Argentarii LLC Boosts Stock Position in Kodiak Gas Services, Inc. $KGS

Argentarii LLC raised its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 293.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,620 shares of the company’s stock after acquiring an additional 17,620 shares during the period. Argentarii LLC’s holdings in Kodiak Gas Services were worth $883,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Viking Fund Management LLC boosted its stake in shares of Kodiak Gas Services by 23.6% in the 4th quarter. Viking Fund Management LLC now owns 157,000 shares of the company’s stock valued at $5,872,000 after purchasing an additional 30,000 shares in the last quarter. GAMMA Investing LLC raised its position in Kodiak Gas Services by 80.3% in the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after purchasing an additional 556 shares during the period. CIBC Bancorp USA Inc. purchased a new position in Kodiak Gas Services in the 3rd quarter worth $266,000. Maven Securities LTD bought a new stake in Kodiak Gas Services in the third quarter worth $466,000. Finally, Advisory Services Network LLC lifted its stake in Kodiak Gas Services by 12.0% in the third quarter. Advisory Services Network LLC now owns 9,300 shares of the company’s stock worth $344,000 after purchasing an additional 1,000 shares during the last quarter. 24.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KGS. Weiss Ratings reissued a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Barclays raised their price target on Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Mizuho lifted their target price on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Finally, Royal Bank Of Canada increased their price target on shares of Kodiak Gas Services from $45.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, March 19th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Kodiak Gas Services presently has an average rating of “Moderate Buy” and a consensus price target of $54.57.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $58.71 on Friday. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 67.49 and a beta of 1.11. The stock has a fifty day moving average of $50.21 and a 200 day moving average of $40.51. Kodiak Gas Services, Inc. has a 52 week low of $29.25 and a 52 week high of $60.07. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 2.12.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The company had revenue of $332.87 million for the quarter, compared to the consensus estimate of $330.95 million. Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were issued a $0.49 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.96 annualized dividend and a yield of 3.3%. Kodiak Gas Services’s dividend payout ratio (DPR) is 225.29%.

Insiders Place Their Bets

In other news, Director Randall J. Hogan bought 6,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was purchased at an average price of $54.81 per share, with a total value of $328,860.00. Following the transaction, the director owned 28,406 shares of the company’s stock, valued at approximately $1,556,932.86. The trade was a 26.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexander Newsom Darden acquired 5,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $54.75 per share, with a total value of $273,750.00. Following the acquisition, the director owned 5,000 shares of the company’s stock, valued at $273,750. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 11,433 shares of company stock valued at $624,360 and sold 58,673 shares valued at $3,269,110. 0.27% 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.