Kodiak Gas Services, Inc. (NYSE:KGS) Shares Sold by Pier Capital LLC

Pier Capital LLC lowered its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 231,985 shares of the company’s stock after selling 3,618 shares during the quarter. Kodiak Gas Services accounts for about 1.4% of Pier Capital LLC’s portfolio, making the stock its 20th largest position. Pier Capital LLC’s holdings in Kodiak Gas Services were worth $9,472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC grew its stake in Kodiak Gas Services by 94.7% during the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after purchasing an additional 342 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Kodiak Gas Services by 3.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company’s stock worth $371,000 after buying an additional 405 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in shares of Kodiak Gas Services by 1.6% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company’s stock worth $1,323,000 after buying an additional 500 shares during the period. Amalgamated Bank raised its holdings in Kodiak Gas Services by 112.6% in the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock valued at $45,000 after acquiring an additional 588 shares in the last quarter. Finally, Transcendent Capital Group LLC purchased a new position in Kodiak Gas Services in the fourth quarter worth approximately $49,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the sale, the insider now directly owns 34,771,323 shares of the company’s stock, valued at approximately $1,651,637,842.50. This trade represents a 9.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

Kodiak Gas Services Trading Up 3.8 %

NYSE:KGS opened at $39.23 on Tuesday. The company has a market capitalization of $3.48 billion, a PE ratio of 135.26 and a beta of 1.30. Kodiak Gas Services, Inc. has a 52-week low of $24.84 and a 52-week high of $50.43. The stock’s 50 day moving average price is $43.23 and its 200 day moving average price is $38.11. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86.

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

Kodiak Gas Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services’s payout ratio is currently 277.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Royal Bank of Canada set a $45.00 price objective on shares of Kodiak Gas Services and gave the company an “outperform” rating in a research report on Tuesday, March 11th. Mizuho boosted their target price on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their price target on Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Citigroup lifted their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Barclays dropped their price objective on Kodiak Gas Services from $44.00 to $41.00 and set an “equal weight” rating on the stock in a report on Friday. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $41.91.

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.