New York State Common Retirement Fund Has $3.14 Million Position in Kodiak Gas Services, Inc. $KGS

New York State Common Retirement Fund grew its holdings in Kodiak Gas Services, Inc. (NYSE:KGS) by 395.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 84,838 shares of the company’s stock after buying an additional 67,704 shares during the quarter. New York State Common Retirement Fund’s holdings in Kodiak Gas Services were worth $3,136,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in KGS. Invesco Ltd. grew its holdings in Kodiak Gas Services by 59.9% during the 2nd quarter. Invesco Ltd. now owns 4,869,346 shares of the company’s stock worth $166,872,000 after acquiring an additional 1,824,407 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of Kodiak Gas Services during the third quarter worth approximately $28,385,000. Goldman Sachs Group Inc. grew its stake in shares of 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 purchasing an additional 730,180 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Kodiak Gas Services by 2,201.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 617,151 shares of the company’s stock valued at $21,150,000 after purchasing an additional 590,337 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Kodiak Gas Services in the second quarter valued at approximately $13,437,000. 24.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on KGS shares. Barclays upped their price objective on Kodiak Gas Services from $42.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup upped their price target on Kodiak Gas Services from $48.00 to $53.00 and gave the company a “buy” rating in a research note on Friday. Wall Street Zen cut Kodiak Gas Services from a “hold” rating to a “sell” rating in a report on Saturday. Mizuho boosted their price objective on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Finally, William Blair initiated coverage on shares of Kodiak Gas Services in a research report on Tuesday, November 18th. They set an “outperform” rating on the stock. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Kodiak Gas Services has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Kodiak Gas Services Stock Up 5.5%

Shares of Kodiak Gas Services stock opened at $49.93 on Friday. The business has a fifty day simple moving average of $38.07 and a 200 day simple moving average of $35.71. The stock has a market cap of $4.33 billion, a PE ratio of 62.41 and a beta of 1.31. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 2.08. Kodiak Gas Services, Inc. has a 12 month low of $29.25 and a 12 month high of $50.34.

Kodiak Gas Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, February 13th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.9%. Kodiak Gas Services’s dividend payout ratio is 245.00%.

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