Jupiter Topco LLC Purchases Shares of 43,481 Kodiak Gas Services, Inc. $KGS

Jupiter Topco LLC purchased a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 43,481 shares of the company’s stock, valued at approximately $3,268,000.

Several other hedge funds have also made changes to their positions in KGS. Advisors Preferred LLC acquired a new position in Kodiak Gas Services in the second quarter valued at $1,986,000. Crown Advisors Management Inc. purchased a new position in Kodiak Gas Services during the second quarter worth about $4,508,000. Charles Schwab Investment Management Inc. boosted its stake in Kodiak Gas Services by 29.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company’s stock worth $33,713,000 after buying an additional 203,809 shares during the last quarter. HighTower Advisors LLC boosted its stake in Kodiak Gas Services by 40.5% in the 4th quarter. HighTower Advisors LLC now owns 57,699 shares of the company’s stock worth $2,158,000 after buying an additional 16,619 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Kodiak Gas Services by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock worth $181,108,000 after buying an additional 135,998 shares during the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Insider Activity

In other Kodiak Gas Services news, insider Pedro R. Buhigas sold 4,625 shares of Kodiak Gas Services stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $67.78, for a total transaction of $313,482.50. Following the transaction, the insider directly owned 38,454 shares of the company’s stock, valued at $2,606,412.12. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Cory Anne Roclawski sold 4,169 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $68.36, for a total transaction of $284,992.84. Following the sale, the executive vice president owned 24,662 shares of the company’s stock, valued at approximately $1,685,894.32. This represents a 14.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 25,530 shares of company stock worth $1,651,959. Insiders own 0.64% of the company’s stock.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock opened at $61.72 on Thursday. Kodiak Gas Services, Inc. has a twelve month low of $32.55 and a twelve month high of $77.68. The stock has a market capitalization of $6.24 billion, a P/E ratio of 73.48, a PEG ratio of 0.87 and a beta of 0.96. The company has a current ratio of 1.45, a quick ratio of 1.15 and a debt-to-equity ratio of 1.28. The business’s fifty day moving average price is $63.62 and its 200 day moving average price is $63.23.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). The firm had revenue of $391.12 million for the quarter, compared to analysts’ expectations of $386.30 million. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. Kodiak Gas Services’s revenue was up 21.2% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. As a group, research analysts anticipate that Kodiak Gas Services, Inc. will post 2.44 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 17th were issued a dividend of $0.49 per share. The ex-dividend date was Monday, August 17th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.2%. Kodiak Gas Services’s payout ratio is presently 233.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KGS. Jefferies Financial Group dropped their price objective on shares of Kodiak Gas Services from $79.00 to $69.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Wednesday, August 26th. Citigroup raised their target price on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Stifel Nicolaus boosted their target price on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Finally, The Goldman Sachs Group upped their price target on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Kodiak Gas Services presently has an average rating of “Moderate Buy” and an average price target of $78.89.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.