US Bancorp DE Increases Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

US Bancorp DE raised its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 36,918.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,072 shares of the company’s stock after buying an additional 4,061 shares during the quarter. US Bancorp DE’s holdings in Kodiak Gas Services were worth $152,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Amalgamated Bank raised its stake in shares of Kodiak Gas Services by 40.0% in the first quarter. Amalgamated Bank now owns 1,554 shares of the company’s stock worth $58,000 after purchasing an additional 444 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Kodiak Gas Services by 37.3% in the first quarter. Rhumbline Advisers now owns 60,450 shares of the company’s stock worth $2,255,000 after acquiring an additional 16,408 shares during the period. GAMMA Investing LLC grew its holdings in shares of Kodiak Gas Services by 3,401.8% in the first quarter. GAMMA Investing LLC now owns 24,618 shares of the company’s stock worth $918,000 after acquiring an additional 23,915 shares during the period. KBC Group NV bought a new stake in shares of Kodiak Gas Services in the first quarter worth $116,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Kodiak Gas Services by 13.4% in the first quarter. Bank of New York Mellon Corp now owns 443,666 shares of the company’s stock worth $16,549,000 after acquiring an additional 52,522 shares during the period. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Price Performance

NYSE:KGS opened at $34.79 on Friday. Kodiak Gas Services, Inc. has a 52 week low of $25.21 and a 52 week high of $50.43. The company has a quick ratio of 0.87, a current ratio of 1.10 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $3.05 billion, a PE ratio of 38.66 and a beta of 1.33. The stock’s 50-day moving average price is $33.09 and its 200-day moving average price is $36.11.

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

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.80 dividend on an annualized basis and a yield of 5.2%. Kodiak Gas Services’s payout ratio is presently 200.00%.

Kodiak Gas Services declared that its board has approved a stock buyback program on Monday, August 11th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to reacquire up to 1.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Mizuho cut their price target on Kodiak Gas Services from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Tuesday, May 20th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $43.00 price objective (up previously from $42.00) on shares of Kodiak Gas Services in a research note on Monday, June 23rd. Barclays upped their price objective on Kodiak Gas Services from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Royal Bank Of Canada boosted their target price on Kodiak Gas Services from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services currently has an average rating of “Moderate Buy” and a consensus target price of $41.10.

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.