Emerald Investment Advisers LLC Purchases Shares of 75,987 Kodiak Gas Services, Inc. $KGS

Emerald Investment Advisers LLC purchased a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 75,987 shares of the company’s stock, valued at approximately $5,709,000.

Several other large investors also recently made changes to their positions in the stock. Landscape Capital Management L.L.C. bought a new stake in Kodiak Gas Services in the 2nd quarter valued at $585,000. Keebeck Wealth Management bought a new position in Kodiak Gas Services during the 2nd quarter worth about $258,000. Allworth Financial LP bought a new stake in shares of Kodiak Gas Services in the second quarter valued at about $80,000. Kayne Anderson Capital Advisors LP bought a new stake in shares of Kodiak Gas Services in the second quarter valued at about $84,821,000. Finally, NFJ Investment Group LLC bought a new stake in shares of Kodiak Gas Services in the second quarter valued at about $3,165,000. Institutional investors own 24.95% of the company’s stock.

Insider Buying and Selling

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 transaction of $67,790.00. Following the transaction, the chief operating officer directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Ewan William Hamilton sold 2,729 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $68.62, for a total transaction of $187,263.98. Following the transaction, the chief accounting officer owned 31,617 shares in the company, valued at approximately $2,169,558.54. The trade was a 7.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 19,531 shares of company stock worth $1,296,158 in the last quarter. 0.64% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Friday, May 29th. Royal Bank Of Canada boosted their target price on Kodiak Gas Services from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Jefferies Financial Group decreased their price target on shares of Kodiak Gas Services from $79.00 to $69.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Zacks Research raised shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group boosted their price objective on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $78.89.

Kodiak Gas Services Price Performance

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 stock’s 50-day simple moving average is $65.19 and its 200 day simple moving average is $62.44. The company has a market cap of $6.20 billion, a P/E ratio of 72.95, a P/E/G ratio of 0.88 and a beta of 0.97. Kodiak Gas Services, Inc. has a 52-week low of $32.55 and a 52-week high of $77.68.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.12). The company had revenue of $391.12 million for the quarter, compared to analyst estimates of $386.30 million. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period last year, the company posted $0.43 earnings per share. As a group, sell-side analysts forecast that Kodiak Gas Services, Inc. will post 2.46 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

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

Kodiak Gas Services Company 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.