Pictet Asset Management Holding SA Purchases Shares of 5,700 Kodiak Gas Services, Inc. (NYSE:KGS)

Pictet Asset Management Holding SA acquired a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,700 shares of the company’s stock, valued at approximately $233,000.

Several other large investors have also modified their holdings of KGS. Tidal Investments LLC purchased a new stake in Kodiak Gas Services in the third quarter valued at $598,000. Barclays PLC increased its position in shares of Kodiak Gas Services by 209.3% during the third quarter. Barclays PLC now owns 42,350 shares of the company’s stock worth $1,228,000 after purchasing an additional 28,658 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Kodiak Gas Services by 155.8% during the fourth quarter. Victory Capital Management Inc. now owns 262,329 shares of the company’s stock worth $10,711,000 after purchasing an additional 159,772 shares in the last quarter. State Street Corp boosted its position in shares of Kodiak Gas Services by 8.7% in the 3rd quarter. State Street Corp now owns 678,925 shares of the company’s stock valued at $19,689,000 after purchasing an additional 54,202 shares during the period. Finally, Geode Capital Management LLC grew its stake in Kodiak Gas Services by 16.8% during the 3rd quarter. Geode Capital Management LLC now owns 547,815 shares of the company’s stock worth $15,890,000 after buying an additional 78,811 shares during the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Insider Buying and Selling

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the company’s stock in a transaction on 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 sale, the insider now owns 34,771,323 shares of the company’s stock, valued at approximately $1,651,637,842.50. This represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is owned by insiders.

Kodiak Gas Services Stock Performance

NYSE KGS opened at $31.97 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The business’s 50 day moving average is $39.41 and its two-hundred day moving average is $38.71. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 110.25 and a beta of 1.52. Kodiak Gas Services, Inc. has a 12-month low of $24.84 and a 12-month high of $50.43.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The business had revenue of $309.52 million for the quarter, compared to analyst estimates of $323.82 million. Research analysts expect that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 5.13%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services’s dividend payout ratio (DPR) is 277.97%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Raymond James reiterated an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Royal Bank of Canada set a $45.00 price target on shares of Kodiak Gas Services and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. Barclays lowered their price objective on shares of Kodiak Gas Services from $44.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Truist Financial upped their target price on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Finally, Citigroup raised their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.91.

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.