Kestra Investment Management LLC Purchases New Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Kestra Investment Management LLC purchased a new stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,716 shares of the company's stock, valued at approximately $233,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in shares of Kodiak Gas Services in the third quarter valued at about $2,974,000. Principal Financial Group Inc. acquired a new stake in shares of Kodiak Gas Services in the third quarter valued at about $610,000. Chesapeake Capital Corp IL acquired a new stake in shares of Kodiak Gas Services in the third quarter valued at about $603,000. Tidal Investments LLC acquired a new stake in shares of Kodiak Gas Services in the third quarter valued at about $598,000. Finally, Barclays PLC increased its stake in shares of Kodiak Gas Services by 209.3% in the third quarter. Barclays PLC now owns 42,350 shares of the company's stock valued at $1,228,000 after buying an additional 28,658 shares during the period. Institutional investors and hedge funds own 24.95% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the transaction, the insider now owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.18% of the company's stock.

Kodiak Gas Services Stock Down 3.1 %

NYSE:KGS traded down $1.40 on Friday, hitting $43.67. The stock had a trading volume of 780,169 shares, compared to its average volume of 1,122,377. The business's fifty day moving average is $44.33 and its 200 day moving average is $36.27. The company has a market cap of $3.82 billion, a PE ratio of 150.57 and a beta of 1.18. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. Kodiak Gas Services, Inc. has a 52 week low of $23.57 and a 52 week high of $50.43.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were issued a $0.41 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.64 annualized dividend and a yield of 3.76%. Kodiak Gas Services's payout ratio is currently 565.54%.

Analyst Ratings Changes

Several equities research analysts recently commented on KGS shares. 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. Royal Bank of Canada raised their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Citigroup raised their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Barclays raised their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Finally, Truist Financial raised their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Kodiak Gas Services has an average rating of "Moderate Buy" and a consensus price target of $41.09.

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.