Quantinno Capital Management LP Increases Stock Position in Kodiak Gas Services, Inc. $KGS

Quantinno Capital Management LP lifted its stake in Kodiak Gas Services, Inc. (NYSE:KGS) by 203.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,579 shares of the company’s stock after acquiring an additional 17,139 shares during the quarter. Quantinno Capital Management LP’s holdings in Kodiak Gas Services were worth $1,492,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in KGS. EverSource Wealth Advisors LLC lifted its position in Kodiak Gas Services by 1,501.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after purchasing an additional 1,156 shares during the period. State of Wyoming grew its position in Kodiak Gas Services by 201.7% in the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after purchasing an additional 815 shares during the period. PNC Financial Services Group Inc. raised its stake in Kodiak Gas Services by 80.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after buying an additional 646 shares during the last quarter. Uniplan Investment Counsel Inc. purchased a new stake in Kodiak Gas Services during the 4th quarter valued at $108,000. Finally, Amplify Investments LLC lifted its holdings in shares of Kodiak Gas Services by 21.4% during the 4th quarter. Amplify Investments LLC now owns 3,230 shares of the company’s stock valued at $112,000 after buying an additional 570 shares during the period. 24.95% of the stock is owned by hedge funds and other institutional investors.

Kodiak Gas Services Trading Up 0.6%

Shares of KGS stock opened at $62.43 on Friday. Kodiak Gas Services, Inc. has a 1 year low of $32.55 and a 1 year high of $77.68. The firm has a fifty day moving average price of $65.72 and a 200-day moving average price of $61.69. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.45 and a quick ratio of 1.15. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 74.32, a PEG ratio of 0.90 and a beta of 0.97.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.12). Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The company had revenue of $391.12 million for the quarter, compared to analysts’ expectations of $386.30 million. During the same quarter last year, the firm posted $0.43 earnings per share. Kodiak Gas Services’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, equities analysts predict that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Monday, August 17th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.96 annualized dividend and a dividend yield of 3.1%. Kodiak Gas Services’s dividend payout ratio (DPR) is 233.33%.

Wall Street Analyst Weigh In

KGS has been the topic of a number of research reports. Stifel Nicolaus raised their price target on Kodiak Gas Services from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays reduced their price objective on Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. The Goldman Sachs Group raised their target price on Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Wells Fargo & Company assumed coverage on Kodiak Gas Services in a research note on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price target for the company. Finally, Royal Bank Of Canada upped their price target on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.89.

Insider Buying and Selling

In other news, insider Pedro R. Buhigas sold 4,625 shares of Kodiak Gas Services stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $67.78, for a total transaction of $313,482.50. Following the transaction, the insider directly owned 38,454 shares of the company’s stock, valued at $2,606,412.12. The trade was a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Cory Anne Roclawski sold 4,169 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $68.36, for a total value of $284,992.84. Following the transaction, the executive vice president owned 24,662 shares of the company’s stock, valued at approximately $1,685,894.32. This trade represents a 14.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 13,523 shares of company stock valued at $921,319 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.