Quantbot Technologies LP Raises Stock Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Quantbot Technologies LP raised its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 78.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,340 shares of the company’s stock after purchasing an additional 23,947 shares during the period. Quantbot Technologies LP owned 0.06% of Kodiak Gas Services worth $1,576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in Kodiak Gas Services in the 1st quarter valued at about $1,046,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Kodiak Gas Services during the second quarter valued at approximately $913,000. Security National Bank purchased a new position in shares of Kodiak Gas Services in the second quarter valued at approximately $39,000. Bank of New York Mellon Corp boosted its stake in shares of Kodiak Gas Services by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 542,281 shares of the company’s stock worth $14,783,000 after acquiring an additional 7,640 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Kodiak Gas Services by 115.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company’s stock worth $155,000 after purchasing an additional 3,045 shares in the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Insider Activity

In other news, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total transaction of $121,350.00. Following the completion of the sale, the insider now directly owns 31,745 shares of the company’s stock, valued at approximately $1,284,085.25. The trade was a 8.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Kodiak Gas Services Price Performance

Kodiak Gas Services stock opened at $40.44 on Friday. The company’s 50 day moving average is $33.22 and its two-hundred day moving average is $29.24. The firm has a market cap of $3.54 billion, a PE ratio of 139.45 and a beta of 0.79. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. Kodiak Gas Services, Inc. has a 52-week low of $17.50 and a 52-week high of $41.25.

Kodiak Gas Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend was Friday, November 1st. Kodiak Gas Services’s dividend payout ratio is currently 565.54%.

Analysts Set New Price Targets

KGS has been the topic of a number of research reports. Raymond James lifted their target price on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. The Goldman Sachs Group boosted their price target on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays increased their price objective on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Royal Bank of Canada boosted their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, Stifel Nicolaus increased their price target on Kodiak Gas Services from $31.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.09.

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.