SG Americas Securities LLC raised its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 305.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 17,515 shares of the company's stock after buying 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 quarter.
A number of other large investors also recently bought and sold shares of KGS. GAMMA Investing LLC grew its holdings in Kodiak Gas Services by 94.7% in the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company's stock valued at $29,000 after purchasing an additional 342 shares during the period. Mendota Financial Group LLC acquired a new stake in shares of Kodiak Gas Services in the fourth quarter valued at approximately $122,000. Hsbc Holdings PLC purchased a new stake in shares of Kodiak Gas Services in the second quarter valued at about $208,000. Quadrature Capital Ltd acquired a new position in Kodiak Gas Services in the third quarter valued at approximately $242,000. Finally, Dynamic Technology Lab Private Ltd lifted its position in Kodiak Gas Services by 41.7% in the third quarter. Dynamic Technology Lab Private Ltd now owns 10,904 shares of the company's stock valued at $316,000 after buying an additional 3,209 shares during the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Kodiak Gas Services
In other news, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction dated 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 transaction, the insider now owns 31,745 shares of the company's stock, valued at $1,284,085.25. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.18% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on KGS. Truist Financial lifted their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Mizuho began coverage on shares of Kodiak Gas Services in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $36.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the company a "neutral" rating in a research report on Friday, November 29th. Barclays raised their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Finally, The Goldman Sachs Group lifted their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $39.36.
View Our Latest Report on Kodiak Gas Services
Kodiak Gas Services Trading Up 3.3 %
NYSE KGS traded up $1.59 on Thursday, reaching $49.64. The company had a trading volume of 1,630,323 shares, compared to its average volume of 1,012,296. Kodiak Gas Services, Inc. has a 52 week low of $22.64 and a 52 week high of $50.43. The stock's 50 day moving average is $42.58 and its 200-day moving average is $34.19. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 171.18 and a beta of 1.15.
About Kodiak Gas Services
(
Free Report)
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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