Pursuit Wealth Management LLC Purchases Shares of 10,908 Kodiak Gas Services, Inc. $KGS

Pursuit Wealth Management LLC acquired a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,908 shares of the company’s stock, valued at approximately $408,000.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in Kodiak Gas Services by 492.8% in the third quarter. Principal Financial Group Inc. now owns 399,041 shares of the company’s stock worth $14,753,000 after buying an additional 331,732 shares in the last quarter. Rhumbline Advisers grew its position in Kodiak Gas Services by 126.9% during the 3rd quarter. Rhumbline Advisers now owns 179,160 shares of the company’s stock worth $6,624,000 after acquiring an additional 100,194 shares during the last quarter. Public Sector Pension Investment Board purchased a new position in Kodiak Gas Services in the 3rd quarter worth approximately $9,491,000. Viking Fund Management LLC increased its stake in Kodiak Gas Services by 42.7% in the 3rd quarter. Viking Fund Management LLC now owns 127,000 shares of the company’s stock worth $4,695,000 after purchasing an additional 38,000 shares during the period. Finally, New York State Common Retirement Fund lifted its position in Kodiak Gas Services by 395.1% in the third quarter. New York State Common Retirement Fund now owns 84,838 shares of the company’s stock valued at $3,136,000 after purchasing an additional 67,704 shares during the last quarter. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Price Performance

NYSE:KGS opened at $61.63 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $5.29 billion, a P/E ratio of 70.84, a P/E/G ratio of 0.89 and a beta of 0.96. Kodiak Gas Services, Inc. has a 12 month low of $30.06 and a 12 month high of $63.62. The business’s 50-day moving average is $55.57 and its 200 day moving average is $43.03.

Kodiak Gas Services (NYSE:KGS) last released 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 firm had revenue of $332.87 million for the quarter, compared to analysts’ expectations of $330.95 million. Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. On average, equities research analysts forecast 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. Investors of record on Friday, February 13th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services’s payout ratio is currently 225.29%.

Insider Buying and Selling

In other Kodiak Gas Services news, EVP Cory Anne Roclawski sold 10,852 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $54.41, for a total transaction of $590,457.32. Following the completion of the transaction, the executive vice president owned 31,405 shares in the company, valued at $1,708,746.05. This trade represents a 25.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Pedro R. Buhigas sold 13,942 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $55.73, for a total transaction of $776,987.66. Following the completion of the sale, the insider owned 42,723 shares in the company, valued at approximately $2,380,952.79. This trade represents a 24.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have purchased 11,433 shares of company stock valued at $624,360 and have sold 58,673 shares valued at $3,269,110. Company insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Zacks Research cut shares of Kodiak Gas Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. Royal Bank Of Canada increased their price target on shares of Kodiak Gas Services from $45.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. Barclays raised 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. Finally, Mizuho upped their price target on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.57.

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.