SG Americas Securities LLC boosted its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS – Free Report) by 305.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,515 shares of the company’s stock after purchasing an additional 13,198 shares during the period. SG Americas Securities LLC’s holdings in Kodiak Gas Services were worth $715,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of KGS. FMR LLC grew its stake in shares of Kodiak Gas Services by 444.4% in the 3rd quarter. FMR LLC now owns 4,889,804 shares of the company’s stock worth $141,804,000 after buying an additional 3,991,630 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Kodiak Gas Services in the 3rd quarter worth approximately $44,558,000. Zimmer Partners LP grew its stake in shares of Kodiak Gas Services by 313.0% in the 3rd quarter. Zimmer Partners LP now owns 1,779,851 shares of the company’s stock worth $51,616,000 after buying an additional 1,348,899 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Kodiak Gas Services in the 3rd quarter worth approximately $9,741,000. Finally, Brookfield Corp ON purchased a new stake in shares of Kodiak Gas Services in the 3rd quarter worth approximately $8,343,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently issued reports on KGS shares. Raymond James upped their price objective on Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Barclays upped their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Mizuho began coverage on Kodiak Gas Services in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price objective for the company. Citigroup upped their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, Truist Financial increased their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.36.
Insider Buying and Selling at Kodiak Gas Services
In other news, insider Ewan William Hamilton sold 3,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the sale, the insider now owns 31,745 shares in the company, valued at approximately $1,284,085.25. This trade represents a 8.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.
Kodiak Gas Services Stock Performance
Shares of KGS stock opened at $47.99 on Thursday. The firm has a market cap of $4.20 billion, a P/E ratio of 165.49 and a beta of 1.15. Kodiak Gas Services, Inc. has a one year low of $22.64 and a one year high of $49.72. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The firm’s 50 day moving average price is $42.58 and its 200-day moving average price is $34.19.
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.
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