Seven Grand Managers LLC Has $18.70 Million Stake in Kodiak Gas Services, Inc. $KGS

Key Points

• Seven Grand Managers LLC boosted its Kodiak Gas Services stake by 400% in the fourth quarter, ending with 500,000 shares worth about $18.7 million. The position now represents roughly 1.4% of the fund’s portfolio.
• Kodiak Gas Services reported better-than-expected quarterly results, with EPS of $0.59 versus estimates of $0.54 and revenue of $345.76 million topping forecasts. Revenue rose 4.9% year over year, and the company also raised its profile with a quarterly dividend of $0.49 per share.
• Analysts remain generally upbeat on KGS, with firms including RBC, Stifel, and Citi raising price targets to as high as $86. The stock has a consensus rating of Moderate Buy and an average target price of $74.75.

Seven Grand Managers LLC increased its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 400.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 500,000 shares of the company's stock after purchasing an additional 400,000 shares during the period. Kodiak Gas Services comprises about 1.4% of Seven Grand Managers LLC's investment portfolio, making the stock its 21st biggest holding. Seven Grand Managers LLC owned 0.58% of Kodiak Gas Services worth $18,700,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake in Kodiak Gas Services by 52.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company's stock worth $40,000 after purchasing an additional 364 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Kodiak Gas Services by 1,501.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company's stock worth $42,000 after purchasing an additional 1,156 shares during the period. GAMMA Investing LLC boosted its stake in Kodiak Gas Services by 80.3% in the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company's stock worth $47,000 after purchasing an additional 556 shares during the period. PNC Financial Services Group Inc. boosted its stake in Kodiak Gas Services by 80.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company's stock worth $54,000 after purchasing an additional 646 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in Kodiak Gas Services by 652.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,595 shares of the company's stock worth $60,000 after purchasing an additional 1,383 shares during the period. Institutional investors and hedge funds own 24.95% of the company's stock.

Kodiak Gas Services Trading Down 4.4%

Shares of NYSE:KGS opened at $70.43 on Thursday. The firm has a fifty day moving average of $65.07 and a two-hundred day moving average of $49.92. The firm has a market capitalization of $6.25 billion, a P/E ratio of 95.17, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. Kodiak Gas Services, Inc. has a 12-month low of $30.06 and a 12-month high of $77.68. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38.

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

Kodiak Gas Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 18th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. Kodiak Gas Services's dividend payout ratio (DPR) is 264.86%.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, EVP Cory Anne Roclawski sold 10,852 shares of Kodiak Gas Services stock in a transaction on Monday, March 16th. The shares were sold at an average price of $54.41, for a total transaction of $590,457.32. Following the completion of the sale, the executive vice president owned 31,405 shares of the company's stock, valued at $1,708,746.05. This trade represents a 25.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alexander Newsom Darden bought 5,000 shares of the firm's stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $54.75 per share, with a total value of $273,750.00. Following the purchase, the director directly owned 5,000 shares in the company, valued at approximately $273,750. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 58,673 shares of company stock worth $3,269,110. 0.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on KGS shares. Royal Bank Of Canada raised their price objective on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the stock an "outperform" rating in a research note on Monday, May 18th. Wall Street Zen raised shares of Kodiak Gas Services from a "sell" rating to a "hold" rating in a research note on Saturday, February 21st. Stifel Nicolaus set a $84.00 price objective on shares of Kodiak Gas Services in a research note on Tuesday, May 12th. Zacks Research raised shares of Kodiak Gas Services from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 6th. Finally, Citigroup raised their price objective on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Kodiak Gas Services currently has an average rating of "Moderate Buy" and a consensus target price of $74.75.

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. 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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