Jefferies Financial Group Inc. Buys New Shares in Kodiak Gas Services, Inc. $KGS

Key Points

• Jefferies Financial Group disclosed a new fourth-quarter stake in Kodiak Gas Services, buying 55,618 shares worth about $2.08 million. The position represented roughly 0.06% of the company.
• Institutional interest in KGS remains active, with several funds increasing their holdings, including Goldman Sachs and UBS AM. Overall, institutional investors and hedge funds own about 24.95% of the stock.
• Kodiak Gas Services reported strong quarterly results, beating EPS and revenue estimates, and it also announced a quarterly dividend of $0.49 per share. Analysts remain generally positive, with a consensus rating of Moderate Buy and an average price target of $74.75.

Jefferies Financial Group Inc. bought a new stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 55,618 shares of the company's stock, valued at approximately $2,080,000. Jefferies Financial Group Inc. owned about 0.06% of Kodiak Gas Services as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of KGS. Royal Bank of Canada increased its position in Kodiak Gas Services by 67.5% during the first quarter. Royal Bank of Canada now owns 10,235 shares of the company's stock worth $382,000 after buying an additional 4,126 shares during the last quarter. AQR Capital Management LLC increased its position in Kodiak Gas Services by 64.9% during the first quarter. AQR Capital Management LLC now owns 21,261 shares of the company's stock worth $793,000 after buying an additional 8,369 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kodiak Gas Services by 44.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company's stock worth $1,000,000 after buying an additional 8,297 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Kodiak Gas Services by 58.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company's stock worth $73,979,000 after buying an additional 730,180 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Kodiak Gas Services by 102.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company's stock worth $3,548,000 after buying an additional 48,122 shares during the last quarter. Institutional investors and hedge funds own 24.95% of the company's stock.

Kodiak Gas Services Price Performance

Kodiak Gas Services stock opened at $70.43 on Thursday. Kodiak Gas Services, Inc. has a 12 month low of $30.06 and a 12 month high of $77.68. The stock's 50 day moving average is $65.07 and its 200-day moving average is $49.92. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 95.17, a PEG ratio of 1.03 and a beta of 1.01.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.54 by $0.05. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The company had revenue of $345.76 million for the quarter, compared to the consensus estimate of $340.23 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts expect that Kodiak Gas Services, Inc. will post 2.35 EPS for the current year.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be given a $0.49 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.96 annualized dividend and a dividend yield of 2.8%. Kodiak Gas Services's dividend payout ratio is presently 264.86%.

Analyst Upgrades and Downgrades

KGS has been the topic of a number of recent analyst reports. Wells Fargo & Company initiated coverage on Kodiak Gas Services in a research report on Wednesday. They set an "overweight" rating and a $93.00 price target on the stock. Wall Street Zen raised Kodiak Gas Services from a "sell" rating to a "hold" rating in a research report on Saturday, February 21st. Royal Bank Of Canada boosted their price target on Kodiak Gas Services from $64.00 to $84.00 and gave the stock an "outperform" rating in a research report on Monday, May 18th. Citigroup boosted their price target on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, May 13th. Finally, Zacks Research raised Kodiak Gas Services from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Kodiak Gas Services currently has a consensus rating of "Moderate Buy" and an average price target of $74.75.

Insider Buying and Selling

In other news, EVP Cory Anne Roclawski sold 21,161 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $56.52, for a total value of $1,196,019.72. Following the transaction, the executive vice president owned 42,257 shares of the company's stock, valued at approximately $2,388,365.64. This represents a 33.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Randall J. Hogan bought 6,000 shares of the firm's stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $54.81 per share, for a total transaction of $328,860.00. Following the transaction, the director directly owned 28,406 shares of the company's stock, valued at $1,556,932.86. The trade was a 26.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 58,673 shares of company stock valued at $3,269,110 in the last ninety days. 0.64% of the stock is currently owned by company 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.

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