Quantbot Technologies LP Has $5.93 Million Stock Position in Kodiak Gas Services, Inc. $KGS

Quantbot Technologies LP increased its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 25.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 160,503 shares of the company’s stock after buying an additional 32,501 shares during the quarter. Quantbot Technologies LP owned 0.19% of Kodiak Gas Services worth $5,934,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP increased its position in Kodiak Gas Services by 1,850.0% during the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after purchasing an additional 703 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Kodiak Gas Services by 1,501.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after acquiring an additional 1,156 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Kodiak Gas Services by 80.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after purchasing an additional 646 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Kodiak Gas Services by 652.4% during the third quarter. Jones Financial Companies Lllp now owns 1,595 shares of the company’s stock valued at $60,000 after acquiring an additional 1,383 shares during the last quarter. Finally, Amplify Investments LLC raised its stake in shares of Kodiak Gas Services by 35.7% during the 3rd quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock worth $98,000 after purchasing an additional 700 shares during the period. 24.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KGS has been the topic of several research reports. Barclays boosted their price target on shares of Kodiak Gas Services from $42.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Citigroup raised their target price on shares of Kodiak Gas Services from $48.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Stifel Nicolaus set a $48.00 price objective on Kodiak Gas Services in a report on Thursday, November 6th. Royal Bank Of Canada raised their price objective on Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Finally, William Blair started coverage on shares of Kodiak Gas Services in a report on Tuesday, November 18th. They set an “outperform” rating for the company. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $47.00.

Kodiak Gas Services Price Performance

Shares of NYSE:KGS opened at $54.41 on Friday. Kodiak Gas Services, Inc. has a 1-year low of $29.25 and a 1-year high of $55.49. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.98 and a quick ratio of 0.69. The company has a market capitalization of $4.72 billion, a P/E ratio of 62.54 and a beta of 1.31. The firm’s 50 day simple moving average is $42.59 and its two-hundred day simple moving average is $37.73.

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). The company had revenue of $332.87 million during the quarter, compared to analysts’ expectations of $330.95 million. Kodiak Gas Services had a return on equity of 11.31% and a net margin of 6.16%.The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. Research analysts expect that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were issued a dividend of $0.49 per share. The ex-dividend date was Friday, February 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.6%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 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.