California State Teachers Retirement System Grows Position in Kodiak Gas Services, Inc. $KGS

California State Teachers Retirement System boosted its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 10.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 100,396 shares of the company’s stock after buying an additional 9,706 shares during the quarter. California State Teachers Retirement System’s holdings in Kodiak Gas Services were worth $5,855,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on KGS shares. Stifel Nicolaus lifted their price target on shares of Kodiak Gas Services from $84.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Wells Fargo & Company assumed 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 for the company. Royal Bank Of Canada raised their price objective on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, May 18th. Piper Sandler initiated coverage on shares of Kodiak Gas Services in a research note on Tuesday, July 28th. They set an “overweight” rating and a $78.00 target price on the stock. Finally, Barclays dropped their target price on shares of Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $79.33.

Kodiak Gas Services Stock Down 2.7%

KGS opened at $57.92 on Thursday. The company has a market capitalization of $5.14 billion, a PE ratio of 78.27, a price-to-earnings-growth ratio of 0.88 and a beta of 0.97. The firm has a 50-day simple moving average of $66.52 and a two-hundred day simple moving average of $60.77. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38. Kodiak Gas Services, Inc. has a 52 week low of $30.68 and a 52 week high of $77.68.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05. The firm had revenue of $345.76 million for the quarter, compared to analysts’ expectations of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share. Analysts forecast that Kodiak Gas Services, Inc. will post 2.41 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently declared 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. This represents a $1.96 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, August 17th. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 264.86%.

Insider Transactions at Kodiak Gas Services

In other Kodiak Gas Services news, EVP Cory Anne Roclawski sold 4,169 shares of Kodiak Gas Services stock in a transaction that occurred 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 sale, the executive vice president owned 24,662 shares of the company’s stock, valued at $1,685,894.32. The trade was a 14.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO William Chad Lenamon sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $67.79, for a total value of $67,790.00. Following the sale, the chief operating officer directly owned 87,294 shares in the company, valued at $5,917,660.26. This trade represents a 1.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 13,523 shares of company stock worth $921,319. 0.64% of the stock is owned by 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.