Principal Financial Group Inc. Makes New $610,000 Investment in Kodiak Gas Services, Inc. (NYSE:KGS)

Principal Financial Group Inc. bought a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,020 shares of the company's stock, valued at approximately $610,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. HWG Holdings LP purchased a new position in shares of Kodiak Gas Services in the second quarter valued at about $40,000. SG Americas Securities LLC bought a new position in Kodiak Gas Services during the 3rd quarter valued at approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Kodiak Gas Services by 115.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company's stock valued at $155,000 after purchasing an additional 3,045 shares during the last quarter. Wellington Shields & Co. LLC lifted its holdings in Kodiak Gas Services by 16.7% in the 2nd quarter. Wellington Shields & Co. LLC now owns 7,000 shares of the company's stock worth $191,000 after buying an additional 1,000 shares during the period. Finally, Arizona State Retirement System bought a new stake in shares of Kodiak Gas Services in the 2nd quarter worth approximately $205,000. 24.95% of the stock is currently owned by institutional investors.

Kodiak Gas Services Stock Down 0.2 %

NYSE:KGS traded down $0.07 during trading hours on Monday, reaching $43.59. 849,265 shares of the company traded hands, compared to its average volume of 934,288. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The business's 50-day moving average price is $38.79 and its two-hundred day moving average price is $31.98. Kodiak Gas Services, Inc. has a 1 year low of $20.45 and a 1 year high of $44.43. The stock has a market capitalization of $3.82 billion, a P/E ratio of 150.32 and a beta of 1.15.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date was Friday, November 1st. Kodiak Gas Services's payout ratio is 565.52%.

Analyst Ratings Changes

A number of equities analysts recently commented on KGS shares. Royal Bank of Canada upped their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Bank of America began coverage on shares of Kodiak Gas Services in a report on Wednesday, September 18th. They issued a "buy" rating and a $30.00 price objective for the company. Redburn Atlantic began coverage on shares of Kodiak Gas Services in a research note on Thursday, September 19th. They set a "buy" rating and a $35.00 target price on the stock. The Goldman Sachs Group increased their price target on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Finally, Raymond James lifted their price objective on Kodiak Gas Services from $35.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $37.09.

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 sale, the insider now directly owns 31,745 shares in the company, valued at approximately $1,284,085.25. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

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.