New York State Teachers Retirement System Has $1.19 Million Stock Position in Kodiak Gas Services, Inc. $KGS

New York State Teachers Retirement System grew its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 144.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,829 shares of the company’s stock after acquiring an additional 18,793 shares during the quarter. New York State Teachers Retirement System’s holdings in Kodiak Gas Services were worth $1,190,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in shares of Kodiak Gas Services by 492.8% during the 3rd quarter. Principal Financial Group Inc. now owns 399,041 shares of the company’s stock valued at $14,753,000 after acquiring an additional 331,732 shares in the last quarter. Rhumbline Advisers lifted its holdings in Kodiak Gas Services by 126.9% during the 3rd quarter. Rhumbline Advisers now owns 179,160 shares of the company’s stock valued at $6,624,000 after purchasing an additional 100,194 shares during the last quarter. Public Sector Pension Investment Board acquired a new position in Kodiak Gas Services in the third quarter valued at about $9,491,000. Westend Capital Management LLC bought a new stake in Kodiak Gas Services during the fourth quarter worth about $13,585,000. Finally, New York State Common Retirement Fund grew its stake in Kodiak Gas Services by 395.1% during the third quarter. New York State Common Retirement Fund now owns 84,838 shares of the company’s stock worth $3,136,000 after buying an additional 67,704 shares during the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Trading Down 0.9%

Shares of NYSE:KGS opened at $69.64 on Friday. The company’s fifty day simple moving average is $60.00 and its 200 day simple moving average is $46.17. Kodiak Gas Services, Inc. has a 12 month low of $30.06 and a 12 month high of $71.92. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 80.05, a PEG ratio of 0.96 and a beta of 1.01. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 2.12.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.13). Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The firm had revenue of $332.87 million for the quarter, compared to analyst estimates of $330.95 million. During the same period in the prior year, the company earned $0.21 earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, research analysts forecast that Kodiak Gas Services, Inc. will post 2.33 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, May 18th. Kodiak Gas Services’s dividend payout ratio is currently 225.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays raised their price target on Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. The Goldman Sachs Group boosted their target price on Kodiak Gas Services from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Citigroup upped their price target on Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Zacks Research upgraded shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a report on Wednesday. Finally, Mizuho raised their target price on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.86.

Insider Activity

In other news, EVP Cory Anne Roclawski sold 21,161 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $56.52, for a total value of $1,196,019.72. Following the completion of the sale, the executive vice president owned 42,257 shares of the company’s stock, valued at approximately $2,388,365.64. This represents a 33.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Randall J. Hogan bought 6,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $54.81 per share, with a total value of $328,860.00. Following the completion of the purchase, the director directly owned 28,406 shares of the company’s stock, valued at $1,556,932.86. This represents a 26.78% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 11,433 shares of company stock valued at $624,360 and sold 58,673 shares valued at $3,269,110. 0.64% of the stock is currently owned by company insiders.

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.