391,854 Shares in Kodiak Gas Services, Inc. $KGS Acquired by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP acquired a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 391,854 shares of the company’s stock, valued at approximately $29,440,000. Kodiak Gas Services accounts for approximately 3.1% of Pinnbrook Capital Management LP’s portfolio, making the stock its 6th biggest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KGS. Van ECK Associates Corp increased its holdings in Kodiak Gas Services by 0.9% during the 4th quarter. Van ECK Associates Corp now owns 23,640 shares of the company’s stock worth $884,000 after purchasing an additional 209 shares during the period. PNC Financial Services Group Inc. raised its holdings in Kodiak Gas Services by 29.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,545 shares of the company’s stock valued at $90,000 after acquiring an additional 352 shares in the last quarter. Comerica Bank lifted its stake in Kodiak Gas Services by 1.8% in the fourth quarter. Comerica Bank now owns 20,499 shares of the company’s stock worth $767,000 after acquiring an additional 357 shares during the last quarter. Aurora Investment Counsel lifted its stake in Kodiak Gas Services by 0.6% in the fourth quarter. Aurora Investment Counsel now owns 67,192 shares of the company’s stock worth $2,513,000 after acquiring an additional 397 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in 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. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Trading Up 1.1%

NYSE KGS opened at $61.28 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45. The firm has a market cap 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, Inc. has a one year low of $32.55 and a one year high of $77.68. The firm’s fifty day moving average is $65.19 and its two-hundred day moving average is $62.44.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.55 EPS 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 period in the prior year, the company earned $0.43 earnings per share. The firm’s revenue was up 21.2% on a year-over-year basis. Analysts expect that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Monday, August 17th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, August 17th. Kodiak Gas Services’s dividend payout ratio (DPR) is 233.33%.

Insider Buying and Selling

In other news, insider Pedro R. Buhigas sold 4,625 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were 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 in the company, valued at $2,606,412.12. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Ewan William Hamilton sold 2,729 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer owned 31,617 shares of the company’s stock, valued at approximately $2,169,558.54. The trade was a 7.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 19,531 shares of company stock worth $1,296,158 in the last ninety days. Insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

KGS has been the topic of a number of analyst reports. Royal Bank Of Canada raised their price objective on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Stifel Nicolaus increased their target price on Kodiak Gas Services from $90.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Barclays decreased their price target on Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Citigroup increased their price objective on Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Piper Sandler started coverage on Kodiak Gas Services in a research note on Tuesday, July 28th. They set an “overweight” rating and a $78.00 target price for the company. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.89.

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.