Wellington Management Group LLP Purchases 1,117,743 Shares of Kodiak Gas Services, Inc. $KGS

Wellington Management Group LLP lifted its holdings in Kodiak Gas Services, Inc. (NYSE:KGS) by 85.0% during the 2nd quarter, Holdings Channel reports. The fund owned 2,432,174 shares of the company’s stock after acquiring an additional 1,117,743 shares during the quarter. Wellington Management Group LLP’s holdings in Kodiak Gas Services were worth $182,729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of KGS. Royal Bank of Canada raised its position in Kodiak Gas Services by 67.5% in the 1st quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock valued at $382,000 after purchasing an additional 4,126 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Kodiak Gas Services by 64.9% during the first quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock worth $793,000 after purchasing an additional 8,369 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Kodiak Gas Services by 44.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock worth $1,000,000 after purchasing an additional 8,297 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Kodiak Gas Services by 58.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock worth $73,979,000 after purchasing an additional 730,180 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Kodiak Gas Services by 102.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock valued at $3,548,000 after buying an additional 48,122 shares in the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

Kodiak Gas Services Trading Up 2.0%

Shares of KGS opened at $58.81 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 1.28. Kodiak Gas Services, Inc. has a 12-month low of $32.55 and a 12-month high of $77.68. The firm has a market capitalization of $5.95 billion, a PE ratio of 70.01, a price-to-earnings-growth ratio of 0.84 and a beta of 0.98. The stock’s fifty day simple moving average is $64.04 and its 200-day simple moving average is $63.10.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). The firm had revenue of $391.12 million during the quarter, compared to analyst estimates of $386.30 million. Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%.Kodiak Gas Services’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. As a group, research analysts predict that Kodiak Gas Services, Inc. will post 2.44 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 17th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, August 17th. Kodiak Gas Services’s dividend payout ratio (DPR) is 233.33%.

Analyst Ratings Changes

A number of research firms recently issued reports on KGS. Citigroup lifted their price target on Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Stifel Nicolaus raised their price objective on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Wednesday, August 26th. The Goldman Sachs Group increased their price target on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Jefferies Financial Group lowered their price target on shares of Kodiak Gas Services from $79.00 to $69.00 and set a “buy” rating for the company in a report on Monday, August 10th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.89.

Insider Buying and Selling

In related news, insider Pedro R. Buhigas sold 4,625 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $67.78, for a total transaction of $313,482.50. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Ewan William Hamilton sold 2,729 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $68.62, for a total transaction of $187,263.98. Following the completion of the transaction, the chief accounting officer owned 31,617 shares in the company, valued at $2,169,558.54. This represents a 7.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 19,531 shares of company stock worth $1,296,158. 0.64% of the stock is currently owned by company insiders.

About Kodiak Gas Services

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.