60,000 Shares in Kodiak Gas Services, Inc. $KGS Bought by Crown Advisors Management Inc.

Key Points

• Crown Advisors Management acquired 60,000 Kodiak Gas Services shares worth approximately $4.5 million, representing about 0.07% of the company and 2.5% of Crown’s portfolio.
• Kodiak reported quarterly revenue of $391.1 million, up 21.2% year over year and above expectations, but earnings per share of $0.55 missed the $0.67 consensus estimate. The company declared a quarterly dividend of $0.49, equating to a 3.0% annualized yield.
• Analysts maintain a generally positive view, with 10 Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $78.89 versus the stock’s $65.43 opening price.

Crown Advisors Management Inc. acquired a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 60,000 shares of the company's stock, valued at approximately $4,508,000. Kodiak Gas Services accounts for approximately 2.5% of Crown Advisors Management Inc.'s holdings, making the stock its 12th largest position. Crown Advisors Management Inc. owned approximately 0.07% of Kodiak Gas Services as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harbor Investment Advisory LLC purchased a new stake in shares of Kodiak Gas Services in the 2nd quarter valued at about $76,000. State of Wyoming boosted its position 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 valued at $46,000 after acquiring an additional 815 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Kodiak Gas Services by 1,501.3% during 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 in the last quarter. Hilltop National Bank purchased a new position in shares of Kodiak Gas Services during the second quarter worth about $102,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Kodiak Gas Services by 80.4% in the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company's stock worth $54,000 after purchasing an additional 646 shares during the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Stock Performance

Shares of NYSE KGS opened at $65.43 on Monday. The stock's 50-day moving average is $65.72 and its 200 day moving average is $61.86. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 77.89, a P/E/G ratio of 0.95 and a beta of 0.98. Kodiak Gas Services, Inc. has a 1-year low of $32.55 and a 1-year high of $77.68. The company has a current ratio of 1.45, a quick ratio of 1.15 and a debt-to-equity ratio of 1.28.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $386.30 million. During the same period in the prior year, the company earned $0.43 EPS. The firm's quarterly revenue was up 21.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 2.46 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Monday, August 17th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, August 17th. Kodiak Gas Services's payout ratio is presently 233.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Barclays lowered their target price on shares of Kodiak Gas Services from $76.00 to $72.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 8th. Piper Sandler assumed coverage on shares of Kodiak Gas Services in a research note on Tuesday, July 28th. They issued an "overweight" rating and a $78.00 price target for the company. Wells Fargo & Company began coverage on shares of Kodiak Gas Services in a report on Wednesday, May 27th. They issued an "overweight" rating and a $93.00 price target on the stock. Citigroup raised their price objective on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada lifted their price objective on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the stock an "outperform" rating in a report on Thursday. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $78.89.

Insider Buying and Selling at Kodiak Gas Services

In other news, insider Pedro R. Buhigas sold 4,625 shares of the business's stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $67.78, for a total value of $313,482.50. Following the completion of the sale, the insider owned 38,454 shares of the company's stock, valued at approximately $2,606,412.12. The trade was a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO William Chad Lenamon sold 1,000 shares of the 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 of the company's stock, valued at $5,917,660.26. This represents a 1.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 13,523 shares of company stock worth $921,319 over the last 90 days. Company insiders own 0.64% of the company's stock.

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.

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