Intech Investment Management LLC Sells 13,960 Shares of Kodiak Gas Services, Inc. $KGS

Intech Investment Management LLC reduced its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 31.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,429 shares of the company’s stock after selling 13,960 shares during the period. Intech Investment Management LLC’s holdings in Kodiak Gas Services were worth $1,125,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KGS. Allworth Financial LP raised its position in Kodiak Gas Services by 1,850.0% in the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after buying an additional 703 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Kodiak Gas Services by 1,501.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after acquiring an additional 1,156 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Kodiak Gas Services by 80.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after acquiring an additional 646 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Kodiak Gas Services by 652.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,595 shares of the company’s stock worth $60,000 after acquiring an additional 1,383 shares in the last quarter. Finally, Amplify Investments LLC grew its stake in shares of Kodiak Gas Services by 35.7% during the 3rd quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock worth $98,000 after acquiring an additional 700 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors.

Kodiak Gas Services Trading Down 1.9%

NYSE KGS opened at $55.33 on Friday. Kodiak Gas Services, Inc. has a 12 month low of $29.25 and a 12 month high of $58.50. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 2.12. The stock has a 50 day moving average of $44.61 and a 200-day moving average of $38.48. The company has a market cap of $4.75 billion, a PE ratio of 63.60 and a beta of 1.11.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The firm had revenue of $332.87 million during the quarter, compared to analyst estimates of $330.95 million. Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. On average, equities research analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 225.29%.

Analysts Set New Price Targets

KGS has been the topic of a number of research reports. Citigroup boosted their price objective on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Mizuho raised their target price on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Barclays lifted their price target on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday. Zacks Research cut shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.25.

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.