Swiss National Bank Takes Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Swiss National Bank purchased a new stake in Kodiak Gas Services, Inc. (NYSE:KGSFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,800 shares of the company’s stock, valued at approximately $920,000. Swiss National Bank owned approximately 0.06% of Kodiak Gas Services at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in KGS. Amalgamated Bank purchased a new stake in shares of Kodiak Gas Services in the third quarter valued at approximately $32,000. Barclays PLC purchased a new stake in shares of Kodiak Gas Services in the third quarter valued at approximately $53,000. New York State Common Retirement Fund purchased a new stake in shares of Kodiak Gas Services in the third quarter valued at approximately $59,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Kodiak Gas Services in the fourth quarter worth approximately $127,000. Finally, Quantbot Technologies LP purchased a new position in Kodiak Gas Services in the third quarter worth approximately $174,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Margaret C. Montana acquired 2,000 shares of Kodiak Gas Services stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average cost of $25.25 per share, for a total transaction of $50,500.00. Following the completion of the purchase, the director now owns 16,375 shares in the company, valued at $413,468.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

Kodiak Gas Services Stock Up 0.5 %

NYSE:KGS opened at $26.55 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.11 and a debt-to-equity ratio of 1.60. The stock’s fifty day moving average is $27.41 and its two-hundred day moving average is $23.75. Kodiak Gas Services, Inc. has a 52 week low of $15.05 and a 52 week high of $29.43. The stock has a market capitalization of $2.24 billion and a price-to-earnings ratio of 30.36.

Kodiak Gas Services (NYSE:KGSGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The business had revenue of $215.50 million for the quarter, compared to analysts’ expectations of $220.55 million. Kodiak Gas Services had a return on equity of 7.33% and a net margin of 7.15%. Kodiak Gas Services’s revenue was up 13.4% on a year-over-year basis. Research analysts anticipate that Kodiak Gas Services, Inc. will post 1.71 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 13th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 5.73%. The ex-dividend date was Friday, May 10th. Kodiak Gas Services’s payout ratio is currently 172.73%.

Analysts Set New Price Targets

Several research analysts recently weighed in on KGS shares. Royal Bank of Canada increased their price objective on Kodiak Gas Services from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. Truist Financial increased their price objective on Kodiak Gas Services from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Raymond James increased their price objective on Kodiak Gas Services from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price target on Kodiak Gas Services from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, The Goldman Sachs Group upped their price target on Kodiak Gas Services from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.14.

Get Our Latest Analysis on Kodiak Gas Services

About Kodiak Gas Services

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Kodiak Gas Services (NYSE:KGS)

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