Kodiak Gas Services, Inc. (NYSE:KGS) Shares Sold by Jump Financial LLC

Jump Financial LLC trimmed its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 15.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,463 shares of the company’s stock after selling 14,655 shares during the quarter. Jump Financial LLC owned about 0.09% of Kodiak Gas Services worth $3,163,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KGS. FMR LLC lifted its holdings in Kodiak Gas Services by 50.2% in the fourth quarter. FMR LLC now owns 7,342,296 shares of the company’s stock valued at $299,786,000 after acquiring an additional 2,452,492 shares during the last quarter. Invesco Ltd. raised its position in Kodiak Gas Services by 1.1% in the fourth quarter. Invesco Ltd. now owns 2,942,782 shares of the company’s stock valued at $120,154,000 after purchasing an additional 32,966 shares during the period. Vanguard Group Inc. lifted its stake in shares of Kodiak Gas Services by 52.3% in the 4th quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company’s stock valued at $108,568,000 after purchasing an additional 913,104 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Kodiak Gas Services by 26.4% during the 4th quarter. American Century Companies Inc. now owns 939,459 shares of the company’s stock worth $38,358,000 after purchasing an additional 196,273 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Kodiak Gas Services by 51.0% during the 4th quarter. Geode Capital Management LLC now owns 827,274 shares of the company’s stock worth $33,786,000 after purchasing an additional 279,459 shares during the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Analyst Ratings Changes

KGS has been the topic of a number of recent analyst reports. Barclays decreased their target price on shares of Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Mizuho lifted their target price on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Truist Financial upped their price target on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Finally, Citigroup boosted their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.45.

Insider Buying and Selling

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm’s stock in a transaction dated 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 sale, the insider now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

Kodiak Gas Services Price Performance

Shares of NYSE KGS opened at $34.42 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 118.70 and a beta of 1.52. The stock’s 50-day moving average is $38.34 and its two-hundred day moving average is $38.76. Kodiak Gas Services, Inc. has a 1-year low of $24.84 and a 1-year high of $50.43.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $323.82 million. Analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were given a dividend of $0.41 per share. The ex-dividend date was Friday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 4.76%. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 277.97%.

Kodiak Gas Services 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.