Aventail Capital Group LP Boosts Stock Position in Kodiak Gas Services, Inc. $KGS

Aventail Capital Group LP increased its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 48.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 150,000 shares of the company’s stock after buying an additional 49,144 shares during the quarter. Aventail Capital Group LP’s holdings in Kodiak Gas Services were worth $5,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KGS. Royal Bank of Canada raised its stake in 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 acquiring an additional 4,126 shares during the period. AQR Capital Management LLC increased its stake in shares of Kodiak Gas Services by 64.9% in the first quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock worth $793,000 after purchasing an additional 8,369 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Kodiak Gas Services by 44.8% during 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 purchasing an additional 8,297 shares during the period. Goldman Sachs Group Inc. raised its position in shares of 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 valued at $73,979,000 after purchasing an additional 730,180 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Kodiak Gas Services by 102.4% during the 1st 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 buying an additional 48,122 shares in the last quarter. Institutional investors own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on KGS shares. Royal Bank Of Canada upped their target price on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. The Goldman Sachs Group boosted their price objective on Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Barclays upped their price objective on Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. William Blair started coverage on Kodiak Gas Services in a research report on Tuesday, November 18th. They set an “outperform” rating for the company. Finally, Mizuho lifted their target price on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.86.

Kodiak Gas Services Stock Performance

KGS opened at $54.27 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.57 and a current ratio of 0.84. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 62.38 and a beta of 1.11. The company has a fifty day moving average of $46.43 and a 200 day moving average of $39.18. Kodiak Gas Services, Inc. has a fifty-two week low of $29.25 and a fifty-two week high of $58.50.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The company had revenue of $332.87 million during the quarter, compared to analysts’ expectations of $330.95 million. During the same quarter in the previous year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, sell-side analysts forecast 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 given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services’s payout ratio is currently 225.29%.

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.