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

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

A number of other hedge funds have also bought and sold shares of KGS. Invesco Ltd. increased its position in shares of Kodiak Gas Services by 29.5% during the 3rd quarter. Invesco Ltd. now owns 6,305,789 shares of the company’s stock valued at $233,125,000 after purchasing an additional 1,436,443 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Kodiak Gas Services by 41.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,611,188 shares of the company’s stock worth $170,476,000 after buying an additional 1,348,357 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Kodiak Gas Services by 19.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,593,033 shares of the company’s stock valued at $95,868,000 after buying an additional 418,227 shares during the period. Goldman Sachs Group Inc. grew its position in Kodiak Gas Services by 58.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock valued at $73,979,000 after buying an additional 730,180 shares during the period. Finally, American Century Companies Inc. boosted its stake in Kodiak Gas Services by 14.1% in the third quarter. American Century Companies Inc. now owns 1,851,322 shares of the company’s stock valued at $68,443,000 after acquiring an additional 229,220 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Royal Bank Of Canada raised their target price on Kodiak Gas Services from $45.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. Citigroup boosted their target price on Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Barclays upped their price objective on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.57.

Kodiak Gas Services Stock Down 0.7%

Shares of NYSE KGS opened at $58.71 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 2.12. The company has a market cap of $5.04 billion, a P/E ratio of 67.49 and a beta of 1.11. Kodiak Gas Services, Inc. has a 52 week low of $29.25 and a 52 week high of $60.07. The business has a 50-day simple moving average of $50.21 and a two-hundred day simple moving average of $40.51.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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 quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share. Research analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services’s dividend payout ratio (DPR) is 225.29%.

Insider Activity

In related news, Director Randall J. Hogan purchased 6,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $54.81 per share, with a total value of $328,860.00. Following the purchase, the director directly owned 28,406 shares in the company, valued at approximately $1,556,932.86. This represents a 26.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alexander Newsom Darden purchased 5,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $54.75 per share, with a total value of $273,750.00. Following the purchase, the director owned 5,000 shares in the company, valued at approximately $273,750. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 11,433 shares of company stock worth $624,360 and have sold 58,673 shares worth $3,269,110. Insiders own 0.27% of the company’s stock.

Kodiak Gas Services Profile

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.