Transcendent Capital Group LLC Acquires New Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Transcendent Capital Group LLC bought a new position in Kodiak Gas Services, Inc. (NYSE:KGS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,200 shares of the company’s stock, valued at approximately $49,000.

A number of other institutional investors have also recently made changes to their positions in KGS. GAMMA Investing LLC raised its holdings in Kodiak Gas Services by 94.7% in the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after acquiring an additional 342 shares during the last quarter. Mendota Financial Group LLC purchased a new stake in shares of Kodiak Gas Services during the fourth quarter valued at $122,000. Kestra Investment Management LLC bought a new stake in Kodiak Gas Services in the 4th quarter worth about $233,000. Quadrature Capital Ltd purchased a new position in Kodiak Gas Services in the 3rd quarter worth about $242,000. Finally, Dynamic Technology Lab Private Ltd lifted its stake in Kodiak Gas Services by 41.7% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 10,904 shares of the company’s stock valued at $316,000 after acquiring an additional 3,209 shares during the period. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Price Performance

NYSE KGS opened at $42.30 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. Kodiak Gas Services, Inc. has a 12 month low of $23.57 and a 12 month high of $50.43. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 145.88 and a beta of 1.18. The company’s 50 day moving average is $44.35 and its two-hundred day moving average is $36.49.

Kodiak Gas Services Dividend Announcement

The company also recently announced 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. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services’s dividend payout ratio (DPR) is 565.52%.

Analysts Set New Price Targets

Several brokerages recently issued reports on KGS. Barclays raised their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Mizuho raised their price target 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. The Goldman Sachs Group upped their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada raised their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, Truist Financial upped their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.09.

Insider Buying and Selling

In other Kodiak Gas Services 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 shares were sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the transaction, the insider now directly 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by insiders.

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.