Teacher Retirement System of Texas Has $274,000 Holdings in Kodiak Gas Services, Inc. $KGS

Teacher Retirement System of Texas decreased its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 98.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 7,982 shares of the company’s stock after selling 522,429 shares during the period. Teacher Retirement System of Texas’ holdings in Kodiak Gas Services were worth $274,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KGS. Quarry LP bought a new position in shares of Kodiak Gas Services in the 1st quarter worth $30,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Kodiak Gas Services during the first quarter worth $37,000. Salem Investment Counselors Inc. bought a new position in shares of Kodiak Gas Services in the second quarter valued at $51,000. Covestor Ltd grew its holdings in shares of Kodiak Gas Services by 33,700.0% during the first quarter. Covestor Ltd now owns 1,690 shares of the company’s stock valued at $63,000 after buying an additional 1,685 shares during the last quarter. Finally, Montag A & Associates Inc. grew its holdings in shares of Kodiak Gas Services by 71.5% during the first quarter. Montag A & Associates Inc. now owns 2,062 shares of the company’s stock valued at $77,000 after buying an additional 860 shares during the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KGS. Stifel Nicolaus set a $48.00 target price on shares of Kodiak Gas Services in a report on Thursday, November 6th. Barclays decreased their price objective on Kodiak Gas Services from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Zacks Research upgraded Kodiak Gas Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Weiss Ratings cut Kodiak Gas Services from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday. Finally, Royal Bank Of Canada increased 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. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $44.38.

Kodiak Gas Services Trading Up 0.1%

NYSE:KGS opened at $34.11 on Wednesday. Kodiak Gas Services, Inc. has a 52 week low of $29.25 and a 52 week high of $50.43. The firm has a 50-day moving average price of $34.93 and a two-hundred day moving average price of $34.44. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 42.64 and a beta of 1.31.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.14). The business had revenue of $322.74 million during the quarter, compared to the consensus estimate of $328.23 million. Kodiak Gas Services had a net margin of 5.84% and a return on equity of 10.37%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.07) earnings per share. On average, equities analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Monday, November 3rd will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.96 annualized dividend and a dividend yield of 5.7%. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.45. Kodiak Gas Services’s payout ratio is 245.00%.

Kodiak Gas Services declared that its Board of Directors has authorized a share buyback program on Monday, August 11th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board 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.