Kodiak Gas Services, Inc. (NYSE:KGS) Shares Bought by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. has increased its stake in Kodiak Gas Services by 37.3%, acquiring an additional 14,240 shares, bringing its total ownership to approximately $1.96 million.
• Kodiak Gas Services reported a quarterly earnings per share of $0.42, exceeding analysts' expectations, with revenue growth of 52.9% year-over-year.
• The company is set to pay a quarterly dividend of $0.45 on August 14, representing a 5.65% yield and a strong payout ratio of 339.62%.

Pacer Advisors Inc. grew its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 37.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,417 shares of the company's stock after acquiring an additional 14,240 shares during the period. Pacer Advisors Inc. owned 0.06% of Kodiak Gas Services worth $1,955,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KGS. Comerica Bank grew its stake in Kodiak Gas Services by 710.1% during the fourth quarter. Comerica Bank now owns 721 shares of the company's stock valued at $29,000 after acquiring an additional 632 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Kodiak Gas Services by 1,322.6% in the 4th quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock valued at $31,000 after purchasing an additional 701 shares in the last quarter. State of Wyoming bought a new stake in shares of Kodiak Gas Services in the 4th quarter valued at about $57,000. Amalgamated Bank raised its stake in shares of Kodiak Gas Services by 40.0% during the 1st quarter. Amalgamated Bank now owns 1,554 shares of the company's stock worth $58,000 after acquiring an additional 444 shares in the last quarter. Finally, Montag A & Associates Inc. grew its position in Kodiak Gas Services by 71.5% during the 1st quarter. Montag A & Associates Inc. now owns 2,062 shares of the company's stock worth $77,000 after purchasing an additional 860 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KGS. Barclays decreased their target price on shares of Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Mizuho decreased 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 research note on Tuesday, May 20th. Finally, JPMorgan Chase & Co. reiterated a "buy" rating and issued a $43.00 target price (up from $42.00) on shares of Kodiak Gas Services in a research note on Monday, June 23rd. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Kodiak Gas Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.64.

Kodiak Gas Services Stock Down 3.2%

KGS stock traded down $1.02 during midday trading on Friday, reaching $31.31. 1,426,586 shares of the company were exchanged, compared to its average volume of 1,033,374. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.87 and a current ratio of 1.17. Kodiak Gas Services, Inc. has a 1-year low of $24.83 and a 1-year high of $50.43. The stock's 50-day simple moving average is $33.61 and its 200 day simple moving average is $37.12. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 59.08 and a beta of 1.33.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. The firm had revenue of $329.64 million for the quarter, compared to analyst estimates of $328.45 million. Kodiak Gas Services had a net margin of 3.93% and a return on equity of 8.49%. Kodiak Gas Services's quarterly revenue was up 52.9% on a year-over-year basis. During the same period last year, the firm posted $0.39 EPS. On average, equities analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, August 4th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Monday, August 4th. Kodiak Gas Services's dividend payout ratio is presently 339.62%.

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.