King Luther Capital Management Corp Buys 88,953 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

King Luther Capital Management Corp grew its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 827.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 99,703 shares of the company’s stock after purchasing an additional 88,953 shares during the quarter. King Luther Capital Management Corp’s holdings in Kodiak Gas Services were worth $4,071,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KGS. GAMMA Investing LLC increased its position in Kodiak Gas Services by 94.7% in the fourth 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. Amalgamated Bank increased its position in Kodiak Gas Services by 112.6% in the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock worth $45,000 after purchasing an additional 588 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in Kodiak Gas Services in the fourth quarter worth $49,000. Mendota Financial Group LLC bought a new stake in Kodiak Gas Services in the fourth quarter worth $122,000. Finally, Kestra Investment Management LLC bought a new stake in Kodiak Gas Services in the fourth quarter worth $233,000. Institutional investors own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. 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 report on Tuesday. Mizuho boosted their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Citigroup boosted their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group lifted their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Truist Financial lifted their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.18.

Kodiak Gas Services Stock Up 4.8 %

Shares of KGS opened at $37.01 on Thursday. The firm has a market capitalization of $3.24 billion, a P/E ratio of 127.63 and a beta of 1.30. Kodiak Gas Services, Inc. has a 12-month low of $24.83 and a 12-month high of $50.43. 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 firm has a fifty day moving average price of $44.05 and a 200-day moving average price of $37.44.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). The company had revenue of $309.52 million for 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%. Equities research analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services’s dividend payout ratio is currently 277.97%.

Insider Buying and Selling

In related 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 shares were sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the sale, the insider now directly owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by insiders.

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.