Jupiter Topco LLC Acquires Shares of 43,481 Kodiak Gas Services, Inc. $KGS

Key Points

• Jupiter Topco LLC acquired 43,481 shares of Kodiak Gas Services in the second quarter, valued at approximately $3.27 million. Institutional investors collectively own 24.95% of the company.
• Kodiak reported quarterly revenue of $391.12 million, up 21.2% year over year and above estimates, but earnings per share of $0.55 missed consensus by $0.12. The company also pays a quarterly dividend of $0.49 per share, yielding about 3.2% annually.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $78.89, compared with the reported share price of $61.72.

Jupiter Topco LLC acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 43,481 shares of the company's stock, valued at approximately $3,268,000.

A number of other hedge funds have also modified their holdings of the business. Advisors Preferred LLC purchased a new position in Kodiak Gas Services during the 2nd quarter worth $1,986,000. Crown Advisors Management Inc. acquired a new stake in shares of Kodiak Gas Services during the second quarter worth about $4,508,000. HighTower Advisors LLC grew its holdings in shares of Kodiak Gas Services by 40.5% during the fourth quarter. HighTower Advisors LLC now owns 57,699 shares of the company's stock worth $2,158,000 after buying an additional 16,619 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Kodiak Gas Services by 29.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company's stock worth $33,713,000 after buying an additional 203,809 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position 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 valued at $181,108,000 after acquiring an additional 135,998 shares during the period. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Price Performance

Shares of NYSE:KGS opened at $61.72 on Thursday. The business's fifty day moving average price is $63.62 and its two-hundred day moving average price is $63.23. The stock has a market cap of $6.24 billion, a PE ratio of 73.48, a price-to-earnings-growth ratio of 0.87 and a beta of 0.96. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45. Kodiak Gas Services, Inc. has a one year low of $32.55 and a one year high of $77.68.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $391.12 million during the quarter, compared to analyst estimates of $386.30 million. During the same period last year, the firm earned $0.43 earnings per share. The business's revenue was up 21.2% compared to the same quarter last year. On average, analysts forecast that Kodiak Gas Services, Inc. will post 2.44 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, August 17th. Kodiak Gas Services's dividend payout ratio (DPR) is currently 233.33%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Stifel Nicolaus increased their price objective on Kodiak Gas Services from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, August 11th. Jefferies Financial Group decreased their target price on shares of Kodiak Gas Services from $79.00 to $69.00 and set a "buy" rating on the stock in a research report on Monday, August 10th. The Goldman Sachs Group boosted their price target on Kodiak Gas Services from $69.00 to $88.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Barclays lowered their price objective 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. Finally, Wells Fargo & Company started coverage on shares of Kodiak Gas Services in a research report on Wednesday, May 27th. They set an "overweight" rating and a $93.00 target price for the company. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $78.89.

Insider Activity

In other Kodiak Gas Services news, EVP Cory Anne Roclawski sold 4,169 shares of the firm's stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $68.36, for a total transaction of $284,992.84. Following the sale, the executive vice president directly owned 24,662 shares of the company's stock, valued at $1,685,894.32. This trade represents a 14.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Ewan William Hamilton sold 2,729 shares of the firm's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $68.62, for a total transaction of $187,263.98. Following the sale, the chief accounting officer directly owned 31,617 shares in the company, valued at $2,169,558.54. This represents a 7.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 25,530 shares of company stock worth $1,651,959 in the last quarter. Corporate insiders own 0.64% of the company's stock.

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.

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