Capital Fund Management S.A. Invests $754,000 in Kodiak Gas Services, Inc. (NYSE:KGS)

Capital Fund Management S.A. acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 18,474 shares of the company’s stock, valued at approximately $754,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its stake in Kodiak Gas Services by 94.7% in the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after purchasing an additional 342 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of 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 valued at $371,000 after buying an additional 405 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in Kodiak Gas Services by 1.6% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company’s stock worth $1,323,000 after buying an additional 500 shares during the last quarter. Amalgamated Bank raised its position in Kodiak Gas Services by 112.6% during the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock worth $45,000 after acquiring an additional 588 shares in the last quarter. Finally, Transcendent Capital Group LLC acquired a new stake in Kodiak Gas Services in the fourth quarter valued at $49,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Stock Up 1.3 %

KGS stock opened at $33.91 on Thursday. Kodiak Gas Services, Inc. has a fifty-two week low of $24.84 and a fifty-two week high of $50.43. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 116.94 and a beta of 1.52. The business’s fifty day moving average price is $38.34 and its two-hundred day moving average price is $38.76.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data 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 analyst estimates of $323.82 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. On average, equities analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services’s dividend payout ratio is currently 277.97%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KGS. Mizuho boosted their price objective on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Raymond James restated an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Truist Financial raised their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. Barclays decreased their target price on Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Citigroup raised their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.45.

Insiders Place Their Bets

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.27% of the company’s stock.

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.