Ramirez Asset Management Inc. Invests $650,000 in Kodiak Gas Services, Inc. (NYSE:KGS)

Ramirez Asset Management Inc. bought a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) in the fourth quarter, HoldingsChannel.com reports. The fund bought 15,925 shares of the company’s stock, valued at approximately $650,000.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after purchasing an additional 342 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of Kodiak Gas Services by 3.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company’s stock valued at $371,000 after buying an additional 405 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its position in shares of Kodiak Gas Services by 1.6% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company’s stock valued at $1,323,000 after buying an additional 500 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock valued at $45,000 after acquiring an additional 588 shares during the last quarter. Finally, Transcendent Capital Group LLC purchased a new position in Kodiak Gas Services in the fourth quarter worth about $49,000. Institutional investors own 24.95% of the company’s stock.

Insider Transactions at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of Kodiak Gas Services stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the transaction, the insider now directly owns 34,771,323 shares in the company, 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Kodiak Gas Services Price Performance

Kodiak Gas Services stock opened at $37.49 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 stock has a market cap of $3.32 billion, a price-to-earnings ratio of 129.28 and a beta of 1.30. The firm has a 50-day moving average of $42.75 and a two-hundred day moving average of $38.19. 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 issued 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 net margin of 2.23% and a return on equity of 7.91%. The firm had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. On average, research analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 277.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Barclays decreased their price objective on Kodiak Gas Services from $44.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Raymond James reissued an “outperform” rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Truist Financial raised their price target on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. JPMorgan Chase & Co. boosted their price objective on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, November 29th. Finally, Royal Bank of Canada set a $45.00 target price on shares of Kodiak Gas Services and gave the stock an “outperform” rating in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.91.

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.