Kodiak Gas Services, Inc. (NYSE:KGS) Holdings Cut by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 29.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,606 shares of the company's stock after selling 17,251 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Kodiak Gas Services were worth $1,178,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FORA Capital LLC acquired a new position in shares of Kodiak Gas Services during the third quarter valued at $431,000. Quantbot Technologies LP increased its stake in Kodiak Gas Services by 78.8% during the 3rd quarter. Quantbot Technologies LP now owns 54,340 shares of the company's stock valued at $1,576,000 after buying an additional 23,947 shares during the period. FMR LLC raised its position in shares of Kodiak Gas Services by 444.4% during the 3rd quarter. FMR LLC now owns 4,889,804 shares of the company's stock worth $141,804,000 after buying an additional 3,991,630 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of Kodiak Gas Services by 41.7% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 10,904 shares of the company's stock worth $316,000 after buying an additional 3,209 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Kodiak Gas Services by 17.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 198,410 shares of the company's stock worth $5,754,000 after acquiring an additional 29,611 shares during the period. Institutional investors own 24.95% of the company's stock.

Kodiak Gas Services Trading Down 6.2 %

KGS stock traded down $2.53 during mid-day trading on Wednesday, reaching $38.59. 1,600,794 shares of the stock traded hands, compared to its average volume of 563,941. The stock's fifty day moving average is $36.14 and its 200-day moving average is $30.53. The company has a market cap of $3.38 billion, a P/E ratio of 133.07 and a beta of 1.14. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. Kodiak Gas Services, Inc. has a 52-week low of $19.17 and a 52-week high of $44.20.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date was Friday, November 1st. Kodiak Gas Services's dividend payout ratio is 565.52%.

Analysts Set New Price Targets

A number of research firms recently commented on KGS. Citigroup initiated coverage on shares of Kodiak Gas Services in a research note on Friday, September 27th. They set a "buy" rating and a $35.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on Kodiak Gas Services from $34.00 to $42.00 and gave the company a "neutral" rating in a research report on Friday, November 29th. Barclays upped their price objective on Kodiak Gas Services from $29.00 to $32.00 and gave the company an "equal weight" rating in a report on Monday, October 7th. Mizuho assumed coverage on Kodiak Gas Services in a report on Wednesday, October 2nd. They set an "outperform" rating and a $36.00 target price on the stock. Finally, Raymond James upped their price target on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.09.

Insiders Place Their Bets

In related news, insider Ewan William Hamilton sold 3,000 shares of the 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 completion of the sale, the insider now directly owns 31,745 shares of the company's stock, valued at approximately $1,284,085.25. This represents a 8.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company's stock.

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.