Kestra Investment Management LLC Makes New $233,000 Investment in Kodiak Gas Services, Inc. (NYSE:KGS)

Kestra Investment Management LLC bought a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,716 shares of the company’s stock, valued at approximately $233,000.

A number of other large investors have also made changes to their positions in KGS. SG Americas Securities LLC acquired a new position in Kodiak Gas Services during the third quarter worth $125,000. HWG Holdings LP boosted its position in shares of Kodiak Gas Services by 5,435.7% during the 3rd quarter. HWG Holdings LP now owns 80,932 shares of the company’s stock valued at $2,347,000 after acquiring an additional 79,470 shares during the last quarter. United Advisor Group LLC acquired a new position in shares of Kodiak Gas Services during the 3rd quarter valued at about $341,000. Principal Financial Group Inc. purchased a new stake in shares of Kodiak Gas Services in the third quarter valued at about $610,000. Finally, Victory Capital Management Inc. acquired a new stake in Kodiak Gas Services during the third quarter worth about $2,974,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays increased their price target on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. The Goldman Sachs Group increased their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Mizuho lifted their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Royal Bank of Canada increased their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, Truist Financial boosted their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Two investment 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.09.

Kodiak Gas Services Stock Up 1.4 %

Shares of NYSE:KGS opened at $46.57 on Thursday. The firm has a market capitalization of $4.08 billion, a PE ratio of 160.58 and a beta of 1.18. Kodiak Gas Services, Inc. has a 1 year low of $23.57 and a 1 year high of $50.43. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The firm’s 50-day moving average is $44.21 and its two-hundred day moving average is $36.08.

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 14th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.52%. The ex-dividend date is Friday, February 14th. Kodiak Gas Services’s payout ratio is currently 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.