Capricorn Fund Managers Ltd Sells 59,971 Shares of Kodiak Gas Services, Inc. $KGS

Capricorn Fund Managers Ltd cut its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 60.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,029 shares of the company’s stock after selling 59,971 shares during the quarter. Capricorn Fund Managers Ltd’s holdings in Kodiak Gas Services were worth $2,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its position in Kodiak Gas Services by 52.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after purchasing an additional 364 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Kodiak Gas Services by 1,501.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after purchasing an additional 1,156 shares during the last quarter. State of Wyoming grew its holdings in shares of Kodiak Gas Services by 201.7% in the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after purchasing an additional 815 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after buying an additional 556 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Kodiak Gas Services by 80.4% in the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after buying an additional 646 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, insider Pedro R. Buhigas sold 4,625 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $67.78, for a total transaction of $313,482.50. Following the completion of the transaction, the insider owned 38,454 shares of the company’s stock, valued at approximately $2,606,412.12. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO William Chad Lenamon sold 1,000 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $67.79, for a total transaction of $67,790.00. Following the sale, the chief operating officer owned 90,918 shares in the company, valued at approximately $6,163,331.22. This trade represents a 1.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,354 shares of company stock valued at $568,536 over the last ninety days. Company insiders own 0.64% of the company’s stock.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $74.99 on Wednesday. The company has a 50-day simple moving average of $69.87 and a two-hundred day simple moving average of $55.74. 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 firm has a market capitalization of $6.66 billion, a PE ratio of 101.34, a price-to-earnings-growth ratio of 1.04 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.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Monday, May 11th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The firm had revenue of $345.76 million for the quarter, compared to the consensus estimate of $340.23 million. During the same quarter in the prior year, the business earned $0.33 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts anticipate that Kodiak Gas Services, Inc. will post 2.36 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were given a dividend of $0.49 per share. The ex-dividend date was Monday, May 18th. This represents a $1.96 annualized dividend and a dividend yield of 2.6%. Kodiak Gas Services’s payout ratio is currently 264.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company initiated coverage on shares of Kodiak Gas Services in a report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. Jefferies Financial Group started coverage on Kodiak Gas Services in a report on Thursday, June 4th. They issued a “buy” rating and a $79.00 price objective for the company. Royal Bank Of Canada lifted their price objective on Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, May 18th. Finally, The Goldman Sachs Group boosted their target price on Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $79.25.

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.