Compound Planning Inc. Makes New Investment in Kodiak Gas Services, Inc. $KGS

Compound Planning Inc. acquired a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the first quarter, HoldingsChannel.com reports. The fund acquired 10,228 shares of the company’s stock, valued at approximately $596,000.

Several other institutional investors and hedge funds also recently modified their holdings of KGS. Charles Schwab Investment Management Inc. lifted its position in Kodiak Gas Services by 29.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company’s stock worth $33,713,000 after acquiring an additional 203,809 shares in the last quarter. Westend Capital Management LLC acquired a new stake in Kodiak Gas Services in the fourth quarter valued at approximately $13,585,000. HighTower Advisors LLC grew its position in Kodiak Gas Services by 40.5% in the fourth quarter. HighTower Advisors LLC now owns 57,699 shares of the company’s stock valued at $2,158,000 after acquiring an additional 16,619 shares in the last quarter. Maven Securities LTD raised its stake in shares of Kodiak Gas Services by 694.0% during the fourth quarter. Maven Securities LTD now owns 100,000 shares of the company’s stock valued at $3,740,000 after purchasing an additional 87,406 shares during the period. Finally, Seven Grand Managers LLC raised its stake in shares of Kodiak Gas Services by 400.0% during the fourth 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. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on KGS shares. Barclays reduced their target price on shares of Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Royal Bank Of Canada lifted their price target on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. Jefferies Financial Group assumed coverage on shares of Kodiak Gas Services in a report on Thursday, June 4th. They issued a “buy” rating and a $79.00 price objective on the stock. Finally, Wells Fargo & Company started coverage on shares of Kodiak Gas Services in a research report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price objective for the company. Ten 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.33.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, EVP Cory Anne Roclawski sold 4,169 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $68.36, for a total transaction of $284,992.84. Following the completion of the transaction, the executive vice president directly owned 24,662 shares of the company’s stock, valued at $1,685,894.32. This trade represents a 14.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pedro R. Buhigas sold 4,625 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $67.78, for a total transaction of $313,482.50. Following the completion of the sale, the insider directly owned 38,454 shares of the company’s stock, valued at $2,606,412.12. The trade was a 10.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 13,523 shares of company stock valued at $921,319. Insiders own 0.64% of the company’s stock.

Kodiak Gas Services Price Performance

KGS stock opened at $56.42 on Wednesday. The stock’s 50 day moving average is $68.30 and its two-hundred day moving average is $59.86. Kodiak Gas Services, Inc. has a 52-week low of $30.06 and a 52-week high of $77.68. The company has a market capitalization of $5.01 billion, a PE ratio of 76.25, a P/E/G ratio of 0.90 and a beta of 0.89. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38.

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

Kodiak Gas Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s payout ratio is 264.86%.

Kodiak Gas Services Company 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.