NFJ Investment Group LLC Invests $3.17 Million in Kodiak Gas Services, Inc. $KGS

NFJ Investment Group LLC acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 42,122 shares of the company’s stock, valued at approximately $3,165,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC raised its position in shares of Kodiak Gas Services by 40.5% during the 4th quarter. HighTower Advisors LLC now owns 57,699 shares of the company’s stock valued at $2,158,000 after acquiring an additional 16,619 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Kodiak Gas Services by 29.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company’s stock valued at $33,713,000 after purchasing an additional 203,809 shares during the last quarter. Maven Securities LTD increased its stake in Kodiak Gas Services by 694.0% during the fourth quarter. Maven Securities LTD now owns 100,000 shares of the company’s stock valued at $3,740,000 after purchasing an additional 87,406 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Kodiak Gas Services by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock worth $181,108,000 after purchasing an additional 135,998 shares during the period. Finally, Crown Advisors Management Inc. acquired a new stake in shares of Kodiak Gas Services during the second quarter worth $4,508,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on KGS shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. Barclays cut their target price on shares of Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Royal Bank Of Canada upped their target price on Kodiak Gas Services from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Citigroup raised their price target on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Stifel Nicolaus boosted their price objective on Kodiak Gas Services from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $78.89.

Insider Transactions at Kodiak Gas Services

In other news, COO William Chad Lenamon sold 1,000 shares of Kodiak Gas Services stock in a transaction on Monday, July 13th. The stock was 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. This trade represents a 1.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pedro R. Buhigas sold 4,625 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $67.78, for a total value of $313,482.50. Following the completion of the sale, the insider directly owned 38,454 shares in the company, valued at $2,606,412.12. This represents a 10.74% 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 valued at $1,296,158 over the last three months. 0.64% of the stock is owned by company insiders.

Kodiak Gas Services Stock Performance

KGS stock opened at $60.35 on Friday. The company has a market capitalization of $6.10 billion, a P/E ratio of 71.85, a PEG ratio of 0.87 and a beta of 0.97. The company has a 50-day simple moving average of $65.34 and a 200 day simple moving average of $62.45. Kodiak Gas Services, Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $77.68. The company has a quick ratio of 1.15, a current ratio of 1.45 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 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 firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 EPS. Sell-side analysts predict that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Monday, August 17th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend 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 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.