32,749 Shares in Kodiak Gas Services, Inc. (NYSE:KGS) Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 32,749 shares of the company’s stock, valued at approximately $950,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HWG Holdings LP purchased a new position in Kodiak Gas Services in the 2nd quarter valued at about $40,000. nVerses Capital LLC lifted its position in shares of Kodiak Gas Services by 90.9% in the second 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 in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Kodiak Gas Services in the third quarter worth approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Kodiak Gas Services by 115.1% during 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 in the last quarter. Finally, UMB Bank n.a. purchased a new stake in shares of 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.

Insider Buying and Selling at Kodiak Gas Services

In other news, insider Ewan William Hamilton sold 3,000 shares of the firm’s 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 completion of the transaction, the insider now directly owns 31,745 shares in the company, valued at $1,284,085.25. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Kodiak Gas Services Stock Performance

NYSE KGS opened at $38.59 on Thursday. The stock has a market cap of $3.38 billion, a PE ratio of 133.07 and a beta of 1.14. Kodiak Gas Services, Inc. has a twelve month low of $19.17 and a twelve month high of $44.20. The stock has a fifty day simple moving average of $36.14 and a 200-day simple moving average of $30.53. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date was Friday, November 1st. Kodiak Gas Services’s dividend payout ratio is presently 565.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KGS shares. Barclays lifted their target price on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Redburn Atlantic began coverage on shares of Kodiak Gas Services in a research note on Thursday, September 19th. They issued a “buy” rating and a $35.00 price target on the stock. Bank of America began coverage on shares of Kodiak Gas Services in a research note on Wednesday, September 18th. They set a “buy” rating and a $30.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, November 29th. Finally, Truist Financial increased their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.09.

About Kodiak Gas Services

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.