Barclays PLC Raises Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Barclays PLC boosted its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 209.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,350 shares of the company’s stock after acquiring an additional 28,658 shares during the quarter. Barclays PLC’s holdings in Kodiak Gas Services were worth $1,228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new stake in Kodiak Gas Services in the third quarter valued at approximately $610,000. Victory Capital Management Inc. purchased a new stake in shares of Kodiak Gas Services in the 3rd quarter valued at $2,974,000. Chesapeake Capital Corp IL acquired a new position in Kodiak Gas Services during the 3rd quarter worth about $603,000. Geode Capital Management LLC lifted its stake in Kodiak Gas Services by 16.8% during the 3rd quarter. Geode Capital Management LLC now owns 547,815 shares of the company’s stock worth $15,890,000 after acquiring an additional 78,811 shares in the last quarter. Finally, State Street Corp boosted its holdings in Kodiak Gas Services by 8.7% during the 3rd quarter. State Street Corp now owns 678,925 shares of the company’s stock valued at $19,689,000 after acquiring an additional 54,202 shares during the period. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Stock Up 1.7 %

Shares of NYSE:KGS opened at $42.72 on Tuesday. 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 twelve month low of $20.84 and a twelve month high of $44.43. The company has a market capitalization of $3.74 billion, a PE ratio of 147.32 and a beta of 1.15. The firm has a 50 day simple moving average of $39.61 and a 200-day simple moving average of $32.41.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were given a $0.41 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.84%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 565.52%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KGS. Raymond James lifted their price objective on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada upped their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Mizuho initiated coverage on Kodiak Gas Services in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price objective on the stock. The Goldman Sachs Group boosted their target price on 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, Barclays increased their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services has an average rating of “Moderate Buy” and an average price target of $38.18.

Insider Transactions at Kodiak Gas Services

In other news, insider Ewan William Hamilton sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $40.45, for a total transaction of $121,350.00. Following the transaction, the insider now directly owns 31,745 shares in the company, valued at $1,284,085.25. The trade was a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

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.