Great Lakes Advisors LLC Takes Position in Kodiak Gas Services, Inc. $KGS

Great Lakes Advisors LLC bought a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 13,315 shares of the company’s stock, valued at approximately $1,000,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Harbor Investment Advisory LLC acquired a new stake in shares of Kodiak Gas Services during the second quarter worth about $76,000. State of Wyoming boosted its stake in shares of Kodiak Gas Services by 201.7% in the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after purchasing an additional 815 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Kodiak Gas Services by 1,501.3% in 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 in the last quarter. Hilltop National Bank acquired a new position in shares of Kodiak Gas Services in the second quarter valued at approximately $102,000. Finally, PNC Financial Services Group Inc. increased 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 worth $54,000 after buying an additional 646 shares during the period. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KGS shares. Royal Bank Of Canada increased their target price on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Jefferies Financial Group decreased their target price on Kodiak Gas Services from $79.00 to $69.00 and set a “buy” rating for the company in a report on Monday, August 10th. The Goldman Sachs Group upped their price target on Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Barclays decreased their price objective on Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Finally, Zacks Research upgraded shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.89.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, EVP Cory Anne Roclawski sold 4,169 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $68.36, for a total transaction of $284,992.84. Following the transaction, the executive vice president directly owned 24,662 shares in the company, valued at approximately $1,685,894.32. This represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Ewan William Hamilton sold 2,729 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $68.62, for a total value of $187,263.98. Following the completion of the sale, the chief accounting officer owned 31,617 shares in the company, valued at approximately $2,169,558.54. This represents a 7.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 19,531 shares of company stock worth $1,296,158. 0.64% of the stock is currently owned by company insiders.

Kodiak Gas Services Stock Performance

NYSE KGS opened at $61.28 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.45 and a quick ratio of 1.15. Kodiak Gas Services, Inc. has a 1 year low of $32.55 and a 1 year high of $77.68. The company has a fifty day moving average of $65.19 and a two-hundred day moving average of $62.44. The company has a market capitalization of $6.20 billion, a PE ratio of 72.95, a P/E/G ratio of 0.89 and a beta of 0.97.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data 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 firm had revenue of $391.12 million during the quarter, compared to analyst estimates of $386.30 million. During the same period in the previous year, the company posted $0.43 earnings per share. Kodiak Gas Services’s revenue was up 21.2% compared to the same quarter last year. As a group, analysts expect that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Monday, August 17th will be given a dividend of $0.49 per share. The ex-dividend date is Monday, August 17th. This represents a $1.96 annualized dividend and a yield of 3.2%. Kodiak Gas Services’s payout ratio is presently 233.33%.

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.