Kodiak Gas Services, Inc. $KGS Shares Bought by Quantbot Technologies LP

Key Points

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Quantbot Technologies LP raised its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 101.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,759 shares of the company's stock after purchasing an additional 59,937 shares during the quarter. Quantbot Technologies LP owned 0.13% of Kodiak Gas Services worth $4,430,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Northern Trust Corp raised its holdings in shares of Kodiak Gas Services by 9.0% in the 1st quarter. Northern Trust Corp now owns 416,697 shares of the company's stock worth $15,543,000 after purchasing an additional 34,459 shares during the period. Versor Investments LP purchased a new stake in shares of Kodiak Gas Services during the 1st quarter valued at about $298,000. Algert Global LLC purchased a new stake in shares of Kodiak Gas Services during the 1st quarter valued at about $5,806,000. American Century Companies Inc. boosted its holdings in Kodiak Gas Services by 38.6% in the 1st quarter. American Century Companies Inc. now owns 1,302,080 shares of the company's stock worth $48,568,000 after acquiring an additional 362,621 shares during the period. Finally, Sit Investment Associates Inc. grew its position in Kodiak Gas Services by 23.6% in the first quarter. Sit Investment Associates Inc. now owns 35,900 shares of the company's stock valued at $1,339,000 after acquiring an additional 6,850 shares in the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of Kodiak Gas Services from $42.00 to $43.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Barclays increased their price objective on shares of Kodiak Gas Services from $36.00 to $37.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Mizuho lowered their price objective on shares of Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating for the company in a research report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. reaffirmed a "buy" rating and issued a $43.00 price objective (up previously from $42.00) on shares of Kodiak Gas Services in a research report on Monday, June 23rd. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Kodiak Gas Services has an average rating of "Moderate Buy" and an average price target of $41.10.

Kodiak Gas Services Stock Down 0.4%

KGS stock traded down $0.1260 during midday trading on Friday, hitting $35.8040. 1,278,994 shares of the company's stock were exchanged, compared to its average volume of 2,177,005. The company has a current ratio of 1.10, a quick ratio of 0.78 and a debt-to-equity ratio of 1.89. Kodiak Gas Services, Inc. has a 12-month low of $25.21 and a 12-month high of $50.43. The firm has a 50 day moving average price of $33.27 and a 200-day moving average price of $35.64. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 39.78 and a beta of 1.33.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. Kodiak Gas Services had a return on equity of 10.35% and a net margin of 6.48%.The company had revenue of $322.84 million for the quarter, compared to the consensus estimate of $335.10 million. During the same period in the previous year, the business earned $0.06 EPS. Kodiak Gas Services's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 4th were given a $0.45 dividend. The ex-dividend date was Monday, August 4th. This represents a $1.80 annualized dividend and a dividend yield of 5.0%. Kodiak Gas Services's dividend payout ratio (DPR) is presently 200.00%.

Kodiak Gas Services declared that its Board of Directors has approved a stock repurchase program on Monday, August 11th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to buy up to 1.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

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.