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 lessened its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 29.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of KGS. FMR LLC lifted its holdings in shares of Kodiak Gas Services by 444.4% during the third quarter. FMR LLC now owns 4,889,804 shares of the company’s stock valued at $141,804,000 after acquiring an additional 3,991,630 shares during the period. HITE Hedge Asset Management LLC increased its position in shares of Kodiak Gas Services by 74.8% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 780,600 shares of the company’s stock worth $21,279,000 after purchasing an additional 334,086 shares in the last quarter. American Century Companies Inc. lifted its holdings in Kodiak Gas Services by 63.2% during the 2nd quarter. American Century Companies Inc. now owns 575,371 shares of the company’s stock valued at $15,685,000 after purchasing an additional 222,830 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Kodiak Gas Services by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 542,281 shares of the company’s stock valued at $14,783,000 after buying an additional 7,640 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Kodiak Gas Services by 17.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 198,410 shares of the company’s stock worth $5,754,000 after buying an additional 29,611 shares during the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Insiders Place Their Bets

In related news, insider Ewan William Hamilton sold 3,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 31,745 shares in the company, valued at approximately $1,284,085.25. The trade was a 8.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays lifted their target price on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. lifted their price objective 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. Truist Financial increased their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada lifted their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, Mizuho started coverage on shares of Kodiak Gas Services in a report on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kodiak Gas Services has a consensus rating of “Moderate Buy” and an average price target of $37.09.

Kodiak Gas Services Stock Performance

Shares of Kodiak Gas Services stock opened at $41.12 on Wednesday. The firm has a fifty day moving average of $35.94 and a two-hundred day moving average of $30.43. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 141.79 and a beta of 1.14. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. Kodiak Gas Services, Inc. has a 52 week low of $18.73 and a 52 week high of $44.20.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were given a $0.41 dividend. 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 is 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.