Fox Run Management L.L.C. Sells 13,814 Shares of Kodiak Gas Services, Inc. $KGS

Fox Run Management L.L.C. decreased its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 70.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 5,851 shares of the company’s stock after selling 13,814 shares during the quarter. Fox Run Management L.L.C.’s holdings in Kodiak Gas Services were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its holdings in shares of Kodiak Gas Services by 102.3% during the fourth quarter. Wells Fargo & Company MN now owns 19,035 shares of the company’s stock worth $777,000 after buying an additional 9,624 shares during the last quarter. Legal & General Group Plc increased its position in Kodiak Gas Services by 7.2% during the fourth quarter. Legal & General Group Plc now owns 30,251 shares of the company’s stock worth $1,235,000 after acquiring an additional 2,034 shares during the period. Raymond James Financial Inc. acquired a new position in Kodiak Gas Services during the 4th quarter valued at $276,000. Sterling Capital Management LLC boosted its holdings in Kodiak Gas Services by 1,322.6% in the 4th quarter. Sterling Capital Management LLC now owns 754 shares of the company’s stock valued at $31,000 after purchasing an additional 701 shares during the period. Finally, Summit Investment Advisors Inc. boosted its holdings in Kodiak Gas Services by 72.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,406 shares of the company’s stock valued at $139,000 after purchasing an additional 1,431 shares during the period. Institutional investors and hedge funds own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KGS. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $43.00 price objective (up previously from $42.00) on shares of Kodiak Gas Services in a research report on Monday, June 23rd. Mizuho lowered their price target on Kodiak Gas Services from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 20th. Barclays upped their price target on Kodiak Gas Services from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Thursday, August 14th. Finally, Royal Bank Of Canada lifted their price objective on Kodiak Gas Services from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.10.

Kodiak Gas Services Stock Performance

NYSE KGS opened at $36.8570 on Thursday. Kodiak Gas Services, Inc. has a twelve month low of $25.21 and a twelve month high of $50.43. The company has a quick ratio of 0.78, a current ratio of 1.10 and a debt-to-equity ratio of 1.89. The stock has a market cap of $3.23 billion, a P/E ratio of 40.95 and a beta of 1.33. The company’s 50-day simple moving average is $33.20 and its 200 day simple moving average is $35.95.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. Kodiak Gas Services had a return on equity of 10.35% and a net margin of 6.48%.The company had revenue of $322.84 million for the quarter, compared to the consensus estimate of $335.10 million. During the same period in the previous year, the business earned $0.06 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, research analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Monday, August 4th. Kodiak Gas Services’s dividend payout ratio is 200.00%.

Kodiak Gas Services declared that its Board of Directors has initiated a share buyback plan on Monday, August 11th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to repurchase up to 1.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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.