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

Quantbot Technologies LP bought a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,733 shares of the company’s stock, valued at approximately $882,000.

Several other institutional investors have also recently made changes to their positions in KGS. Royal Bank of Canada grew its holdings in Kodiak Gas Services by 67.5% during the 1st quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock valued at $382,000 after purchasing an additional 4,126 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Kodiak Gas Services by 64.9% during the first quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock valued at $793,000 after buying an additional 8,369 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Kodiak Gas Services by 44.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock valued at $1,000,000 after buying an additional 8,297 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Kodiak Gas Services by 58.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock worth $73,979,000 after buying an additional 730,180 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Kodiak Gas Services by 102.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock worth $3,548,000 after buying an additional 48,122 shares during the period. Institutional investors own 24.95% of the company’s stock.

Insider Transactions at Kodiak Gas Services

In related news, CEO Robert Michael Mckee sold 6,008 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $62.39, for a total transaction of $374,839.12. Following the sale, the chief executive officer owned 298,589 shares of the company’s stock, valued at $18,628,967.71. This trade represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Pedro R. Buhigas sold 4,625 shares of Kodiak Gas Services stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $67.78, for a total value of $313,482.50. Following the completion of the transaction, the insider owned 38,454 shares in the company, valued at $2,606,412.12. This trade represents a 10.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 19,531 shares of company stock worth $1,296,158. Company insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KGS. Citigroup boosted their price objective on Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Wells Fargo & Company initiated coverage on Kodiak Gas Services in a research note on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 target price on the stock. The Goldman Sachs Group lifted their target price on 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 note on Wednesday, May 6th. Finally, Stifel Nicolaus upped their price target on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.89.

Kodiak Gas Services Price Performance

Shares of KGS opened at $60.45 on Thursday. The company has a 50 day moving average price of $64.69 and a 200-day moving average price of $62.92. Kodiak Gas Services, Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $77.68. The stock has a market capitalization of $6.11 billion, a PE 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 quick ratio of 1.15 and a current ratio of 1.45.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.12). The business had revenue of $391.12 million for the quarter, compared to analysts’ expectations of $386.30 million. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. Equities analysts predict that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

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

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.