84,957 Kodiak Gas Services, Inc. $KGS Shares Sold by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds cut its Kodiak Gas Services stake by 90%, selling 84,957 shares and retaining 9,398 shares worth approximately $498,000. Institutional investors collectively own 24.95% of the company.
• Wall Street remains broadly positive, with 12 analysts rating KGS a Buy and two assigning Hold ratings. The stock has a “Moderate Buy” consensus and an average price target of $79.70, despite several recent target-price reductions.
• Kodiak reported quarterly revenue of $391.1 million, up 21.2% year over year, but adjusted earnings of $0.55 per share missed estimates. The company pays a quarterly dividend of $0.49, or $1.96 annually, yielding about 4.2%.

Counterpoint Mutual Funds LLC lessened its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 90.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,398 shares of the company's stock after selling 84,957 shares during the period. Counterpoint Mutual Funds LLC's holdings in Kodiak Gas Services were worth $498,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Preferred LLC acquired a new position in Kodiak Gas Services during the second quarter worth $1,986,000. Hsbc Holdings PLC bought a new stake in Kodiak Gas Services during the second quarter worth $2,486,000. Crown Advisors Management Inc. bought a new stake in Kodiak Gas Services during the second quarter worth $4,508,000. Dimensional Fund Advisors LP raised its position in Kodiak Gas Services by 4.6% during the first 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. Finally, Quantbot Technologies LP acquired a new stake in Kodiak Gas Services in the second quarter valued at $882,000. Institutional investors own 24.95% of the company's stock.

Insider Activity

In related news, insider Pedro Buhigas sold 3,663 shares of the company's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $58.14, for a total value of $212,966.82. Following the transaction, the insider directly owned 32,413 shares in the company, valued at approximately $1,884,491.82. This represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO William Lenamon sold 1,000 shares of the company's stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $53.25, for a total transaction of $53,250.00. Following the completion of the transaction, the chief operating officer owned 84,294 shares in the company, valued at $4,488,655.50. This trade represents a 1.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 20,336 shares of company stock valued at $1,203,897. 0.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KGS shares. Barclays cut their target price on shares of Kodiak Gas Services from $72.00 to $67.00 and set an "overweight" rating for the company in a research note on Monday, October 5th. Citigroup lowered their price target on Kodiak Gas Services from $86.00 to $82.00 and set a "buy" rating on the stock in a research report on Friday, October 9th. Jefferies Financial Group lowered their price target on Kodiak Gas Services from $69.00 to $65.00 and set a "buy" rating on the stock in a research report on Thursday, October 8th. Mizuho set a $72.00 price objective on Kodiak Gas Services in a research note on Monday, October 12th. Finally, UBS Group reaffirmed a "buy" rating on shares of Kodiak Gas Services in a research report on Friday. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Kodiak Gas Services currently has an average rating of "Moderate Buy" and a consensus target price of $79.70.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $47.18 on Monday. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 56.17 and a beta of 1.01. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45. The company has a 50-day simple moving average of $57.73 and a 200 day simple moving average of $63.43. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.12). The company had revenue of $391.12 million during the quarter, compared to analyst estimates of $386.30 million. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The firm's quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the company posted $0.43 EPS. On average, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 17th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, August 17th. Kodiak Gas Services's payout ratio is presently 233.33%.

Kodiak Gas Services Profile

Kodiak Gas Services, Inc NYSE: KGS provides contract natural gas compression services in the United States. The company helps oil and gas producers and midstream operators move natural gas through gathering systems, processing facilities, pipelines and other infrastructure by supplying and operating compression equipment.

Its services include the design, installation, commissioning, operation, maintenance and relocation of natural gas compression systems. Kodiak owns and manages a fleet of compressors that can be deployed for a range of applications, including gathering, processing, storage and transmission.

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