GSA Capital Partners LLP Buys New Stake in Kodiak Gas Services, Inc. $KGS

GSA Capital Partners LLP bought a new position in Kodiak Gas Services, Inc. (NYSE:KGS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 8,741 shares of the company’s stock, valued at approximately $657,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in shares of Kodiak Gas Services by 29.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company’s stock valued at $33,713,000 after purchasing an additional 203,809 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Kodiak Gas Services by 40.5% during the 4th quarter. HighTower Advisors LLC now owns 57,699 shares of the company’s stock worth $2,158,000 after purchasing an additional 16,619 shares during the last quarter. Maven Securities LTD lifted its position in shares of Kodiak Gas Services by 694.0% during the 4th quarter. Maven Securities LTD now owns 100,000 shares of the company’s stock worth $3,740,000 after purchasing an additional 87,406 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Kodiak Gas Services by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock valued at $181,108,000 after purchasing an additional 135,998 shares during the period. Finally, Seven Grand Managers LLC boosted its stake in Kodiak Gas Services by 400.0% during the 4th quarter. Seven Grand Managers LLC now owns 500,000 shares of the company’s stock valued at $18,700,000 after purchasing an additional 400,000 shares during the period. Institutional investors and hedge funds own 24.95% of the company’s stock.

Insider Activity at Kodiak Gas Services

In other news, CEO Robert Michael Mckee sold 6,008 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $62.39, for a total transaction of $374,839.12. Following the sale, the chief executive officer directly owned 298,589 shares in the company, valued at approximately $18,628,967.71. The trade was a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Pedro R. Buhigas sold 4,625 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $67.78, for a total value of $313,482.50. Following the completion of the transaction, the insider owned 38,454 shares of the company’s stock, valued at $2,606,412.12. The trade was a 10.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 19,531 shares of company stock worth $1,296,158 in the last three months. Company insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Piper Sandler began coverage on Kodiak Gas Services in a report on Tuesday, July 28th. They issued an “overweight” rating and a $78.00 target price on the stock. 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 started coverage on shares of Kodiak Gas Services in a research note on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. Finally, Stifel Nicolaus upped their target price on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.89.

Kodiak Gas Services Stock Up 0.5%

NYSE KGS opened at $60.35 on Friday. Kodiak Gas Services, Inc. has a twelve month low of $32.55 and a twelve month high of $77.68. The stock has a market cap of $6.10 billion, a PE ratio of 71.85, a PEG ratio of 0.87 and a beta of 0.97. The firm has a 50-day simple moving average of $65.34 and a 200 day simple moving average of $62.45. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.12). The firm had revenue of $391.12 million for the quarter, compared to the consensus estimate of $386.30 million. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The company’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. On average, research analysts forecast that Kodiak Gas Services, Inc. will post 2.46 EPS for the current year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Monday, August 17th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, August 17th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 233.33%.

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.