Westend Capital Management LLC Makes New $13.59 Million Investment in Kodiak Gas Services, Inc. $KGS

Westend Capital Management LLC acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 363,230 shares of the company’s stock, valued at approximately $13,585,000. Kodiak Gas Services comprises approximately 3.8% of Westend Capital Management LLC’s investment portfolio, making the stock its 12th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in Kodiak Gas Services by 59.9% in the second quarter. Invesco Ltd. now owns 4,869,346 shares of the company’s stock valued at $166,872,000 after acquiring an additional 1,824,407 shares in 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 valued at $170,476,000 after buying an additional 1,348,357 shares during the period. Deprince Race & Zollo Inc. acquired a new stake in Kodiak Gas Services during the third quarter worth about $28,385,000. Goldman Sachs Group Inc. raised its stake 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 worth $73,979,000 after acquiring an additional 730,180 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Kodiak Gas Services by 2,201.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 617,151 shares of the company’s stock worth $21,150,000 after acquiring an additional 590,337 shares during the last quarter. 24.95% of the stock is owned by hedge funds and other institutional investors.

Kodiak Gas Services Price Performance

Shares of KGS opened at $57.39 on Tuesday. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 65.96 and a beta of 1.10. The stock’s fifty day moving average is $51.01 and its 200-day moving average is $40.95. Kodiak Gas Services, Inc. has a one year low of $29.25 and a one year high of $60.07. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.57 and a current ratio of 0.84.

Kodiak Gas Services (NYSE:KGS) last announced 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 the consensus estimate of $330.95 million. During the same quarter in the prior year, the company earned $0.21 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. Equities analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, February 13th. Kodiak Gas Services’s payout ratio is currently 225.29%.

Insiders Place Their Bets

In other Kodiak Gas Services news, Director Alexander Newsom Darden purchased 5,000 shares of the company’s stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $54.75 per share, for a total transaction of $273,750.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at $273,750. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Ewan William Hamilton sold 5,797 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total transaction of $325,675.46. Following the completion of the sale, the chief accounting officer directly owned 34,346 shares of the company’s stock, valued at $1,929,558.28. The trade was a 14.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 11,433 shares of company stock valued at $624,360 and have sold 58,673 shares valued at $3,269,110. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Barclays lifted their target price on Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Citigroup raised their price target on Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Mizuho boosted their price objective on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. The Goldman Sachs Group upped their price objective 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. Finally, Royal Bank Of Canada raised their target price on Kodiak Gas Services from $45.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company 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.