CIBC Private Wealth Group LLC Sells 40,207 Shares of Kodiak Gas Services, Inc. $KGS

CIBC Private Wealth Group LLC lowered its holdings in Kodiak Gas Services, Inc. (NYSE:KGS) by 46.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 46,775 shares of the company’s stock after selling 40,207 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.05% of Kodiak Gas Services worth $1,729,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KGS. Principal Financial Group Inc. boosted its holdings in Kodiak Gas Services by 492.8% in the third quarter. Principal Financial Group Inc. now owns 399,041 shares of the company’s stock valued at $14,753,000 after acquiring an additional 331,732 shares in the last quarter. Rhumbline Advisers increased its position in Kodiak Gas Services by 126.9% during the 3rd quarter. Rhumbline Advisers now owns 179,160 shares of the company’s stock valued at $6,624,000 after purchasing an additional 100,194 shares during the period. Tyler Stone Wealth Management bought a new position in Kodiak Gas Services in the 2nd quarter worth $1,068,000. Walleye Capital LLC raised its holdings in Kodiak Gas Services by 385.9% in the 2nd quarter. Walleye Capital LLC now owns 401,983 shares of the company’s stock worth $13,776,000 after purchasing an additional 319,257 shares in the last quarter. Finally, Viking Fund Management LLC lifted its position in shares of Kodiak Gas Services by 42.7% in the 3rd quarter. Viking Fund Management LLC now owns 127,000 shares of the company’s stock worth $4,695,000 after purchasing an additional 38,000 shares during the period. 24.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Kodiak Gas Services news, CAO Ewan William Hamilton sold 5,797 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total transaction of $325,675.46. Following the completion of the sale, the chief accounting officer directly owned 34,346 shares in the company, valued at approximately $1,929,558.28. This trade represents a 14.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Randall J. Hogan bought 6,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $54.81 per share, with a total value of $328,860.00. Following the completion of the acquisition, the director directly owned 28,406 shares of the company’s stock, valued at approximately $1,556,932.86. The trade was a 26.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 11,433 shares of company stock worth $624,360 and have sold 58,673 shares worth $3,269,110. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KGS. The Goldman Sachs Group lifted their target price on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Barclays increased their price target on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Citigroup upped their target price on Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Royal Bank Of Canada increased their target price on Kodiak Gas Services from $45.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Kodiak Gas Services presently has an average rating of “Moderate Buy” and an average price target of $54.57.

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock opened at $55.80 on Monday. Kodiak Gas Services, Inc. has a twelve month low of $29.25 and a twelve month high of $58.50. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $4.79 billion, a P/E ratio of 64.14 and a beta of 1.10. The stock’s 50 day moving average is $48.41 and its 200 day moving average is $39.92.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The company had revenue of $332.87 million for the quarter, compared to analysts’ expectations of $330.95 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, February 13th. Kodiak Gas Services’s payout ratio is currently 225.29%.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.