Quantbot Technologies LP Buys 23,947 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Quantbot Technologies LP raised its stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 78.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,340 shares of the company's stock after purchasing an additional 23,947 shares during the period. Quantbot Technologies LP owned approximately 0.06% of Kodiak Gas Services worth $1,576,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Security National Bank bought a new stake in shares of Kodiak Gas Services during the second quarter valued at approximately $39,000. HWG Holdings LP bought a new position in Kodiak Gas Services during the second quarter worth about $40,000. nVerses Capital LLC boosted its holdings in Kodiak Gas Services by 90.9% during the second quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock valued at $57,000 after purchasing an additional 1,000 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Kodiak Gas Services in the 3rd quarter valued at approximately $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Kodiak Gas Services by 115.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company's stock worth $155,000 after buying an additional 3,045 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak Gas Services Trading Up 1.6 %

NYSE KGS traded up $0.62 during trading on Friday, reaching $40.44. 516,713 shares of the stock traded hands, compared to its average volume of 535,939. The stock's 50-day moving average price is $33.44 and its 200 day moving average price is $29.34. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 139.45 and a beta of 0.79. Kodiak Gas Services, Inc. has a fifty-two week low of $17.50 and a fifty-two week high of $41.25.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend was Friday, November 1st. Kodiak Gas Services's payout ratio is presently 565.54%.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $40.45, for a total value of $121,350.00. Following the sale, the insider now owns 31,745 shares of the company's stock, valued at $1,284,085.25. This trade represents a 8.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

KGS has been the topic of a number of analyst reports. Stifel Nicolaus upped their price target on Kodiak Gas Services from $31.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. The Goldman Sachs Group upped their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their target price on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the company a "neutral" rating in a research note on Friday. Mizuho assumed coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $36.00 price target on the stock. Finally, Bank of America began coverage on Kodiak Gas Services in a research report on Wednesday, September 18th. They issued a "buy" rating and a $30.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Kodiak Gas Services presently has an average rating of "Moderate Buy" and an average price target of $37.09.

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.