Public Sector Pension Investment Board Makes New Investment in Kodiak Gas Services, Inc. $KGS

Public Sector Pension Investment Board acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 256,730 shares of the company’s stock, valued at approximately $9,491,000. Public Sector Pension Investment Board owned approximately 0.30% of Kodiak Gas Services as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd boosted its stake in shares of Kodiak Gas Services by 4.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 8,180 shares of the company’s stock valued at $280,000 after purchasing an additional 360 shares during the period. Captrust Financial Advisors lifted its holdings in Kodiak Gas Services by 2.7% in the 2nd quarter. Captrust Financial Advisors now owns 16,925 shares of the company’s stock worth $580,000 after buying an additional 448 shares in the last quarter. CWM LLC boosted its position in Kodiak Gas Services by 4.3% in the 2nd quarter. CWM LLC now owns 14,804 shares of the company’s stock valued at $507,000 after buying an additional 608 shares during the last quarter. Amplify Investments LLC grew its stake in shares of Kodiak Gas Services by 35.7% during the third quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock valued at $98,000 after acquiring an additional 700 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Kodiak Gas Services by 1,850.0% during the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after acquiring an additional 703 shares during the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on KGS. Mizuho increased their price target on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Royal Bank Of Canada lifted their price target on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Citigroup increased their price objective on shares of Kodiak Gas Services from $48.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Zacks Research lowered shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold 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 $47.00.

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock opened at $50.32 on Tuesday. 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, Inc. has a 12 month low of $29.25 and a 12 month high of $52.70. The company has a fifty day moving average price of $39.89 and a two-hundred day moving average price of $36.54. The company has a market cap of $4.36 billion, a PE ratio of 62.91 and a beta of 1.31.

Kodiak Gas Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, February 13th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, February 13th. Kodiak Gas Services’s dividend payout ratio is currently 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.