Capricorn Fund Managers Ltd Takes Position in Kodiak Gas Services, Inc. $KGS

Capricorn Fund Managers Ltd acquired a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 100,000 shares of the company’s stock, valued at approximately $3,740,000. Capricorn Fund Managers Ltd owned about 0.12% of Kodiak Gas Services at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its holdings in shares of Kodiak Gas Services by 52.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after acquiring an additional 364 shares during the last quarter. Westend Capital Management LLC acquired a new stake in shares of Kodiak Gas Services during the fourth quarter valued at $13,585,000. Exchange Traded Concepts LLC boosted its stake in shares of Kodiak Gas Services by 16.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 77,305 shares of the company’s stock valued at $2,891,000 after acquiring an additional 11,101 shares during the last quarter. Stablepoint Partners LLC purchased a new stake in Kodiak Gas Services during the 4th quarter worth about $342,000. Finally, Argentarii LLC raised its stake in Kodiak Gas Services by 293.7% in the 4th quarter. Argentarii LLC now owns 23,620 shares of the company’s stock valued at $883,000 after purchasing an additional 17,620 shares during the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Trading Up 0.2%

NYSE KGS opened at $58.07 on Monday. The company has a market cap of $4.99 billion, a P/E ratio of 66.75 and a beta of 0.96. Kodiak Gas Services, Inc. has a 12 month low of $29.25 and a 12 month high of $60.07. 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 50-day moving average of $52.50 and a 200-day moving average of $41.65.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The company had revenue of $332.87 million during the quarter, compared to analysts’ expectations of $330.95 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Kodiak Gas Services’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities analysts predict 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. Stockholders of record on Friday, February 13th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.4%. Kodiak Gas Services’s payout ratio is currently 225.29%.

Insider Activity at Kodiak Gas Services

In other news, Director Alexander Newsom Darden acquired 5,000 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $54.75 per share, for a total transaction of $273,750.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at approximately $273,750. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Pedro R. Buhigas sold 13,942 shares of Kodiak Gas Services stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $55.73, for a total value of $776,987.66. Following the completion of the transaction, the insider owned 42,723 shares in the company, valued at $2,380,952.79. The trade was a 24.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders bought 11,433 shares of company stock worth $624,360 and sold 58,673 shares worth $3,269,110. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on KGS shares. Citigroup raised their price target on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Barclays lifted their target price on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Finally, The Goldman Sachs Group increased their price target on Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.57.

Kodiak Gas Services Company 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.