Quantbot Technologies LP Increases Stock Position in Kodiak Gas Services, Inc. $KGS

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Quantbot Technologies LP raised its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 101.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Zimmer Partners LP boosted its holdings in Kodiak Gas Services by 88.1% in the 4th quarter. Zimmer Partners LP now owns 3,347,700 shares of the company's stock valued at $136,687,000 after purchasing an additional 1,567,849 shares in the last quarter. Invesco Ltd. boosted its holdings in Kodiak Gas Services by 3.5% in the 1st quarter. Invesco Ltd. now owns 3,044,939 shares of the company's stock valued at $113,576,000 after purchasing an additional 102,157 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Kodiak Gas Services by 9.0% in the 1st quarter. Vanguard Group Inc. now owns 2,897,588 shares of the company's stock valued at $108,080,000 after purchasing an additional 238,573 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Kodiak Gas Services by 14.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,650,183 shares of the company's stock valued at $67,379,000 after purchasing an additional 202,050 shares in the last quarter. Finally, Encompass Capital Advisors LLC purchased a new stake in Kodiak Gas Services in the 4th quarter valued at approximately $66,122,000. Hedge funds and other institutional investors own 24.95% of the company's stock.

Kodiak Gas Services Trading Up 3.1%

Shares of Kodiak Gas Services stock opened at $35.93 on Tuesday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.10 and a quick ratio of 0.78. Kodiak Gas Services, Inc. has a 1 year low of $25.21 and a 1 year high of $50.43. The company has a market capitalization of $3.15 billion, a P/E ratio of 39.92 and a beta of 1.33. The business has a 50 day moving average price of $33.11 and a 200 day moving average price of $35.94.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued 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 firm had revenue of $322.84 million during the quarter, compared to the consensus estimate of $335.10 million. During the same period in the previous year, the firm posted $0.06 EPS. The company's quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts anticipate 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 Thursday, August 14th. Investors of record on Monday, August 4th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Monday, August 4th. Kodiak Gas Services's payout ratio is currently 200.00%.

Kodiak Gas Services declared that its Board of Directors has initiated a stock buyback program on Monday, August 11th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to purchase up to 1.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have recently commented on KGS shares. JPMorgan Chase & Co. reissued a "buy" rating and set a $43.00 price target (up previously from $42.00) on shares of Kodiak Gas Services in a research note on Monday, June 23rd. Barclays boosted their price target on Kodiak Gas Services from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Royal Bank Of Canada boosted their price target on Kodiak Gas Services from $42.00 to $43.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Finally, Mizuho decreased their price target on Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 20th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of "Moderate Buy" and an average price target of $41.10.

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.

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