Swiss National Bank Raises Stake in Kodiak Gas Services, Inc. (NYSE:KGS)

Swiss National Bank increased its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 16.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,500 shares of the company’s stock after buying an additional 8,100 shares during the period. Swiss National Bank’s holdings in Kodiak Gas Services were worth $2,348,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Kodiak Gas Services by 94.7% during the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after purchasing an additional 342 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in Kodiak Gas Services by 3.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company’s stock worth $371,000 after buying an additional 405 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Kodiak Gas Services by 1.6% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company’s stock valued at $1,323,000 after buying an additional 500 shares during the period. Amalgamated Bank lifted its position in shares of Kodiak Gas Services by 112.6% during the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock valued at $45,000 after buying an additional 588 shares during the last quarter. Finally, Transcendent Capital Group LLC bought a new position in shares of Kodiak Gas Services during the 4th quarter worth $49,000. Institutional investors own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on KGS shares. Citigroup upped their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada set a $45.00 price objective on shares of Kodiak Gas Services and gave the stock an “outperform” rating in a report on Tuesday, March 11th. Truist Financial lifted their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. JPMorgan Chase & Co. increased their target price on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, November 29th. Finally, Barclays reduced their price target on Kodiak Gas Services from $44.00 to $41.00 and set an “equal weight” rating for the company in a research report on Friday, March 21st. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Kodiak Gas Services presently has an average rating of “Moderate Buy” and an average target price of $41.91.

Insider Activity

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the transaction, the insider now directly owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. This represents a 9.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

Kodiak Gas Services Trading Down 1.1 %

Shares of KGS stock opened at $37.49 on Friday. The company has a market capitalization of $3.32 billion, a PE ratio of 129.28 and a beta of 1.30. Kodiak Gas Services, Inc. has a 52-week low of $24.84 and a 52-week high of $50.43. The business’s fifty day moving average is $42.75 and its 200 day moving average is $38.19. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.15). The business had revenue of $309.52 million during the quarter, compared to analysts’ expectations of $323.82 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. On average, equities research analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services’s payout ratio is 277.97%.

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.