Aventail Capital Group LP boosted its holdings in Kodiak Gas Services, Inc. (NYSE:KGS – Free Report) by 218.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 477,201 shares of the company’s stock after acquiring an additional 327,201 shares during the quarter. Kodiak Gas Services accounts for about 1.0% of Aventail Capital Group LP’s holdings, making the stock its 24th biggest position. Aventail Capital Group LP’s holdings in Kodiak Gas Services were worth $17,847,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of KGS. Vanguard Group Inc. boosted its holdings in Kodiak Gas Services by 33.8% during the 4th quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock worth $230,771,000 after acquiring an additional 1,559,172 shares during the last quarter. Invesco Ltd. boosted its holdings in Kodiak Gas Services by 29.5% during the 3rd quarter. Invesco Ltd. now owns 6,305,789 shares of the company’s stock worth $233,125,000 after acquiring an additional 1,436,443 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Kodiak Gas Services by 3,046.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,471,663 shares of the company’s stock worth $55,040,000 after acquiring an additional 1,424,888 shares during the last quarter. Eagle Global Advisors LLC purchased a new position in Kodiak Gas Services during the 4th quarter worth $39,741,000. Finally, Ghisallo Capital Management LLC boosted its holdings in Kodiak Gas Services by 380.0% during the 4th quarter. Ghisallo Capital Management LLC now owns 1,200,000 shares of the company’s stock worth $44,880,000 after acquiring an additional 950,000 shares during the last quarter. 24.95% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Kodiak Gas Services
In other news, CAO Ewan William Hamilton sold 2,729 shares of Kodiak Gas Services stock in a transaction on 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. The trade was a 7.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Pedro R. Buhigas sold 4,625 shares of Kodiak Gas Services stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $67.78, for a total value of $313,482.50. Following the sale, the insider owned 38,454 shares in the company, valued at $2,606,412.12. The trade was a 10.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,354 shares of company stock worth $568,536 in the last ninety days. Company insiders own 0.64% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on KGS
Kodiak Gas Services Trading Down 2.0%
NYSE KGS opened at $66.51 on Thursday. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 89.87, a PEG ratio of 0.95 and a beta of 0.94. Kodiak Gas Services, Inc. has a one year low of $30.06 and a one year high of $77.68. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.99. The business’s fifty day moving average is $67.92 and its 200-day moving average is $53.45.
Kodiak Gas Services (NYSE:KGS – Get Free Report) last released its earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $345.76 million for the quarter, compared to analysts’ expectations of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. Equities research analysts predict that Kodiak Gas Services, Inc. will post 2.35 EPS for the current year.
Kodiak Gas Services Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s payout ratio is presently 264.86%.
Kodiak Gas Services 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.
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