Kodiak Gas Services, Inc. $KGS Stock Position Lowered by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS – Free Report) by 40.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,700 shares of the company’s stock after selling 21,800 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Kodiak Gas Services were worth $1,679,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Hanseatic Management Services Inc. increased its stake in Kodiak Gas Services by 2.0% in the 3rd quarter. Hanseatic Management Services Inc. now owns 15,633 shares of the company’s stock valued at $828,000 after buying an additional 310 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Kodiak Gas Services by 29.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,545 shares of the company’s stock worth $90,000 after acquiring an additional 352 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Kodiak Gas Services in the second quarter valued at about $29,000. GAMMA Investing LLC boosted its holdings in shares of Kodiak Gas Services by 20.8% in the second quarter. GAMMA Investing LLC now owns 2,646 shares of the company’s stock valued at $199,000 after acquiring an additional 456 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Kodiak Gas Services by 0.4% in the first quarter. Swiss National Bank now owns 169,500 shares of the company’s stock valued at $9,885,000 after acquiring an additional 600 shares in the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KGS has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price target on shares of Kodiak Gas Services from $69.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Zacks Research downgraded shares of Kodiak Gas Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Wednesday, August 26th. Piper Sandler assumed coverage on Kodiak Gas Services in a report on Tuesday, July 28th. They issued an “overweight” rating and a $78.00 price objective on the stock. Finally, Bank of America dropped their target price on Kodiak Gas Services from $83.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, October 27th. Thirteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.18.

View Our Latest Research Report on Kodiak Gas Services

Kodiak Gas Services Price Performance

Kodiak Gas Services stock opened at $46.58 on Wednesday. The company has a market cap of $4.72 billion, a P/E ratio of 23.40 and a beta of 1.07. Kodiak Gas Services, Inc. has a one year low of $32.55 and a one year high of $77.68. The business has a fifty day moving average of $54.02 and a two-hundred day moving average of $59.04. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45.

Kodiak Gas Services (NYSE:KGS – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). The company had revenue of $391.12 million for the quarter, compared to analyst estimates of $386.30 million. Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. As a group, analysts predict that Kodiak Gas Services, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kodiak Gas Services news, insider Pedro R. Buhigas sold 3,663 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $58.14, for a total value of $212,966.82. Following the completion of the transaction, the insider directly owned 32,413 shares of the company’s stock, valued at approximately $1,884,491.82. This trade represents a 10.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO William Lenamon sold 1,000 shares of the stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $53.25, for a total transaction of $53,250.00. Following the completion of the transaction, the chief operating officer directly owned 84,294 shares of the company’s stock, valued at approximately $4,488,655.50. This trade represents a 1.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 20,336 shares of company stock valued at $1,203,897. Corporate insiders own 0.64% of the company’s stock.

Kodiak Gas Services Company Profile

(Free Report)

Kodiak Gas Services, Inc (NYSE: KGS) provides contract compression and related infrastructure services to the North American oil and gas industry. The company helps producers and midstream operators move natural gas through gathering systems, processing facilities and pipelines by supplying compression equipment and operating it under long-term service arrangements.

Its services include the design, installation, operation and maintenance of natural gas compression systems. Kodiak owns and manages a fleet of compression units that can be deployed across a range of applications, including natural gas gathering and processing.

See Also

Institutional Ownership by Quarter for Kodiak Gas Services (NYSE:KGS)

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