Rockefeller Capital Management L.P. Raises Stock Position in Kodiak Gas Services, Inc. $KGS

Rockefeller Capital Management L.P. boosted its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 262.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,767 shares of the company’s stock after buying an additional 24,459 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Kodiak Gas Services were worth $1,263,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KGS. Royal Bank of Canada lifted its position in shares of Kodiak Gas Services by 67.5% during the 1st quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock worth $382,000 after buying an additional 4,126 shares during the last quarter. AQR Capital Management LLC lifted its position in Kodiak Gas Services by 64.9% in the first quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock valued at $793,000 after acquiring an additional 8,369 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Kodiak Gas Services by 44.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock valued at $1,000,000 after acquiring an additional 8,297 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Kodiak Gas Services by 58.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock valued at $73,979,000 after acquiring an additional 730,180 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Kodiak Gas Services by 102.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock worth $3,548,000 after purchasing an additional 48,122 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak Gas Services Price Performance

Shares of KGS opened at $72.37 on Thursday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28. Kodiak Gas Services, Inc. has a fifty-two week low of $30.06 and a fifty-two week high of $77.68. The firm has a 50-day simple moving average of $70.05 and a 200-day simple moving average of $55.99. The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of 97.80, a price-to-earnings-growth ratio of 1.05 and a beta of 0.89.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.54 by $0.05. The firm had revenue of $345.76 million during the quarter, compared to the consensus estimate of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.During the same period in the prior year, the business earned $0.33 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that Kodiak Gas Services, Inc. will post 2.36 earnings per share 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 issued a $0.49 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.7%. Kodiak Gas Services’s payout ratio is presently 264.86%.

Insider Transactions at Kodiak Gas Services

In other news, insider Pedro R. Buhigas sold 4,625 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $67.78, for a total transaction of $313,482.50. Following the completion of the sale, the insider owned 38,454 shares in the company, valued at $2,606,412.12. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Ewan William Hamilton sold 2,729 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $68.62, for a total transaction of $187,263.98. Following the completion of the transaction, the chief accounting officer directly owned 31,617 shares in the company, valued at $2,169,558.54. This represents a 7.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 8,354 shares of company stock worth $568,536 over the last 90 days. 0.64% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KGS. The Goldman Sachs Group boosted their target price on Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a report on Friday, May 15th. Barclays lifted their price target on Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Wells Fargo & Company started coverage on Kodiak Gas Services in a report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price objective for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. Finally, Zacks Research raised shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.25.

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.