NFJ Investment Group LLC Acquires New Holdings in Kodiak Gas Services, Inc. $KGS

NFJ Investment Group LLC acquired a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 73,403 shares of the company’s stock, valued at approximately $2,745,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Aurora Investment Counsel boosted its holdings in shares of Kodiak Gas Services by 0.6% in the fourth quarter. Aurora Investment Counsel now owns 67,192 shares of the company’s stock valued at $2,513,000 after buying an additional 397 shares during the period. Barclays PLC boosted its holdings in shares of Kodiak Gas Services by 20.1% in the fourth quarter. Barclays PLC now owns 139,682 shares of the company’s stock valued at $5,224,000 after buying an additional 23,330 shares during the period. Aigen Investment Management LP acquired a new position in shares of Kodiak Gas Services in the fourth quarter valued at approximately $216,000. FORA Capital LLC acquired a new position in shares of Kodiak Gas Services in the fourth quarter valued at approximately $513,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Kodiak Gas Services by 12.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 37,410 shares of the company’s stock valued at $1,399,000 after buying an additional 4,097 shares during the period. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $68.95 on Monday. The company’s fifty day simple moving average is $67.34 and its 200-day simple moving average is $52.75. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38. The firm has a market cap of $6.12 billion, a PE ratio of 93.18, a P/E/G ratio of 0.97 and a beta of 0.94. Kodiak Gas Services, Inc. has a 12 month low of $30.06 and a 12 month high of $77.68.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The business had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Equities research analysts expect that Kodiak Gas Services, Inc. will post 2.35 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, May 18th. Kodiak Gas Services’s payout ratio is currently 264.86%.

Insider Transactions at Kodiak Gas Services

In other news, CAO Ewan William Hamilton sold 5,797 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total value of $325,675.46. Following the sale, the chief accounting officer owned 34,346 shares of the company’s stock, valued at $1,929,558.28. The trade was a 14.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Pedro R. Buhigas sold 13,942 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $55.73, for a total transaction of $776,987.66. Following the completion of the sale, the insider directly owned 42,723 shares in the company, valued at approximately $2,380,952.79. This represents a 24.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 20,739 shares of company stock valued at $1,170,453 over the last 90 days. 0.64% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Stifel Nicolaus set a $84.00 price target on shares of Kodiak Gas Services in a report on Tuesday, May 12th. Royal Bank Of Canada upped their price target on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, May 18th. Wells Fargo & Company assumed coverage on shares of Kodiak Gas Services in a report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price target for the company. Finally, Zacks Research upgraded shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and an average price target of $75.22.

About Kodiak Gas Services

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.