Intech Investment Management LLC Buys 8,371 Shares of Kodiak Gas Services, Inc. $KGS

Intech Investment Management LLC raised its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 27.5% during the 4th quarter, Holdings Channel.com reports. 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 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its holdings in Kodiak Gas Services by 52.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after buying an additional 364 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 1,156 shares in the last quarter. GAMMA Investing LLC raised its holdings in Kodiak Gas Services by 80.3% during the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after buying an additional 556 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Kodiak Gas Services by 80.4% during the third 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 in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in Kodiak Gas Services by 652.4% during the third quarter. Jones Financial Companies Lllp now owns 1,595 shares of the company’s stock valued at $60,000 after buying an additional 1,383 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Cory Anne Roclawski sold 21,161 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $56.52, for a total transaction of $1,196,019.72. Following the transaction, the executive vice president directly owned 42,257 shares in the company, valued at $2,388,365.64. The trade was a 33.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Pedro R. Buhigas sold 13,942 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $55.73, for a total value of $776,987.66. Following the transaction, the insider owned 42,723 shares in the company, valued at $2,380,952.79. This represents a 24.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 58,673 shares of company stock valued at $3,269,110. Corporate insiders own 0.64% of the company’s stock.

Kodiak Gas Services Trading Down 4.5%

Kodiak Gas Services stock opened at $65.06 on Friday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28. The business’s 50-day simple moving average is $66.41 and its 200-day simple moving average is $51.43. The firm has a market capitalization of $5.78 billion, a PE ratio of 87.91, a PEG ratio of 0.96 and a beta of 0.94. Kodiak Gas Services, Inc. has a 52 week low of $30.06 and a 52 week high of $77.68.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The firm had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. During the same period in the previous year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts forecast that Kodiak Gas Services, Inc. will post 2.35 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

KGS has been the topic of several recent research reports. Wells Fargo & Company initiated coverage on Kodiak Gas Services in a report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 target price on the stock. The Goldman Sachs Group raised their target price on Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a report on Friday, May 15th. Jefferies Financial Group initiated coverage on Kodiak Gas Services in a research note on Thursday. They issued a “buy” rating and a $79.00 price objective on the stock. Barclays lifted their price objective on Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Finally, Zacks Research upgraded Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.22.

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.