Intech Investment Management LLC Has $1.13 Million Stock Holdings in Kodiak Gas Services, Inc. $KGS

Intech Investment Management LLC reduced its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 31.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 30,429 shares of the company’s stock after selling 13,960 shares during the period. Intech Investment Management LLC’s holdings in Kodiak Gas Services were worth $1,125,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Invesco Ltd. raised its stake in Kodiak Gas Services by 59.9% in the second quarter. Invesco Ltd. now owns 4,869,346 shares of the company’s stock valued at $166,872,000 after purchasing an additional 1,824,407 shares in the last quarter. Vanguard Group Inc. grew its stake in Kodiak Gas Services by 41.3% during the third quarter. Vanguard Group Inc. now owns 4,611,188 shares of the company’s stock worth $170,476,000 after buying an additional 1,348,357 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new stake in Kodiak Gas Services during the third quarter worth about $28,385,000. Goldman Sachs Group Inc. increased its holdings in Kodiak Gas Services by 58.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock valued at $73,979,000 after buying an additional 730,180 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Kodiak Gas Services by 2,201.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 617,151 shares of the company’s stock valued at $21,150,000 after buying an additional 590,337 shares during the period. Institutional investors own 24.95% of the company’s stock.

Wall Street Analyst Weigh In

KGS has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. William Blair began coverage on shares of Kodiak Gas Services in a research note on Tuesday, November 18th. They issued an “outperform” rating on the stock. Royal Bank Of Canada boosted their price objective on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Finally, Citigroup raised their target price on Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.25.

Kodiak Gas Services Stock Down 1.9%

KGS stock opened at $55.33 on Friday. The firm has a 50-day moving average price of $44.61 and a 200-day moving average price of $38.48. Kodiak Gas Services, Inc. has a 12 month low of $29.25 and a 12 month high of $58.50. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $4.75 billion, a P/E ratio of 63.60 and a beta of 1.11.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.13). The company had revenue of $332.87 million for the quarter, compared to the consensus estimate of $330.95 million. Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. As a group, equities research analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, February 13th. Kodiak Gas Services’s payout ratio is presently 225.29%.

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.