Kayne Anderson Capital Advisors LP Has $1.78 Million Stake in Kodiak Gas Services, Inc. (NYSE:KGS)

Kayne Anderson Capital Advisors LP reduced its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 53.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,545 shares of the company's stock after selling 49,938 shares during the period. Kayne Anderson Capital Advisors LP's holdings in Kodiak Gas Services were worth $1,778,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. bought a new position in shares of Kodiak Gas Services during the third quarter worth about $2,974,000. Principal Financial Group Inc. bought a new position in Kodiak Gas Services during the third quarter worth $610,000. Chesapeake Capital Corp IL acquired a new position in Kodiak Gas Services in the third quarter valued at $603,000. Tidal Investments LLC bought a new stake in Kodiak Gas Services during the third quarter valued at $598,000. Finally, Barclays PLC grew its holdings in Kodiak Gas Services by 209.3% during the 3rd quarter. Barclays PLC now owns 42,350 shares of the company's stock worth $1,228,000 after acquiring an additional 28,658 shares during the period. 24.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kodiak Gas Services

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the sale, the insider now directly owns 34,771,323 shares of the company's stock, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.18% of the company's stock.

Kodiak Gas Services Stock Up 6.0 %

Shares of NYSE KGS opened at $35.25 on Wednesday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. Kodiak Gas Services, Inc. has a 1 year low of $24.83 and a 1 year high of $50.43. The stock has a market capitalization of $3.09 billion, a P/E ratio of 121.56 and a beta of 1.30. The company has a 50-day moving average price of $44.16 and a 200-day moving average price of $37.38.

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Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.15). The company had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. On average, equities research analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were given a $0.41 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.64 annualized dividend and a yield of 4.65%. Kodiak Gas Services's dividend payout ratio is currently 277.97%.

Analyst Ratings Changes

KGS has been the topic of several research analyst reports. Truist Financial upped their target price on Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a "neutral" rating in a report on Friday, November 29th. Citigroup lifted their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. The Goldman Sachs Group increased their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Finally, Raymond James reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Kodiak Gas Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.73.

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.

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