Advisors Preferred LLC Has $3.55 Million Stock Position in Kodiak Gas Services, Inc. $KGS

Advisors Preferred LLC lessened its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 39.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 60,860 shares of the company’s stock after selling 40,146 shares during the period. Advisors Preferred LLC’s holdings in Kodiak Gas Services were worth $3,549,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in 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 purchasing an additional 1,559,172 shares in the last quarter. Invesco Ltd. raised its position in Kodiak Gas Services by 29.5% during the third quarter. Invesco Ltd. now owns 6,305,789 shares of the company’s stock worth $233,125,000 after acquiring an additional 1,436,443 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Kodiak Gas Services by 3,046.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,471,663 shares of the company’s stock worth $55,040,000 after acquiring an additional 1,424,888 shares in the last quarter. Zimmer Partners LP raised its position in Kodiak Gas Services by 45.7% during the fourth quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock worth $159,756,000 after acquiring an additional 1,339,849 shares in the last quarter. Finally, Eagle Global Advisors LLC acquired a new stake in Kodiak Gas Services in the fourth quarter valued at $39,741,000. 24.95% of the stock is owned by institutional investors and hedge funds.

Kodiak Gas Services Stock Performance

NYSE KGS opened at $69.08 on Wednesday. The stock has a market cap of $6.13 billion, a PE ratio of 93.36, a P/E/G ratio of 1.04 and a beta of 0.89. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28. The firm has a 50-day moving average of $70.34 and a 200-day moving average of $57.97. Kodiak Gas Services, Inc. has a 52-week low of $30.06 and a 52-week high of $77.68.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The business had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. Kodiak Gas Services’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 EPS. On average, sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 2.27 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s payout ratio is currently 264.86%.

Insider Transactions at Kodiak Gas Services

In other news, CAO Ewan William Hamilton sold 2,729 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $68.62, for a total transaction of $187,263.98. Following the transaction, the chief accounting officer owned 31,617 shares in the company, valued at approximately $2,169,558.54. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO William Chad Lenamon sold 1,000 shares of Kodiak Gas Services stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $67.79, for a total value of $67,790.00. Following the sale, the chief operating officer directly owned 87,294 shares of the company’s stock, valued at approximately $5,917,660.26. The trade was a 1.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 13,523 shares of company stock worth $921,319. Insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on KGS. Weiss Ratings reissued a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. Zacks Research upgraded shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Citigroup lifted their price target on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Royal Bank Of Canada raised their price objective on Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, May 18th. Finally, Jefferies Financial Group assumed coverage on Kodiak Gas Services in a research note on Thursday, June 4th. They set a “buy” rating and a $79.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $79.50.

About Kodiak Gas Services

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.