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

Sheets Smith Wealth Management purchased a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,790 shares of the company’s stock, valued at approximately $563,000.

A number of other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in shares of Kodiak Gas Services by 94.7% during the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after purchasing an additional 342 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Kodiak Gas Services by 3.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company’s stock worth $371,000 after purchasing an additional 405 shares during the last quarter. Dark Forest Capital Management LP boosted its position in shares of Kodiak Gas Services by 5.9% during the second quarter. Dark Forest Capital Management LP now owns 20,894 shares of the company’s stock valued at $570,000 after buying an additional 1,164 shares during the period. HWG Holdings LP bought a new position in shares of Kodiak Gas Services during the second quarter valued at approximately $40,000. Finally, Pacer Advisors Inc. grew its stake in shares of Kodiak Gas Services by 7.6% during the second quarter. Pacer Advisors Inc. now owns 39,944 shares of the company’s stock valued at $1,089,000 after buying an additional 2,816 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors.

Kodiak Gas Services Stock Performance

Shares of NYSE:KGS opened at $48.86 on Thursday. The firm has a 50 day moving average of $41.57 and a 200 day moving average of $33.46. 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 company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 168.49 and a beta of 1.15. Kodiak Gas Services, Inc. has a 52 week low of $21.98 and a 52 week high of $49.19.

Analyst Ratings Changes

KGS has been the subject of a number of recent analyst reports. Mizuho assumed coverage on Kodiak Gas Services in a report on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price objective for the company. Citigroup boosted their target price on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Barclays raised their price target on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. The Goldman Sachs Group boosted their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada raised their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.36.

Insider Activity

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were 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 directly owns 31,745 shares of the company’s stock, valued at approximately $1,284,085.25. This represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

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.