Kodiak Gas Services, Inc. $KGS Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 9.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,851 shares of the company’s stock after selling 16,278 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of Kodiak Gas Services worth $12,310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KGS. BlackRock Inc. purchased a new stake in Kodiak Gas Services during the 2nd quarter valued at approximately $1,142,139,000. Invesco Ltd. boosted its holdings in Kodiak Gas Services by 20.4% in the 4th quarter. Invesco Ltd. now owns 7,593,274 shares of the company’s stock valued at $283,988,000 after purchasing an additional 1,287,485 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Kodiak Gas Services by 33.8% in the fourth quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock valued at $230,771,000 after buying an additional 1,559,172 shares in the last quarter. Zimmer Partners LP boosted its position in shares of Kodiak Gas Services by 45.7% during the 4th quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock worth $159,756,000 after purchasing an additional 1,339,849 shares in the last quarter. Finally, State Street Corp boosted its holdings in Kodiak Gas Services by 31.8% during the fourth quarter. State Street Corp now owns 3,340,008 shares of the company’s stock worth $124,916,000 after buying an additional 806,191 shares in the last quarter. 24.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Ewan Hamilton sold 2,729 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $68.62, for a total transaction of $187,263.98. Following the sale, the chief accounting officer owned 31,617 shares in the company, valued at $2,169,558.54. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert McKee sold 5,999 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $59.31, for a total value of $355,800.69. Following the sale, the chief executive officer owned 292,590 shares in the company, valued at $17,353,512.90. The trade was a 2.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 25,530 shares of company stock worth $1,651,959. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

KGS has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Wednesday, August 26th. Piper Sandler assumed coverage on Kodiak Gas Services in a report on Tuesday, July 28th. They issued an “overweight” rating and a $78.00 price target for the company. Barclays reduced their price target on Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Wells Fargo & Company assumed coverage on shares of Kodiak Gas Services in a research report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 target price on the stock. Finally, Jefferies Financial Group reduced their target price on Kodiak Gas Services from $79.00 to $69.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and an average price target of $78.89.

Kodiak Gas Services Stock Performance

NYSE:KGS opened at $62.53 on Monday. The stock has a market cap of $6.32 billion, a P/E ratio of 74.44, a PEG ratio of 0.91 and a beta of 0.96. Kodiak Gas Services, Inc. has a 1-year low of $32.55 and a 1-year high of $77.68. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.45 and a quick ratio of 1.15. The firm has a 50-day moving average of $63.12 and a two-hundred day moving average of $63.40.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The business had revenue of $391.12 million for the quarter, compared to analyst estimates of $386.30 million. During the same quarter last year, the business earned $0.43 EPS. Kodiak Gas Services’s revenue for the quarter was up 21.2% compared to the same quarter last year. On average, research analysts expect that Kodiak Gas Services, Inc. will post 2.44 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, August 17th. Kodiak Gas Services’s payout ratio is currently 233.33%.

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.