Riverwater Partners LLC Makes New Investment in Kodiak Gas Services, Inc. $KGS

Riverwater Partners LLC acquired a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 33,416 shares of the company’s stock, valued at approximately $1,250,000.

Several other hedge funds have also recently bought and sold shares of KGS. Nisa Investment Advisors LLC raised its stake 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 acquiring an additional 364 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of 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 buying an additional 1,156 shares in the last quarter. State of Wyoming increased its stake in shares of Kodiak Gas Services by 201.7% in the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after buying an additional 815 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after buying an additional 556 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of 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 buying an additional 646 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KGS has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Jefferies Financial Group initiated coverage on shares of Kodiak Gas Services in a report on Thursday, June 4th. They set a “buy” rating and a $79.00 price objective on the stock. Zacks Research raised shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. The Goldman Sachs Group increased their price objective on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Stifel Nicolaus set a $84.00 price objective on shares of Kodiak Gas Services in a report on Tuesday, May 12th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $75.22.

Insider Buying and Selling

In other news, COO William Chad Lenamon sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $67.79, for a total transaction of $67,790.00. Following the completion of the transaction, the chief operating officer directly owned 90,918 shares in the company, valued at approximately $6,163,331.22. The trade was a 1.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $776,987.66. Following the transaction, the insider owned 42,723 shares of the company’s stock, valued at $2,380,952.79. The trade was a 24.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,682 shares of company stock valued at $1,876,438 over the last 90 days. 0.64% of the stock is owned by corporate insiders.

Kodiak Gas Services Price Performance

Kodiak Gas Services stock opened at $67.27 on Friday. The firm has a market capitalization of $5.97 billion, a P/E ratio of 90.91, a PEG ratio of 0.93 and a beta of 0.94. Kodiak Gas Services, Inc. has a 1 year low of $30.06 and a 1 year high of $77.68. The business has a 50-day moving average of $67.12 and a 200-day moving average of $52.50. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38.

Kodiak Gas Services (NYSE:KGS) last posted its 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 company had revenue of $345.76 million during 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 revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS. On average, equities analysts anticipate that Kodiak Gas Services, Inc. will post 2.35 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s payout ratio is presently 264.86%.

About Kodiak Gas Services

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.