UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 17,251 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Kodiak Gas Services, Inc. (NYSE:KGS) by 29.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 40,606 shares of the company’s stock after selling 17,251 shares during the quarter. 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 filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. FORA Capital LLC bought a new stake in Kodiak Gas Services in the 3rd quarter valued at $431,000. Quantbot Technologies LP raised its position in shares of Kodiak Gas Services by 78.8% in the third quarter. Quantbot Technologies LP now owns 54,340 shares of the company’s stock valued at $1,576,000 after purchasing an additional 23,947 shares during the period. FMR LLC lifted its stake 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 during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings 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 during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in 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 valued at $5,754,000 after buying an additional 29,611 shares during the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were 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 in the company, valued at $1,284,085.25. This trade represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KGS. Mizuho began coverage on shares of Kodiak Gas Services in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price objective for the company. The Goldman Sachs Group lifted their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Bank of America assumed coverage on Kodiak Gas Services in a report on Wednesday, September 18th. They issued a “buy” rating and a $30.00 price objective on the stock. Citigroup assumed coverage on Kodiak Gas Services in a report on Friday, September 27th. They set a “buy” rating and a $35.00 target price for the company. Finally, Truist Financial raised their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.09.

Kodiak Gas Services Stock Performance

Shares of Kodiak Gas Services stock opened at $41.12 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The company has a market cap of $3.60 billion, a PE ratio of 141.79 and a beta of 1.14. The company has a 50 day moving average of $35.94 and a 200-day moving average of $30.43. Kodiak Gas Services, Inc. has a 1-year low of $18.73 and a 1-year high of $44.20.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a dividend of $0.41 per share. The ex-dividend date was Friday, November 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.99%. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 565.52%.

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.