Kodiak Gas Services, Inc. $KGS Stock: Conestoga Capital Advisors LLC Grows Position

Conestoga Capital Advisors LLC lifted its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 29.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 835,090 shares of the company’s stock after buying an additional 188,945 shares during the quarter. Kodiak Gas Services makes up approximately 1.3% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 29th largest position. Conestoga Capital Advisors LLC’s holdings in Kodiak Gas Services were worth $44,235,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Kodiak Gas Services in the 2nd quarter valued at approximately $1,142,139,000. Dimensional Fund Advisors LP raised its stake in shares of Kodiak Gas Services by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock worth $181,108,000 after buying an additional 135,998 shares during the last quarter. Wellington Management Group LLP grew its stake in Kodiak Gas Services by 85.0% in the 2nd quarter. Wellington Management Group LLP now owns 2,432,174 shares of the company’s stock valued at $182,729,000 after acquiring an additional 1,117,743 shares during the last quarter. Bank of America Corp DE increased its holdings in Kodiak Gas Services by 16.6% during the 1st quarter. Bank of America Corp DE now owns 1,537,818 shares of the company’s stock valued at $89,686,000 after acquiring an additional 219,214 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP purchased a new position in Kodiak Gas Services during the 2nd quarter valued at about $84,821,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Wednesday, August 26th. Royal Bank Of Canada lowered their price target on shares of Kodiak Gas Services from $88.00 to $82.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. Mizuho set a $72.00 price objective on Kodiak Gas Services in a research report on Monday, October 12th. UBS Group reaffirmed a “buy” rating on shares of Kodiak Gas Services in a research note on Friday, October 16th. Finally, 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. Thirteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and an average price target of $79.18.

Kodiak Gas Services Trading Down 11.5%

Kodiak Gas Services stock opened at $41.21 on Thursday. The stock has a 50-day moving average price of $53.66 and a 200 day moving average price of $59.07. Kodiak Gas Services, Inc. has a 52 week low of $32.55 and a 52 week high of $77.68. The stock has a market cap of $4.18 billion, a PE ratio of 49.06 and a beta of 1.07. The company has a current ratio of 1.45, a quick ratio of 1.15 and a debt-to-equity ratio of 1.28.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Thursday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $386.30 million. During the same quarter last year, the company posted $0.43 earnings per share. Kodiak Gas Services’s revenue for the quarter was up 21.2% on a year-over-year basis. Equities research analysts predict that Kodiak Gas Services, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Transactions at Kodiak Gas Services

In related news, COO William Lenamon sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $53.25, for a total transaction of $53,250.00. Following the sale, the chief operating officer owned 84,294 shares in the company, valued at approximately $4,488,655.50. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert McKee sold 2,666 shares of Kodiak Gas Services stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $45.55, for a total transaction of $121,436.30. Following the completion of the sale, the chief executive officer directly owned 287,258 shares of the company’s stock, valued at $13,084,601.90. The trade was a 0.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,002 shares of company stock worth $1,325,334 over the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

Kodiak Gas Services Profile

Kodiak Gas Services, Inc (NYSE: KGS) provides contract compression and related infrastructure services to the North American oil and gas industry. The company helps producers and midstream operators move natural gas through gathering systems, processing facilities and pipelines by supplying compression equipment and operating it under long-term service arrangements.

Its services include the design, installation, operation and maintenance of natural gas compression systems. Kodiak owns and manages a fleet of compression units that can be deployed across a range of applications, including natural gas gathering and processing.