Deutsche Bank AG Has $3.62 Million Stock Holdings in 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 increased its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 71.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,019 shares of the company's stock after purchasing an additional 40,375 shares during the period. Deutsche Bank AG owned about 0.11% of Kodiak Gas Services worth $3,619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN grew its position in Kodiak Gas Services by 102.3% in the fourth quarter. Wells Fargo & Company MN now owns 19,035 shares of the company's stock valued at $777,000 after acquiring an additional 9,624 shares during the period. Legal & General Group Plc grew its position in Kodiak Gas Services by 7.2% in the fourth quarter. Legal & General Group Plc now owns 30,251 shares of the company's stock valued at $1,235,000 after acquiring an additional 2,034 shares during the period. Raymond James Financial Inc. bought a new stake in Kodiak Gas Services in the fourth quarter valued at $276,000. Sterling Capital Management LLC grew its position in Kodiak Gas Services by 1,322.6% in the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock valued at $31,000 after acquiring an additional 701 shares during the period. Finally, Summit Investment Advisors Inc. grew its position in Kodiak Gas Services by 72.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,406 shares of the company's stock valued at $139,000 after acquiring an additional 1,431 shares during the period. 24.95% of the stock is currently owned by institutional investors.

Kodiak Gas Services Price Performance

Kodiak Gas Services stock traded down $0.1260 on Friday, reaching $35.8040. The company's stock had a trading volume of 1,278,994 shares, compared to its average volume of 2,154,585. 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 company has a market cap of $3.14 billion, a price-to-earnings ratio of 39.78 and a beta of 1.33. The business's fifty day moving average price is $33.27 and its 200 day moving average price is $35.71. Kodiak Gas Services, Inc. has a twelve month low of $25.21 and a twelve month high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.03. The company had revenue of $322.84 million for the quarter, compared to analyst estimates of $335.10 million. Kodiak Gas Services had a return on equity of 10.35% and a net margin of 6.48%.The business's revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 earnings per share. Equities analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services declared that its Board of Directors has initiated a stock repurchase plan on Monday, August 11th that permits the company to buyback $50.00 million in outstanding 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 stock is undervalued.

Kodiak Gas Services Dividend Announcement

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

Analysts Set New Price Targets

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

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.