Kodiak Gas Services, Inc. $KGS Stock Position Raised by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 27.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,800 shares of the company’s stock after acquiring an additional 8,371 shares during the quarter. Intech Investment Management LLC’s holdings in Kodiak Gas Services were worth $1,451,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. United Advisor Group LLC boosted its stake in shares of Kodiak Gas Services by 2.0% during the 4th quarter. United Advisor Group LLC now owns 15,817 shares of the company’s stock worth $592,000 after acquiring an additional 304 shares in the last quarter. Comerica Bank boosted its stake in shares of Kodiak Gas Services by 1.8% during the 4th quarter. Comerica Bank now owns 20,499 shares of the company’s stock worth $767,000 after acquiring an additional 357 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Kodiak Gas Services by 52.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after acquiring an additional 364 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Kodiak Gas Services by 2.7% during the 2nd quarter. Captrust Financial Advisors now owns 16,925 shares of the company’s stock worth $580,000 after acquiring an additional 448 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Kodiak Gas Services by 80.3% during the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after acquiring an additional 556 shares in the last quarter. 24.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KGS has been the subject of several research reports. The Goldman Sachs Group raised their price objective on Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Wells Fargo & Company initiated coverage on Kodiak Gas Services in a research report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 target price for the company. Barclays raised their target price on Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. Finally, Citigroup raised their target price on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.22.

Insider Activity

In related news, CAO Ewan William Hamilton sold 5,797 shares of Kodiak Gas Services stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $56.18, for a total transaction of $325,675.46. Following the completion of the sale, the chief accounting officer owned 34,346 shares of the company’s stock, valued at approximately $1,929,558.28. This trade represents a 14.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pedro R. Buhigas sold 13,942 shares of Kodiak Gas Services stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $55.73, for a total value of $776,987.66. Following the sale, the insider directly owned 42,723 shares of the company’s stock, valued at approximately $2,380,952.79. The trade was a 24.60% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 58,673 shares of company stock valued at $3,269,110. 0.64% of the stock is currently owned by company insiders.

Kodiak Gas Services Stock Performance

Shares of Kodiak Gas Services stock opened at $65.06 on Friday. The stock has a market cap of $5.78 billion, a PE ratio of 87.91, a price-to-earnings-growth ratio of 0.96 and a beta of 0.94. The business has a fifty day simple moving average of $66.41 and a 200-day simple moving average of $51.43. 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, Inc. has a 12 month low of $30.06 and a 12 month high of $77.68.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. The business had revenue of $345.76 million during the quarter, compared to analysts’ expectations of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.Kodiak Gas Services’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. On average, sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 2.35 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.96 dividend on an annualized basis and a yield of 3.0%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 264.86%.

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.