Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 32,749 shares of the company's stock, valued at approximately $950,000.
A number of other institutional investors have also recently added to or reduced their stakes in KGS. nVerses Capital LLC lifted its position in shares of Kodiak Gas Services by 90.9% in the second quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock worth $57,000 after buying an additional 1,000 shares during the last quarter. Wellington Shields & Co. LLC boosted its position in Kodiak Gas Services by 16.7% during the second quarter. Wellington Shields & Co. LLC now owns 7,000 shares of the company's stock worth $191,000 after purchasing an additional 1,000 shares during the period. Dark Forest Capital Management LP grew its holdings in Kodiak Gas Services by 5.9% during the second quarter. Dark Forest Capital Management LP now owns 20,894 shares of the company's stock valued at $570,000 after purchasing an additional 1,164 shares during the last quarter. HWG Holdings LP bought a new position in shares of Kodiak Gas Services in the second quarter valued at approximately $40,000. Finally, Pacer Advisors Inc. lifted its position in Kodiak Gas Services by 7.6% during the 2nd quarter. Pacer Advisors Inc. now owns 39,944 shares of the company's stock worth $1,089,000 after acquiring an additional 2,816 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, insider Ewan William Hamilton sold 3,000 shares of the business's stock in a transaction 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 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 is accessible through this link. Corporate insiders own 0.18% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on KGS shares. Royal Bank of Canada boosted their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Bank of America began coverage on Kodiak Gas Services in a report on Wednesday, September 18th. They set a "buy" rating and a $30.00 price target for the company. Citigroup assumed coverage on shares of Kodiak Gas Services in a research note on Friday, September 27th. They issued a "buy" rating and a $35.00 price objective on the stock. The Goldman Sachs Group upped their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Barclays raised their price target on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Kodiak Gas Services presently has a consensus rating of "Moderate Buy" and an average price target of $37.09.
Check Out Our Latest Stock Analysis on KGS
Kodiak Gas Services Price Performance
Shares of KGS stock traded up $0.35 during mid-day trading on Thursday, reaching $38.94. The company's stock had a trading volume of 1,456,640 shares, compared to its average volume of 567,585. The firm's 50-day moving average is $36.27 and its two-hundred day moving average is $30.59. The company has a market cap of $3.41 billion, a P/E ratio of 134.28 and a beta of 1.14. Kodiak Gas Services, Inc. has a 1-year low of $19.44 and a 1-year high of $44.20. 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 Announces Dividend
The firm 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. This represents a $1.64 annualized dividend and a yield of 4.21%. The ex-dividend date was Friday, November 1st. Kodiak Gas Services's dividend payout ratio (DPR) is presently 565.52%.
About Kodiak Gas Services
(
Free Report)
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.
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