BROOKFIELD Corp ON Sells 510,236 Shares of Kodiak Gas Services, Inc. $KGS

BROOKFIELD Corp ON cut its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 64.7% during the 1st quarter, Holdings Channel reports. The firm owned 278,137 shares of the company’s stock after selling 510,236 shares during the quarter. BROOKFIELD Corp ON’s holdings in Kodiak Gas Services were worth $16,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of KGS. Vanguard Group Inc. lifted its stake in Kodiak Gas Services by 33.8% in the 4th 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 during the last quarter. Invesco Ltd. increased 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 buying an additional 1,436,443 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in Kodiak Gas Services by 3,046.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,471,663 shares of the company’s stock valued at $55,040,000 after buying an additional 1,424,888 shares during the period. Zimmer Partners LP raised its stake in Kodiak Gas Services by 45.7% in the fourth quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock valued at $159,756,000 after buying an additional 1,339,849 shares during the period. Finally, Eagle Global Advisors LLC acquired a new stake in shares of Kodiak Gas Services in the fourth quarter valued at approximately $39,741,000. 24.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Kodiak Gas Services news, COO William Chad Lenamon sold 1,000 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $67.79, for a total transaction of $67,790.00. Following the transaction, the chief operating officer owned 87,294 shares in the company, valued at $5,917,660.26. This trade represents a 1.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cory Anne Roclawski sold 4,169 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $68.36, for a total value of $284,992.84. Following the transaction, the executive vice president owned 24,662 shares in the company, valued at approximately $1,685,894.32. This trade represents a 14.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 13,523 shares of company stock worth $921,319. 0.64% of the stock is owned by corporate insiders.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock opened at $58.90 on Monday. Kodiak Gas Services, Inc. has a twelve month low of $30.06 and a twelve month high of $77.68. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38. The company has a 50-day simple moving average of $69.05 and a two-hundred day simple moving average of $59.56. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 79.59, a price-to-earnings-growth ratio of 0.93 and a beta of 0.89.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The firm had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. During the same quarter in the prior year, the business posted $0.33 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. Analysts forecast that Kodiak Gas Services, Inc. will post 2.27 EPS for the current year.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s payout ratio is 264.86%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup lifted their target price on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Wells Fargo & Company initiated coverage on Kodiak Gas Services in a report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price target for the company. The Goldman Sachs Group lifted their price objective on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Zacks Research raised shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Barclays cut their target price 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. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.50.

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.