Boothbay Fund Management LLC Increases Holdings in Kodiak Gas Services, Inc. $KGS

Boothbay Fund Management LLC grew its holdings in Kodiak Gas Services, Inc. (NYSE:KGS) by 116.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 102,862 shares of the company’s stock after acquiring an additional 55,409 shares during the quarter. Boothbay Fund Management LLC owned about 0.12% of Kodiak Gas Services worth $3,803,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Allworth Financial LP boosted its holdings in Kodiak Gas Services by 1,850.0% in the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after purchasing an additional 703 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Kodiak Gas Services by 1,501.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after acquiring an additional 1,156 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Kodiak Gas Services by 80.4% in the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after acquiring an additional 646 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Kodiak Gas Services by 652.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,595 shares of the company’s stock valued at $60,000 after purchasing an additional 1,383 shares during the period. Finally, Amplify Investments LLC boosted its position in shares of Kodiak Gas Services by 35.7% in the 3rd quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock valued at $98,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 24.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Mizuho lifted their price target on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. The Goldman Sachs Group raised their target price on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Barclays upped their price target on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $51.86.

Kodiak Gas Services Price Performance

Shares of NYSE KGS opened at $55.18 on Tuesday. The stock has a fifty day moving average price of $46.80 and a 200 day moving average price of $39.35. Kodiak Gas Services, Inc. has a 1-year low of $29.25 and a 1-year high of $58.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57. The company has a market cap of $4.74 billion, a PE ratio of 63.42 and a beta of 1.10.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The firm had revenue of $332.87 million for the quarter, compared to analysts’ expectations of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. Sell-side analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were given a $0.49 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.6%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 225.29%.

Insider Activity

In other Kodiak Gas Services news, Director Alexander Newsom Darden acquired 5,000 shares of the stock in a transaction on Friday, March 13th. The shares were bought 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 trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Randall J. Hogan bought 6,000 shares of the company’s stock in a transaction on Friday, March 13th. The shares were acquired at an average price of $54.81 per share, for a total transaction of $328,860.00. Following the transaction, the director directly owned 28,406 shares in the company, valued at $1,556,932.86. This trade represents a 26.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 11,433 shares of company stock worth $624,360 in the last three months. 0.27% of the stock is currently owned by company insiders.

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.