Principal Financial Group Inc. Increases Stock Holdings in Kodiak Gas Services, Inc. $KGS

Principal Financial Group Inc. increased its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 548,019 shares of the company’s stock after buying an additional 24,286 shares during the quarter. Principal Financial Group Inc.’s holdings in Kodiak Gas Services were worth $31,960,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in Kodiak Gas Services by 52.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after acquiring an additional 364 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Kodiak Gas Services by 1,501.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after purchasing an additional 1,156 shares during the last quarter. State of Wyoming raised its stake in shares of Kodiak Gas Services by 201.7% during the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after purchasing an additional 815 shares during the period. GAMMA Investing LLC lifted its stake in Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after purchasing an additional 556 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of 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 valued at $54,000 after buying an additional 646 shares during the last quarter. 24.95% of the stock is owned by hedge funds and other institutional investors.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock opened at $65.23 on Monday. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.99. Kodiak Gas Services, Inc. has a one year low of $30.06 and a one year high of $77.68. The business’s 50 day simple moving average is $70.09 and its two-hundred day simple moving average is $58.60. The stock has a market capitalization of $5.79 billion, a P/E ratio of 88.15, a price-to-earnings-growth ratio of 1.02 and a beta of 0.89.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $345.76 million during 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 was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS. Analysts forecast that Kodiak Gas Services, Inc. will post 2.27 EPS for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were given a $0.49 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.96 annualized dividend and a yield of 3.0%. Kodiak Gas Services’s dividend payout ratio is 264.86%.

Insiders Place Their Bets

In other Kodiak Gas Services news, insider Pedro R. Buhigas sold 4,625 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $67.78, for a total transaction of $313,482.50. Following the sale, the insider directly owned 38,454 shares in the company, valued at approximately $2,606,412.12. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Cory Anne Roclawski sold 4,169 shares of Kodiak Gas Services stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $68.36, for a total value of $284,992.84. Following the completion of the sale, the executive vice president directly owned 24,662 shares of the company’s stock, valued at approximately $1,685,894.32. The trade was a 14.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 13,523 shares of company stock valued at $921,319. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KGS has been the topic of several research reports. Stifel Nicolaus boosted their price target on shares of Kodiak Gas Services from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. Royal Bank Of Canada increased their price target on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, May 18th. Jefferies Financial Group began coverage on shares of Kodiak Gas Services in a report on Thursday, June 4th. They set a “buy” rating and a $79.00 price objective for the company. Finally, Barclays decreased their price objective on Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.50.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.