Alyeska Investment Group L.P. Sells 33,291 Shares of Kodiak Gas Services, Inc. $KGS

Alyeska Investment Group L.P. reduced its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 15.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,649 shares of the company's stock after selling 33,291 shares during the quarter. Alyeska Investment Group L.P. owned 0.18% of Kodiak Gas Services worth $13,572,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Kodiak Gas Services during the second quarter valued at approximately $1,142,139,000. Invesco Ltd. lifted its stake in shares of Kodiak Gas Services by 20.4% during the 4th quarter. Invesco Ltd. now owns 7,593,274 shares of the company's stock worth $283,988,000 after acquiring an additional 1,287,485 shares during the last quarter. 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 valued at $230,771,000 after acquiring an additional 1,559,172 shares during the period. Zimmer Partners LP boosted its holdings in Kodiak Gas Services by 45.7% during the 4th quarter. Zimmer Partners LP now owns 4,271,553 shares of the company's stock valued at $159,756,000 after acquiring an additional 1,339,849 shares during the period. Finally, State Street Corp grew its position in Kodiak Gas Services by 31.8% in the 4th quarter. State Street Corp now owns 3,340,008 shares of the company's stock valued at $124,916,000 after acquiring an additional 806,191 shares during the last quarter. Institutional investors own 24.95% of the company's stock.

Kodiak Gas Services Price Performance

NYSE KGS opened at $58.81 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45. The firm's 50 day moving average price is $64.04 and its 200-day moving average price is $63.10. Kodiak Gas Services, Inc. has a 52-week low of $32.55 and a 52-week high of $77.68. The company has a market cap of $5.95 billion, a PE ratio of 70.01, a P/E/G ratio of 0.84 and a beta of 0.98.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.12). Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%.The business had revenue of $391.12 million during the quarter, compared to the consensus estimate of $386.30 million. During the same period last year, the firm earned $0.43 EPS. The business's quarterly revenue was up 21.2% on a year-over-year basis. Sell-side analysts forecast that Kodiak Gas Services, Inc. will post 2.44 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Monday, August 17th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, August 17th. Kodiak Gas Services's dividend payout ratio is presently 233.33%.

Insiders Place Their Bets

In other news, CEO Robert Michael Mckee sold 6,008 shares of Kodiak Gas Services stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $62.39, for a total value of $374,839.12. Following the transaction, the chief executive officer owned 298,589 shares of the company's stock, valued at $18,628,967.71. The trade was a 1.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pedro R. Buhigas sold 4,625 shares of Kodiak Gas Services stock in a transaction that occurred 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 directly owned 38,454 shares in the company, valued at approximately $2,606,412.12. The trade was a 10.74% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 19,531 shares of company stock worth $1,296,158. Insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Barclays decreased their price target on shares of Kodiak Gas Services from $76.00 to $72.00 and set an "overweight" rating for the company in a research note on Wednesday, July 8th. Jefferies Financial Group dropped their price objective on Kodiak Gas Services from $79.00 to $69.00 and set a "buy" rating on the stock in a research note on Monday, August 10th. Piper Sandler initiated coverage on Kodiak Gas Services in a report on Tuesday, July 28th. They set an "overweight" rating and a $78.00 price objective on the stock. Finally, Stifel Nicolaus raised their price objective on Kodiak Gas Services from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $78.89.

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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