Barclays PLC Has $1.23 Million Stock Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Barclays PLC grew its holdings in Kodiak Gas Services, Inc. (NYSE:KGS) by 209.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,350 shares of the company’s stock after purchasing an additional 28,658 shares during the period. Barclays PLC’s holdings in Kodiak Gas Services were worth $1,228,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new position in Kodiak Gas Services in the third quarter valued at $610,000. Victory Capital Management Inc. bought a new position in shares of Kodiak Gas Services in the 3rd quarter valued at about $2,974,000. Chesapeake Capital Corp IL acquired a new stake in shares of Kodiak Gas Services in the third quarter valued at about $603,000. HWG Holdings LP raised its holdings in Kodiak Gas Services by 5,435.7% during the third quarter. HWG Holdings LP now owns 80,932 shares of the company’s stock worth $2,347,000 after acquiring an additional 79,470 shares in the last quarter. Finally, FMR LLC boosted its position in Kodiak Gas Services by 444.4% during the third quarter. FMR LLC now owns 4,889,804 shares of the company’s stock valued at $141,804,000 after purchasing an additional 3,991,630 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak Gas Services Stock Down 1.1 %

KGS stock opened at $40.45 on Monday. The business’s fifty day moving average price is $37.48 and its two-hundred day moving average price is $31.31. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 139.49 and a beta of 1.14. Kodiak Gas Services, Inc. has a fifty-two week low of $19.88 and a fifty-two week high of $44.20. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93.

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 4.05%. The ex-dividend date of this dividend was Friday, November 1st. Kodiak Gas Services’s dividend payout ratio is currently 565.52%.

Insiders Place Their Bets

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction 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 transaction, the insider now directly owns 31,745 shares of the company’s stock, valued at $1,284,085.25. The trade was a 8.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on KGS. Redburn Atlantic started coverage on Kodiak Gas Services in a research report on Thursday, September 19th. They set a “buy” rating and a $35.00 price target on the stock. Bank of America assumed coverage on shares of Kodiak Gas Services in a report on Wednesday, September 18th. They set a “buy” rating and a $30.00 target price on the stock. Mizuho assumed coverage on shares of Kodiak Gas Services in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price target for the company. Citigroup started coverage on shares of Kodiak Gas Services in a research note on Friday, September 27th. They set a “buy” rating and a $35.00 price objective on the stock. Finally, Raymond James raised their target price on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.09.

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.