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

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

Other institutional investors and hedge funds have also modified their holdings of the company. Dynamic Technology Lab Private Ltd raised its stake in shares of Kodiak Gas Services by 4.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 8,180 shares of the company’s stock worth $280,000 after purchasing an additional 360 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Kodiak Gas Services by 2.7% during the second quarter. Captrust Financial Advisors now owns 16,925 shares of the company’s stock valued at $580,000 after buying an additional 448 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Kodiak Gas Services by 80.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after buying an additional 646 shares during the last quarter. Amplify Investments LLC increased its holdings in Kodiak Gas Services by 35.7% in the 3rd quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock worth $98,000 after buying an additional 700 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Kodiak Gas Services by 1,850.0% in the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after buying an additional 703 shares in the last quarter. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Price Performance

NYSE KGS opened at $55.80 on Monday. Kodiak Gas Services, Inc. has a 12 month low of $29.25 and a 12 month high of $58.50. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 64.14 and a beta of 1.10. The company’s 50 day moving average is $48.41 and its two-hundred day moving average is $39.92. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 2.12.

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

Kodiak Gas Services Announces Dividend

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

Insider Buying and Selling

In other news, insider Pedro R. Buhigas sold 13,942 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $55.73, for a total value of $776,987.66. Following the transaction, the insider directly owned 42,723 shares in the company, valued at $2,380,952.79. The trade was a 24.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexander Newsom Darden acquired 5,000 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $54.75 per share, with a total value of $273,750.00. Following the purchase, the director owned 5,000 shares of the company’s stock, valued at approximately $273,750. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, 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 corporate insiders.

Analyst Upgrades and Downgrades

KGS has been the topic of several research analyst reports. Citigroup upped their target price on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. The Goldman Sachs Group lifted their price target on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Royal Bank Of Canada boosted their price objective on shares of Kodiak Gas Services from $45.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Barclays lifted their target price on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and an average price target of $54.57.

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.