Kestra Private Wealth Services LLC Acquires 6,818 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Kestra Private Wealth Services LLC grew its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 57.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,634 shares of the company’s stock after purchasing an additional 6,818 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Kodiak Gas Services were worth $761,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. FMR LLC boosted its holdings in Kodiak Gas Services by 444.4% during the 3rd 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. Zimmer Partners LP boosted its stake in shares of Kodiak Gas Services by 313.0% during the third quarter. Zimmer Partners LP now owns 1,779,851 shares of the company’s stock valued at $51,616,000 after purchasing an additional 1,348,899 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Kodiak Gas Services during the third quarter valued at approximately $44,558,000. State Street Corp grew its holdings in shares of Kodiak Gas Services by 8.7% in the third quarter. State Street Corp now owns 678,925 shares of the company’s stock worth $19,689,000 after purchasing an additional 54,202 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of Kodiak Gas Services by 50.3% in the third quarter. Two Sigma Advisers LP now owns 605,100 shares of the company’s stock worth $17,548,000 after buying an additional 202,400 shares during the period. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Analyst Ratings Changes

KGS has been the subject of several analyst reports. Citigroup increased their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Raymond James raised their target price on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Barclays upped their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Truist Financial lifted their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price target on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, November 29th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.09.

Insider Activity at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the transaction, the insider now directly owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction 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 sale, the insider now directly owns 31,745 shares of the company’s stock, valued at $1,284,085.25. The trade was a 8.63 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Kodiak Gas Services Price Performance

Shares of NYSE KGS opened at $45.22 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 155.93 and a beta of 1.18. The company has a 50 day simple moving average of $43.99 and a two-hundred day simple moving average of $35.66. Kodiak Gas Services, Inc. has a fifty-two week low of $23.54 and a fifty-two week high of $50.43.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 14th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 3.63%. Kodiak Gas Services’s payout ratio is presently 565.54%.

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.