Intech Investment Management LLC Has $1.52 Million Stock Holdings in Kodiak Gas Services, Inc. $KGS

Intech Investment Management LLC lifted its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 59.1% in the second quarter, Holdings Channel.com reports. The fund owned 44,389 shares of the company’s stock after purchasing an additional 16,492 shares during the quarter. Intech Investment Management LLC’s holdings in Kodiak Gas Services were worth $1,521,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Dark Forest Capital Management LP lifted its stake in Kodiak Gas Services by 107.9% during the first quarter. Dark Forest Capital Management LP now owns 132,837 shares of the company’s stock worth $4,955,000 after purchasing an additional 68,932 shares during the period. Swiss National Bank grew its stake in shares of Kodiak Gas Services by 61.9% in the 1st quarter. Swiss National Bank now owns 93,100 shares of the company’s stock valued at $3,473,000 after purchasing an additional 35,600 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Kodiak Gas Services by 17.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 362,834 shares of the company’s stock worth $13,534,000 after buying an additional 53,155 shares in the last quarter. Nuveen LLC bought a new position in shares of Kodiak Gas Services during the 1st quarter worth approximately $4,287,000. Finally, US Bancorp DE lifted its position in shares of Kodiak Gas Services by 36,918.2% during the 1st quarter. US Bancorp DE now owns 4,072 shares of the company’s stock worth $152,000 after buying an additional 4,061 shares during the period. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KGS. Stifel Nicolaus set a $48.00 price target on Kodiak Gas Services in a research report on Thursday, November 6th. Zacks Research lowered shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Royal Bank Of Canada lifted their price target on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Mizuho upped their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, William Blair initiated coverage on shares of Kodiak Gas Services in a research note on Tuesday, November 18th. They issued an “outperform” rating for the company. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Kodiak Gas Services presently has an average rating of “Moderate Buy” and an average target price of $44.63.

Kodiak Gas Services Stock Down 0.2%

Shares of NYSE KGS opened at $33.42 on Friday. The firm’s 50-day simple moving average is $34.81 and its 200 day simple moving average is $34.37. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 41.77 and a beta of 1.31. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 2.08. Kodiak Gas Services, Inc. has a 12-month low of $29.25 and a 12-month high of $50.43.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.14). Kodiak Gas Services had a net margin of 5.84% and a return on equity of 10.37%. The company had revenue of $322.74 million during the quarter, compared to analyst estimates of $328.23 million. During the same quarter in the previous year, the business posted ($0.07) EPS. The company’s revenue was down .6% compared to the same quarter last year. On average, research analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were given a $0.49 dividend. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, November 3rd. This represents a $1.96 annualized dividend and a yield of 5.9%. Kodiak Gas Services’s dividend payout ratio is presently 245.00%.

Kodiak Gas Services declared that its Board of Directors has approved a share buyback plan on Monday, August 11th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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.