Sheets Smith Wealth Management Takes $563,000 Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Sheets Smith Wealth Management bought a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,790 shares of the company's stock, valued at approximately $563,000.

A number of other institutional investors have also made changes to their positions in KGS. GAMMA Investing LLC increased its position in shares of Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company's stock worth $29,000 after acquiring an additional 342 shares during the period. HWG Holdings LP acquired a new position in shares of Kodiak Gas Services during the second quarter worth about $40,000. Mendota Financial Group LLC purchased a new stake in shares of Kodiak Gas Services during the fourth quarter worth approximately $122,000. SG Americas Securities LLC acquired a new stake in Kodiak Gas Services in the third quarter valued at approximately $125,000. Finally, Hsbc Holdings PLC purchased a new position in Kodiak Gas Services in the second quarter worth approximately $208,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak Gas Services Price Performance

Shares of NYSE:KGS traded down $0.08 on Thursday, reaching $48.74. 935,975 shares of the company were exchanged, compared to its average volume of 870,963. The company has a 50-day moving average of $41.57 and a 200-day moving average of $33.46. Kodiak Gas Services, Inc. has a 1-year low of $22.41 and a 1-year high of $49.45. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 168.08 and a beta of 1.15.

Insider Activity

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $40.45, for a total transaction of $121,350.00. Following the completion of the sale, the insider now owns 31,745 shares of the company's stock, valued at approximately $1,284,085.25. The trade was a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Mizuho initiated coverage on Kodiak Gas Services in a research note on Wednesday, October 2nd. They issued an "outperform" rating and a $36.00 price target on the stock. Raymond James boosted their target price on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Truist Financial increased 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 note on Friday, November 8th. Royal Bank of Canada upped their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group lifted their price target on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.36.

Kodiak Gas Services Company 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.