AlphaQuest LLC Takes $483,000 Position in Kodiak Gas Services, Inc. (NYSE:KGS)

AlphaQuest LLC acquired a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 11,821 shares of the company’s stock, valued at approximately $483,000.

A number of other hedge funds have also recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Kodiak Gas Services during the 4th quarter valued at $276,000. Arizona State Retirement System grew its position in shares of Kodiak Gas Services by 16.5% during the 4th quarter. Arizona State Retirement System now owns 8,482 shares of the company’s stock valued at $346,000 after acquiring an additional 1,200 shares during the period. Victory Capital Management Inc. grew its position in shares of Kodiak Gas Services by 155.8% during the 4th quarter. Victory Capital Management Inc. now owns 262,329 shares of the company’s stock valued at $10,711,000 after acquiring an additional 159,772 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Kodiak Gas Services by 56.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,679 shares of the company’s stock valued at $12,644,000 after acquiring an additional 111,269 shares during the period. Finally, Bailard Inc. bought a new position in Kodiak Gas Services in the 4th quarter worth $363,000. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock opened at $37.01 on Thursday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. Kodiak Gas Services, Inc. has a 1-year low of $24.83 and a 1-year high of $50.43. The firm has a market capitalization of $3.24 billion, a P/E ratio of 127.63 and a beta of 1.30. The company’s 50-day moving average is $44.05 and its 200 day moving average is $37.44.

Kodiak Gas Services (NYSE:KGS) last posted 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 firm had revenue of $309.52 million during the quarter, compared to analysts’ expectations of $323.82 million. Research analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 277.97%.

Wall Street Analysts Forecast Growth

KGS has been the subject of several recent analyst reports. Truist Financial upped their target price on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. upped their target price on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, November 29th. 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. Raymond James reiterated an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Finally, 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 note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.18.

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 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 transaction, the insider now directly owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

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.