Legal & General Group Plc Purchases 34,299 Shares of Kodiak Gas Services, Inc. $KGS

Legal & General Group Plc boosted its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 19.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 213,290 shares of the company’s stock after buying an additional 34,299 shares during the quarter. Legal & General Group Plc’s holdings in Kodiak Gas Services were worth $7,977,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KGS. Nisa Investment Advisors LLC boosted its holdings in Kodiak Gas Services by 52.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after buying an additional 364 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Kodiak Gas Services by 1,501.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after purchasing an additional 1,156 shares during the period. GAMMA Investing LLC raised its position in shares of Kodiak Gas Services by 80.3% during the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after purchasing an additional 556 shares during the period. PNC Financial Services Group Inc. raised its position in Kodiak Gas Services by 80.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after buying an additional 646 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in 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 buying an additional 1,383 shares during the last quarter. Institutional investors own 24.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Citigroup lifted their target price on Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. Barclays boosted their price target on Kodiak Gas Services from $60.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Jefferies Financial Group started coverage on Kodiak Gas Services in a research note on Thursday. They issued a “buy” rating and a $79.00 price target for the company. Finally, Wells Fargo & Company assumed coverage on Kodiak Gas Services in a report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price objective for the company. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.22.

Insider Buying and Selling at Kodiak Gas Services

In other news, CAO Ewan William Hamilton sold 5,797 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $56.18, for a total value of $325,675.46. Following the completion of the transaction, the chief accounting officer directly owned 34,346 shares of the company’s stock, valued at $1,929,558.28. This trade represents a 14.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Randall J. Hogan purchased 6,000 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $54.81 per share, with a total value of $328,860.00. Following the completion of the acquisition, the director directly owned 28,406 shares of the company’s stock, valued at approximately $1,556,932.86. This trade represents a 26.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 58,673 shares of company stock valued at $3,269,110 in the last quarter. Insiders own 0.64% of the company’s stock.

Kodiak Gas Services Trading Down 4.5%

Shares of KGS stock opened at $65.06 on Friday. Kodiak Gas Services, Inc. has a 1-year low of $30.06 and a 1-year high of $77.68. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38. The stock has a 50-day moving average of $66.41 and a 200-day moving average of $51.43. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 87.91, a PEG ratio of 0.96 and a beta of 0.94.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05. The business had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. On average, equities research analysts forecast that Kodiak Gas Services, Inc. will post 2.35 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio is 264.86%.

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.