Aurora Investment Counsel Buys New Shares in Kodiak Gas Services, Inc. (NYSE:KGS)

Aurora Investment Counsel purchased a new position in Kodiak Gas Services, Inc. (NYSE:KGS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 68,815 shares of the company’s stock, valued at approximately $2,810,000. Kodiak Gas Services comprises 1.5% of Aurora Investment Counsel’s holdings, making the stock its 8th biggest holding. Aurora Investment Counsel owned 0.08% of Kodiak Gas Services as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Kodiak Gas Services by 444.4% in the third 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 period. Zimmer Partners LP boosted its stake in 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 purchasing an additional 1,348,899 shares during the period. Wellington Management Group LLP purchased a new position in Kodiak Gas Services during the 3rd quarter worth approximately $44,558,000. State Street Corp grew its position in Kodiak Gas Services by 8.7% during the 3rd quarter. State Street Corp now owns 678,925 shares of the company’s stock worth $19,689,000 after purchasing an additional 54,202 shares in the last quarter. Finally, Augustine Asset Management Inc. raised its stake in Kodiak Gas Services by 1,761.2% during the 4th quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company’s stock valued at $26,141,000 after purchasing an additional 605,844 shares during the period. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $36.17 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 company’s fifty day moving average price is $43.97 and its 200 day moving average price is $37.43. The company has a market capitalization of $3.18 billion, a PE ratio of 124.72 and a beta of 1.30. Kodiak Gas Services, Inc. has a one year low of $24.83 and a one year high of $50.43.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly 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 return on equity of 7.91% and a net margin of 2.23%. The business had revenue of $309.52 million for the quarter, compared to analyst estimates of $323.82 million. As a group, analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were given a dividend of $0.41 per share. The ex-dividend date was Friday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 4.53%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 277.97%.

Analyst Ratings Changes

Several research firms have weighed in on KGS. Barclays lifted their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Mizuho upped their price objective on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Citigroup boosted their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. The Goldman Sachs Group increased their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Raymond James restated an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Two 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, Kodiak Gas Services currently has an average rating of “Moderate Buy” and an average price target of $42.18.

Insider Activity at Kodiak Gas Services

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by insiders.

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.