Virtu Financial LLC Buys Shares of 5,432 Kodiak Gas Services, Inc. (NYSE:KGS)

Virtu Financial LLC purchased a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,432 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tidal Investments LLC acquired a new position in Kodiak Gas Services during the 3rd quarter worth about $598,000. Barclays PLC boosted its stake in shares of Kodiak Gas Services by 209.3% in the third quarter. Barclays PLC now owns 42,350 shares of the company’s stock valued at $1,228,000 after purchasing an additional 28,658 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Kodiak Gas Services by 155.8% in the fourth quarter. Victory Capital Management Inc. now owns 262,329 shares of the company’s stock valued at $10,711,000 after purchasing an additional 159,772 shares in the last quarter. State Street Corp grew its holdings in shares of Kodiak Gas Services by 8.7% in the third quarter. State Street Corp now owns 678,925 shares of the company’s stock valued at $19,689,000 after purchasing an additional 54,202 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Kodiak Gas Services by 16.8% during the 3rd quarter. Geode Capital Management LLC now owns 547,815 shares of the company’s stock worth $15,890,000 after buying an additional 78,811 shares during the period. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KGS shares. Barclays dropped their price target on shares of Kodiak Gas Services from $44.00 to $41.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. Raymond James reissued an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Truist Financial increased their price target on Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. Royal Bank of Canada set a $45.00 target price on shares of Kodiak Gas Services and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.91.

Insider Activity

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the transaction, the insider now directly owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

Kodiak Gas Services Stock Up 0.2 %

Shares of NYSE:KGS opened at $37.56 on Friday. Kodiak Gas Services, Inc. has a 12-month low of $24.84 and a 12-month high of $50.43. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The stock’s 50-day moving average price is $42.55 and its two-hundred day moving average price is $38.28. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 129.51 and a beta of 1.30.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.15). Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The firm had revenue of $309.52 million for the quarter, compared to analyst estimates of $323.82 million. On average, research analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 4.37%. Kodiak Gas Services’s payout ratio is currently 277.97%.

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.