Royce & Associates LP purchased a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 130,000 shares of the company's stock, valued at approximately $3,770,000. Royce & Associates LP owned 0.15% of Kodiak Gas Services as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Security National Bank acquired a new stake in shares of Kodiak Gas Services in the second quarter valued at approximately $39,000. HWG Holdings LP acquired a new position in Kodiak Gas Services in the 2nd quarter valued at $40,000. nVerses Capital LLC lifted its position in shares of Kodiak Gas Services by 90.9% during the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock valued at $57,000 after acquiring an additional 1,000 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Kodiak Gas Services during the 3rd quarter worth $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Kodiak Gas Services by 115.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company's stock worth $155,000 after purchasing an additional 3,045 shares during the period. Institutional investors and hedge funds own 24.95% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on KGS. Raymond James increased their price target on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Bank of America initiated coverage on Kodiak Gas Services in a research note on Wednesday, September 18th. They issued a "buy" rating and a $30.00 price target on the stock. Mizuho started coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $36.00 price objective for the company. Stifel Nicolaus lifted their target price on Kodiak Gas Services from $31.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Finally, Truist Financial boosted 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 research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $34.64.
Read Our Latest Report on KGS
Kodiak Gas Services Stock Performance
Shares of KGS traded up $0.87 on Tuesday, reaching $38.47. 725,410 shares of the company's stock traded hands, compared to its average volume of 533,410. The stock's 50 day simple moving average is $31.47 and its two-hundred day simple moving average is $28.67. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. Kodiak Gas Services, Inc. has a 52-week low of $17.50 and a 52-week high of $38.55. The stock has a market cap of $3.37 billion, a PE ratio of 132.66 and a beta of 0.79.
Kodiak Gas Services Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend was Friday, November 1st. Kodiak Gas Services's payout ratio is 565.54%.
Kodiak Gas Services Profile
(
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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