SG Americas Securities LLC Has $2.04 Million Stake in Kodiak Gas Services, Inc. $KGS

SG Americas Securities LLC boosted its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 922.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 55,262 shares of the company’s stock after buying an additional 49,859 shares during the quarter. SG Americas Securities LLC’s holdings in Kodiak Gas Services were worth $2,043,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of KGS. Allworth Financial LP boosted its position in shares of Kodiak Gas Services by 1,850.0% in the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after buying an additional 703 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Kodiak Gas Services by 1,501.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after acquiring an additional 1,156 shares in the last quarter. Amplify Investments LLC lifted its stake in Kodiak Gas Services by 35.7% in the 3rd quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock worth $98,000 after acquiring an additional 700 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in Kodiak Gas Services by 100.0% during the 3rd quarter. Salem Investment Counselors Inc. now owns 3,000 shares of the company’s stock worth $111,000 after acquiring an additional 1,500 shares during the period. Finally, Fourth Dimension Wealth LLC purchased a new position in Kodiak Gas Services during the 2nd quarter valued at about $159,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on KGS shares. William Blair initiated coverage on Kodiak Gas Services in a report on Tuesday, November 18th. They issued an “outperform” rating on the stock. Zacks Research lowered shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Royal Bank Of Canada increased their target price on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Stifel Nicolaus set a $48.00 price target on shares of Kodiak Gas Services in a report on Thursday, November 6th. Finally, Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Kodiak Gas Services has a consensus rating of “Moderate Buy” and an average price target of $44.83.

Kodiak Gas Services Price Performance

Shares of KGS opened at $36.17 on Thursday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98. The firm has a market cap of $3.14 billion, a PE ratio of 45.21 and a beta of 1.31. The firm’s 50 day moving average price is $35.65 and its 200 day moving average price is $34.70. Kodiak Gas Services, Inc. has a twelve month low of $29.25 and a twelve month high of $50.43.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.14). The business had revenue of $322.74 million during the quarter, compared to the consensus estimate of $328.23 million. Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.The business’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.07) earnings per share. As a group, research analysts expect that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, November 3rd. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.45. This represents a $1.96 annualized dividend and a yield of 5.4%. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 245.00%.

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.