Quantbot Technologies LP Buys Shares of 11,733 Kodiak Gas Services, Inc. $KGS

Quantbot Technologies LP purchased a new position in Kodiak Gas Services, Inc. (NYSE:KGS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,733 shares of the company’s stock, valued at approximately $882,000.

Other large investors have also made changes to their positions in the company. Emerald Investment Advisers LLC purchased a new stake in shares of Kodiak Gas Services during the 2nd quarter valued at $5,709,000. Landscape Capital Management L.L.C. purchased a new position in Kodiak Gas Services during the 2nd quarter worth $585,000. Keebeck Wealth Management purchased a new position in Kodiak Gas Services during the 2nd quarter worth $258,000. Allworth Financial LP acquired a new position in Kodiak Gas Services during the 2nd quarter valued at about $80,000. Finally, Kayne Anderson Capital Advisors LP acquired a new position in Kodiak Gas Services during the 2nd quarter valued at about $84,821,000. 24.95% of the stock is owned by institutional investors and hedge funds.

Kodiak Gas Services Price Performance

NYSE KGS opened at $60.45 on Thursday. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 71.97, a PEG ratio of 0.85 and a beta of 0.97. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.45 and a quick ratio of 1.15. The stock’s fifty day moving average price is $64.69 and its 200 day moving average price is $62.92. Kodiak Gas Services, Inc. has a 1 year low of $32.55 and a 1 year high of $77.68.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). The firm had revenue of $391.12 million for the quarter, compared to analyst estimates of $386.30 million. Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%.The business’s revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. As a group, equities research analysts forecast that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Monday, August 17th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, August 17th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 233.33%.

Insider Activity

In related news, insider Pedro R. Buhigas sold 4,625 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $67.78, for a total value of $313,482.50. Following the sale, the insider owned 38,454 shares in the company, valued at $2,606,412.12. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO William Chad Lenamon sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $67.79, for a total value of $67,790.00. Following the completion of the sale, the chief operating officer owned 87,294 shares in the company, valued at approximately $5,917,660.26. This represents a 1.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 19,531 shares of company stock valued at $1,296,158. 0.64% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. Piper Sandler assumed coverage on Kodiak Gas Services in a research note on Tuesday, July 28th. They set an “overweight” rating and a $78.00 price target on the stock. Zacks Research upgraded shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Citigroup increased their price objective on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, Wells Fargo & Company started coverage on shares of Kodiak Gas Services in a research note on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 target price for the company. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and an average price target of $78.89.

Kodiak Gas Services 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.