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

Kestra Private Wealth Services LLC raised its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 57.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,634 shares of the company's stock after acquiring an additional 6,818 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Kodiak Gas Services were worth $761,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Kodiak Gas Services by 94.7% in the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company's stock valued at $29,000 after acquiring an additional 342 shares during the last quarter. Mendota Financial Group LLC acquired a new stake in Kodiak Gas Services in the 4th quarter valued at about $122,000. SG Americas Securities LLC acquired a new stake in Kodiak Gas Services during the 3rd quarter worth about $125,000. Quadrature Capital Ltd acquired a new stake in Kodiak Gas Services during the 3rd quarter worth about $242,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in Kodiak Gas Services by 41.7% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 10,904 shares of the company's stock worth $316,000 after buying an additional 3,209 shares during the period. 24.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on KGS shares. Barclays boosted their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Citigroup boosted their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. The Goldman Sachs Group boosted their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Truist Financial upped their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, Royal Bank of Canada increased their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Kodiak Gas Services has an average rating of "Moderate Buy" and a consensus target price of $41.09.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total transaction of $121,350.00. Following the completion of the transaction, the insider now directly owns 31,745 shares in the company, valued at $1,284,085.25. This represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $177,112,157.50. Following the transaction, the insider now 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 ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Kodiak Gas Services Stock Performance

Shares of KGS traded up $0.84 during mid-day trading on Tuesday, hitting $46.14. The company's stock had a trading volume of 156,274 shares, compared to its average volume of 1,040,855. Kodiak Gas Services, Inc. has a one year low of $23.57 and a one year high of $50.43. 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 firm has a market capitalization of $4.04 billion, a PE ratio of 159.09 and a beta of 1.18. The stock's 50-day moving average is $44.06 and its two-hundred day moving average is $35.88.

Kodiak Gas Services Announces Dividend

The company 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 $0.41 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.55%. Kodiak Gas Services's payout ratio is 565.54%.

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.