Principal Financial Group Inc. Has $14.75 Million Holdings in Kodiak Gas Services, Inc. $KGS

Principal Financial Group Inc. lifted its stake in Kodiak Gas Services, Inc. (NYSE:KGS) by 492.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 399,041 shares of the company’s stock after acquiring an additional 331,732 shares during the period. Principal Financial Group Inc. owned approximately 0.46% of Kodiak Gas Services worth $14,753,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in Kodiak Gas Services by 67.5% in the 1st quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock valued at $382,000 after purchasing an additional 4,126 shares during the period. AQR Capital Management LLC lifted its stake in shares of Kodiak Gas Services by 64.9% in the first quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock valued at $793,000 after buying an additional 8,369 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kodiak Gas Services by 44.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock worth $1,000,000 after buying an additional 8,297 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Kodiak Gas Services by 58.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock valued at $73,979,000 after acquiring an additional 730,180 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Kodiak Gas Services by 102.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock valued at $3,548,000 after acquiring an additional 48,122 shares during the period. Institutional investors own 24.95% of the company’s stock.

Analyst Ratings Changes

KGS has been the subject of a number of research reports. Royal Bank Of Canada raised their price objective on Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Citigroup raised their target price on Kodiak Gas Services from $48.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. William Blair initiated coverage on shares of Kodiak Gas Services in a research note on Tuesday, November 18th. They issued an “outperform” rating for the company. Finally, Barclays raised their price objective on shares of Kodiak Gas Services from $42.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Kodiak Gas Services Stock Performance

Shares of NYSE:KGS opened at $51.12 on Tuesday. The business’s fifty day moving average price is $38.39 and its two-hundred day moving average price is $35.87. Kodiak Gas Services, Inc. has a fifty-two week low of $29.25 and a fifty-two week high of $51.59. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 63.90 and a beta of 1.31. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.98 and a quick ratio of 0.69.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, February 13th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.8%. Kodiak Gas Services’s dividend payout ratio is presently 245.00%.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.