Alden Global Capital LLC Sells 30,600 Shares of Kodiak Gas Services, Inc. $KGS

Alden Global Capital LLC lowered its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 17.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,850 shares of the company’s stock after selling 30,600 shares during the period. Kodiak Gas Services accounts for about 2.6% of Alden Global Capital LLC’s investment portfolio, making the stock its 12th largest position. Alden Global Capital LLC’s holdings in Kodiak Gas Services were worth $5,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rhumbline Advisers increased its position in Kodiak Gas Services by 126.9% in the third quarter. Rhumbline Advisers now owns 179,160 shares of the company’s stock worth $6,624,000 after purchasing an additional 100,194 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Kodiak Gas Services by 29.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company’s stock worth $33,713,000 after purchasing an additional 203,809 shares during the last quarter. Westend Capital Management LLC bought a new stake in Kodiak Gas Services in the fourth quarter worth $13,585,000. Maven Securities LTD increased its position in Kodiak Gas Services by 694.0% in the fourth quarter. Maven Securities LTD now owns 100,000 shares of the company’s stock worth $3,740,000 after purchasing an additional 87,406 shares during the last quarter. Finally, Hiddenite Capital Partners LP bought a new stake in Kodiak Gas Services in the fourth quarter worth $11,220,000. Institutional investors own 24.95% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on KGS. Royal Bank Of Canada boosted their price target on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, May 18th. Jefferies Financial Group began coverage on shares of Kodiak Gas Services in a research report on Thursday, June 4th. They issued a “buy” rating and a $79.00 price target on the stock. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Citigroup boosted their price target on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Stifel Nicolaus set a $84.00 price target on shares of Kodiak Gas Services in a research report on Tuesday, May 12th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $75.22.

Insiders Place Their Bets

In other news, COO William Chad Lenamon sold 1,000 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $67.79, for a total transaction of $67,790.00. Following the completion of the sale, the chief operating officer directly owned 90,918 shares of the company’s stock, valued at approximately $6,163,331.22. The trade was a 1.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Ewan William Hamilton sold 2,729 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $68.62, for a total transaction of $187,263.98. Following the sale, the chief accounting officer directly owned 31,617 shares of the company’s stock, valued at $2,169,558.54. This represents a 7.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,354 shares of company stock valued at $568,536 over the last three months. 0.64% of the stock is owned by company insiders.

Kodiak Gas Services Stock Down 2.0%

NYSE KGS opened at $66.51 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38. The company has a fifty day moving average of $67.92 and a two-hundred day moving average of $53.45. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 89.87, a PEG ratio of 0.95 and a beta of 0.94. Kodiak Gas Services, Inc. has a 52 week low of $30.06 and a 52 week high of $77.68.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. The company had revenue of $345.76 million during the quarter, compared to analyst estimates of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. Kodiak Gas Services’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 earnings per share. On average, analysts predict that Kodiak Gas Services, Inc. will post 2.35 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, May 18th. Kodiak Gas Services’s payout ratio is presently 264.86%.

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.