Deutsche Bank AG Buys 40,375 Shares of Kodiak Gas Services, Inc. $KGS

Key Points

• Deutsche Bank AG increased its holdings in Kodiak Gas Services by 71.3%, now owning 97,019 shares valued at approximately $3.62 million.
• Kodiak Gas Services reported a net margin of 6.48% and revenues up 4.2% year-over-year, despite falling short of previous revenue estimates.
• The company declared a $50 million stock repurchase plan and a quarterly dividend of $0.45 per share, indicating management's confidence in the stock's value.

Deutsche Bank AG raised its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 71.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 97,019 shares of the company's stock after acquiring an additional 40,375 shares during the quarter. Deutsche Bank AG owned approximately 0.11% of Kodiak Gas Services worth $3,619,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Zimmer Partners LP boosted its position in Kodiak Gas Services by 88.1% during the 4th quarter. Zimmer Partners LP now owns 3,347,700 shares of the company's stock valued at $136,687,000 after acquiring an additional 1,567,849 shares in the last quarter. Vanguard Group Inc. boosted its position in Kodiak Gas Services by 9.0% during the 1st quarter. Vanguard Group Inc. now owns 2,897,588 shares of the company's stock valued at $108,080,000 after acquiring an additional 238,573 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Kodiak Gas Services by 14.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,650,183 shares of the company's stock valued at $67,379,000 after acquiring an additional 202,050 shares in the last quarter. Encompass Capital Advisors LLC bought a new stake in Kodiak Gas Services during the 4th quarter valued at approximately $66,122,000. Finally, Two Sigma Advisers LP boosted its position in Kodiak Gas Services by 65.1% during the 4th quarter. Two Sigma Advisers LP now owns 999,000 shares of the company's stock valued at $40,789,000 after acquiring an additional 393,900 shares in the last quarter. 24.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. reiterated a "buy" rating and set a $43.00 target price (up from $42.00) on shares of Kodiak Gas Services in a report on Monday, June 23rd. Barclays lifted their target price on shares of Kodiak Gas Services from $36.00 to $37.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. Mizuho lowered their target price on shares of Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Tuesday, May 20th. Finally, Royal Bank Of Canada lifted their target price on shares of Kodiak Gas Services from $42.00 to $43.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.10.

Kodiak Gas Services Stock Down 0.4%

Shares of KGS traded down $0.1260 on Friday, hitting $35.8040. 1,278,994 shares of the stock traded hands, compared to its average volume of 2,154,585. The company has a market capitalization of $3.14 billion, a PE ratio of 39.78 and a beta of 1.33. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.78 and a current ratio of 1.10. The business has a 50 day simple moving average of $33.27 and a 200 day simple moving average of $35.79. Kodiak Gas Services, Inc. has a one year low of $25.21 and a one year high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. The company had revenue of $322.84 million during the quarter, compared to the consensus estimate of $335.10 million. Kodiak Gas Services had a net margin of 6.48% and a return on equity of 10.35%. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. As a group, equities analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 4th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.80 annualized dividend and a dividend yield of 5.0%. Kodiak Gas Services's dividend payout ratio (DPR) is 200.00%.

Kodiak Gas Services announced that its Board of Directors has authorized a stock buyback plan on Monday, August 11th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

Kodiak Gas Services Company 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.