Seven Grand Managers LLC Has $18.70 Million Holdings in Kodiak Gas Services, Inc. $KGS

Seven Grand Managers LLC lifted its holdings in Kodiak Gas Services, Inc. (NYSE:KGSFree Report) by 400.0% in the 4th quarter, Holdings Channel reports. The firm owned 500,000 shares of the company’s stock after buying an additional 400,000 shares during the quarter. Kodiak Gas Services accounts for 1.4% of Seven Grand Managers LLC’s portfolio, making the stock its 21st biggest holding. Seven Grand Managers LLC’s holdings in Kodiak Gas Services were worth $18,700,000 at the end of the most recent quarter.

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

Insider Activity at Kodiak Gas Services

In other news, CAO Ewan William Hamilton sold 5,797 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total transaction of $325,675.46. Following the transaction, the chief accounting officer owned 34,346 shares in the company, valued at approximately $1,929,558.28. The trade was a 14.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Randall J. Hogan acquired 6,000 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were bought at an average price of $54.81 per share, for a total transaction of $328,860.00. Following the acquisition, the director owned 28,406 shares in the company, valued at approximately $1,556,932.86. This trade represents a 26.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 58,673 shares of company stock worth $3,269,110. Insiders own 0.64% of the company’s stock.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $70.43 on Thursday. The company has a market capitalization of $6.25 billion, a PE ratio of 95.17, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. Kodiak Gas Services, Inc. has a one year low of $30.06 and a one year high of $77.68. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.99. The company’s fifty day moving average price is $65.07 and its 200 day moving average price is $49.92.

Kodiak Gas Services (NYSE:KGSGet Free Report) last announced its earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. The firm had revenue of $345.76 million for the quarter, compared to the consensus estimate of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. As a group, analysts expect that Kodiak Gas Services, Inc. will post 2.35 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.49 per share. The ex-dividend date is Monday, May 18th. This represents a $1.96 annualized dividend and a dividend yield of 2.8%. Kodiak Gas Services’s payout ratio is presently 264.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KGS shares. Zacks Research raised shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Citigroup lifted their target price on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. The Goldman Sachs Group lifted their target price on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Barclays lifted their target price on shares of Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.75.

Get Our Latest Stock Report on Kodiak Gas Services

Kodiak Gas Services Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding KGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kodiak Gas Services, Inc. (NYSE:KGSFree Report).

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

Receive News & Ratings for Kodiak Gas Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kodiak Gas Services and related companies with MarketBeat.com's FREE daily email newsletter.