Virtu Financial LLC Acquires Shares of 5,432 Kodiak Gas Services, Inc. (NYSE:KGS)

Virtu Financial LLC bought a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the fourth quarter, HoldingsChannel reports. The firm bought 5,432 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP raised its position in shares of Kodiak Gas Services by 8.2% during the 4th quarter. Quantbot Technologies LP now owns 58,822 shares of the company’s stock valued at $2,402,000 after acquiring an additional 4,482 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Kodiak Gas Services by 162.0% during the fourth quarter. Royce & Associates LP now owns 340,550 shares of the company’s stock worth $13,905,000 after purchasing an additional 210,550 shares during the period. Aurora Investment Counsel acquired a new stake in shares of Kodiak Gas Services during the fourth quarter worth $2,810,000. Swiss National Bank lifted its position in shares of Kodiak Gas Services by 16.4% in the 4th quarter. Swiss National Bank now owns 57,500 shares of the company’s stock worth $2,348,000 after buying an additional 8,100 shares during the last quarter. Finally, Burkehill Global Management LP acquired a new position in shares of Kodiak Gas Services in the 4th quarter valued at about $12,249,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Insider Buying and Selling

In related 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 completion of the transaction, the insider now owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

Kodiak Gas Services Trading Up 0.2 %

NYSE:KGS opened at $37.56 on Friday. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 129.51 and a beta of 1.30. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. Kodiak Gas Services, Inc. has a 1 year low of $24.84 and a 1 year high of $50.43. The business has a fifty day moving average of $42.55 and a 200-day moving average of $38.28.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) 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 company had revenue of $309.52 million during the quarter, compared to the consensus estimate of $323.82 million. Equities analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

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

Analyst Upgrades and Downgrades

KGS has been the topic of several research reports. JPMorgan Chase & Co. increased their price objective on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, November 29th. Barclays lowered their target price on Kodiak Gas Services from $44.00 to $41.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. 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 report on Tuesday, March 11th. Mizuho upped their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Finally, Citigroup increased their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research 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, Kodiak Gas Services presently has an average rating of “Moderate Buy” and a consensus price target of $41.91.

About Kodiak Gas Services

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.