Ewan William Hamilton Sells 5,797 Shares of Kodiak Gas Services (NYSE:KGS) Stock

Kodiak Gas Services, Inc. (NYSE:KGS) CAO Ewan William Hamilton sold 5,797 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $56.18, for a total value of $325,675.46. Following the sale, the chief accounting officer directly owned 34,346 shares in the company, valued at $1,929,558.28. This represents a 14.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ewan William Hamilton also recently made the following trade(s):

• On Monday, March 16th, Ewan William Hamilton sold 2,091 shares of Kodiak Gas Services stock. The shares were sold at an average price of $55.25, for a total value of $115,527.75.
• On Friday, March 13th, Ewan William Hamilton sold 4,830 shares of Kodiak Gas Services stock. The shares were sold at an average price of $54.75, for a total value of $264,442.50.

Kodiak Gas Services Trading Up 3.4%

KGS opened at $57.42 on Friday. 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 capitalization of $4.93 billion, a price-to-earnings ratio of 66.00 and a beta of 1.11. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57. The business has a fifty day moving average price of $48.02 and a 200 day moving average price of $39.72.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results 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). The company had revenue of $332.87 million during the quarter, compared to analyst estimates of $330.95 million. Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. Kodiak Gas Services’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 EPS. Sell-side analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal 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 paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services’s dividend payout ratio is presently 225.29%.

Hedge Funds Weigh In On Kodiak Gas Services

Several hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of Kodiak Gas Services by 67.5% during the 1st quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock worth $382,000 after buying an additional 4,126 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Kodiak Gas Services by 64.9% in the 1st quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock valued at $793,000 after buying an additional 8,369 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Kodiak Gas Services by 44.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock valued at $1,000,000 after buying an additional 8,297 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Kodiak Gas Services by 58.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock worth $73,979,000 after acquiring an additional 730,180 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Kodiak Gas Services by 102.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock valued at $3,548,000 after acquiring an additional 48,122 shares during the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KGS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Citigroup increased their price objective on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Mizuho lifted their price objective on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Barclays lifted their price objective 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. Finally, Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and an average price target of $54.57.

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.