Quantinno Capital Management LP Purchases 17,139 Shares of Kodiak Gas Services, Inc. $KGS

Quantinno Capital Management LP boosted its holdings in Kodiak Gas Services, Inc. (NYSE:KGS) by 203.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 25,579 shares of the company’s stock after purchasing an additional 17,139 shares during the quarter. Quantinno Capital Management LP’s holdings in Kodiak Gas Services were worth $1,492,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position 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 acquiring an additional 1,156 shares in the last quarter. State of Wyoming grew its position in shares of Kodiak Gas Services by 201.7% during the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after purchasing an additional 815 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of 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 worth $54,000 after purchasing an additional 646 shares in the last quarter. Uniplan Investment Counsel Inc. bought a new stake in Kodiak Gas Services during the 4th quarter valued at approximately $108,000. Finally, Amplify Investments LLC raised its stake in Kodiak Gas Services by 21.4% during the 4th quarter. Amplify Investments LLC now owns 3,230 shares of the company’s stock valued at $112,000 after purchasing an additional 570 shares during the period. 24.95% of the stock is owned by institutional investors.

Insider Transactions at Kodiak Gas Services

In related news, COO William Chad Lenamon sold 1,000 shares of the business’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $67.79, for a total value of $67,790.00. Following the sale, the chief operating officer owned 87,294 shares in the company, valued at approximately $5,917,660.26. The trade was a 1.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Ewan William Hamilton sold 2,729 shares of the company’s stock in a transaction 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 sale, the chief accounting officer directly owned 31,617 shares in the company, valued at approximately $2,169,558.54. The trade was a 7.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 13,523 shares of company stock valued at $921,319 over the last 90 days. Insiders own 0.64% of the company’s stock.

Kodiak Gas Services Trading Up 0.6%

Shares of KGS stock opened at $62.43 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.15 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 74.32, a price-to-earnings-growth ratio of 0.90 and a beta of 0.97. Kodiak Gas Services, Inc. has a 12-month low of $32.55 and a 12-month high of $77.68. The stock’s 50-day moving average price is $65.72 and its 200-day moving average price is $61.69.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $386.30 million. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. Kodiak Gas Services’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. Equities research analysts predict that Kodiak Gas Services, Inc. will post 2.46 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Monday, August 17th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, August 17th. Kodiak Gas Services’s dividend payout ratio is 233.33%.

Analysts Set New Price Targets

KGS has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted 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. Wells Fargo & Company began coverage on shares of Kodiak Gas Services in a report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price objective for the company. Royal Bank Of Canada lifted their price objective on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday. Zacks Research raised shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group dropped their target price on shares of Kodiak Gas Services from $79.00 to $69.00 and set a “buy” rating for the company in a research report on Monday. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.