Kodiak Gas Services, Inc. (NYSE:KGS) Shares Bought by State Street Corp

State Street Corp grew its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 8.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 678,925 shares of the company’s stock after purchasing an additional 54,202 shares during the quarter. State Street Corp owned approximately 0.78% of Kodiak Gas Services worth $19,689,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. HWG Holdings LP purchased a new stake in Kodiak Gas Services during the 2nd quarter worth about $40,000. nVerses Capital LLC lifted its stake in Kodiak Gas Services by 90.9% during the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after purchasing an additional 1,000 shares during the last quarter. SG Americas Securities LLC acquired a new position in Kodiak Gas Services in the third quarter valued at approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Kodiak Gas Services by 115.1% in the second 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. Finally, UMB Bank n.a. acquired a new stake in Kodiak Gas Services during the second quarter worth approximately $174,000. 24.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on KGS. Citigroup began coverage on shares of Kodiak Gas Services in a report on Friday, September 27th. They issued a “buy” rating and a $35.00 target price for the company. Bank of America initiated coverage on Kodiak Gas Services in a report on Wednesday, September 18th. They set a “buy” rating and a $30.00 price objective on the stock. Redburn Atlantic started coverage on Kodiak Gas Services in a report on Thursday, September 19th. They issued a “buy” rating and a $35.00 target price for the company. Raymond James lifted their price target on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Barclays increased their price objective on Kodiak Gas Services from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.09.

Kodiak Gas Services Stock Up 0.7 %

KGS stock opened at $40.06 on Tuesday. The stock has a market capitalization of $3.51 billion, a PE ratio of 138.14 and a beta of 1.13. The company has a fifty day moving average of $36.72 and a 200-day moving average of $30.90. 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, Inc. has a one year low of $19.78 and a one year high of $44.20.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend was Friday, November 1st. Kodiak Gas Services’s dividend payout ratio is presently 565.52%.

Insiders Place Their Bets

In other news, insider Ewan William Hamilton sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the sale, the insider now directly owns 31,745 shares of the company’s stock, valued at $1,284,085.25. This trade represents a 8.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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.