas Services Price Performance

NYSE:KGS opened at $65.23 on Friday. Kodiak Gas Services, Inc. has a 52 week low of $30.06 and a 52 week high of $77.68. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28. The firm’s 50-day simple moving average is $70.09 and its 200 day simple moving average is $58.45. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 88.15, a P/E/G ratio of 1.02 and a beta of 0.89.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The firm had revenue of $345.76 million during the quarter, compared to the consensus estimate of $340.23 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that Kodiak Gas Services, Inc. will post 2.27 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s payout ratio is presently 264.86%.

Insider Buying and Selling

In related news, EVP Cory Anne Roclawski sold 4,169 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $68.36, for a total value of $284,992.84. Following the completion of the sale, the executive vice president directly owned 24,662 shares in the company, valued at approximately $1,685,894.32. The trade was a 14.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Ewan William Hamilton sold 2,729 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $68.62, for a total value of $187,263.98. Following the sale, the chief accounting officer directly owned 31,617 shares in the company, valued at $2,169,558.54. This represents a 7.95% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 13,523 shares of company stock valued at $921,319. 0.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a report on Friday, May 15th. Jefferies Financial Group began coverage on Kodiak Gas Services in a report on Thursday, June 4th. They set a “buy” rating and a $79.00 price objective for the company. Barclays lowered their target price on Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Wells Fargo & Company assumed coverage on Kodiak Gas Services in a report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price target for the company. Finally, Citigroup boosted their price target on Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.50.

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.