Deutsche Bank AG Acquires New Shares in Kodiak Gas Services, Inc. $KGS

Deutsche Bank AG bought a new position in Kodiak Gas Services, Inc. (NYSE:KGS) in the second quarter, HoldingsChannel reports. The fund bought 321,015 shares of the company’s stock, valued at approximately $24,118,000.

Other large investors have also recently bought and sold shares of the company. Invesco Ltd. raised its position in Kodiak Gas Services by 20.4% during the 4th quarter. Invesco Ltd. now owns 7,593,274 shares of the company’s stock worth $283,988,000 after purchasing an additional 1,287,485 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Kodiak Gas Services by 33.8% in the 4th quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock valued at $230,771,000 after buying an additional 1,559,172 shares during the last quarter. Zimmer Partners LP grew its position in shares of Kodiak Gas Services by 45.7% in the 4th quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock valued at $159,756,000 after buying an additional 1,339,849 shares during the last quarter. State Street Corp increased its stake in shares of Kodiak Gas Services by 31.8% in the fourth quarter. State Street Corp now owns 3,340,008 shares of the company’s stock valued at $124,916,000 after buying an additional 806,191 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Kodiak Gas Services by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock valued at $181,108,000 after buying an additional 135,998 shares during the period. 24.95% of the stock is currently owned by institutional investors.

Insider Transactions at Kodiak Gas Services

In related news, COO William Chad Lenamon sold 1,000 shares of the company’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $67.79, for a total value of $67,790.00. Following the sale, the chief operating officer owned 87,294 shares in the company, valued at $5,917,660.26. This represents a 1.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert Michael Mckee sold 6,008 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $62.39, for a total transaction of $374,839.12. Following the completion of the transaction, the chief executive officer directly owned 298,589 shares in the company, valued at approximately $18,628,967.71. The trade was a 1.97% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 19,531 shares of company stock valued at $1,296,158. Corporate insiders own 0.64% of the company’s stock.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $61.28 on Friday. The firm has a 50 day moving average of $65.19 and a 200-day moving average of $62.44. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 72.95, a price-to-earnings-growth ratio of 0.88 and a beta of 0.97. 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, Inc. has a 52 week low of $32.55 and a 52 week high of $77.68.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%.The firm had revenue of $391.12 million for the quarter, compared to analyst estimates of $386.30 million. During the same period in the previous year, the company earned $0.43 earnings per share. Kodiak Gas Services’s revenue for the quarter was up 21.2% compared to the same quarter last year. On average, equities analysts forecast that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Monday, August 17th will be issued a dividend of $0.49 per share. The ex-dividend date is Monday, August 17th. This represents a $1.96 annualized dividend and a yield of 3.2%. Kodiak Gas Services’s dividend payout ratio is presently 233.33%.

Analyst Ratings Changes

KGS has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. Piper Sandler initiated coverage on shares of Kodiak Gas Services in a report on Tuesday, July 28th. They set an “overweight” rating and a $78.00 price target for the company. The Goldman Sachs Group boosted their price target on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Wells Fargo & Company began coverage on shares of Kodiak Gas Services in a research note on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price objective on the stock. Finally, Citigroup increased their price objective on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and an average target price of $78.89.

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.