39,052 Shares in Kodiak Gas Services, Inc. (NYSE:KGS) Acquired by Franklin Resources Inc.

Franklin Resources Inc. acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 39,052 shares of the company’s stock, valued at approximately $1,242,000.

A number of other large investors also recently modified their holdings of the company. HWG Holdings LP acquired a new position in shares of Kodiak Gas Services during the second quarter worth $40,000. nVerses Capital LLC raised its stake in 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 buying an additional 1,000 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Kodiak Gas Services during the 3rd quarter worth about $125,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Kodiak Gas Services by 115.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company’s stock valued at $155,000 after acquiring an additional 3,045 shares during the last quarter. Finally, UMB Bank n.a. acquired a new stake in shares of Kodiak Gas Services during the 2nd quarter worth about $174,000. 24.95% of the stock is owned by hedge funds and other institutional investors.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $40.45 on Friday. The stock’s 50-day moving average price is $37.30 and its 200 day moving average price is $31.14. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $3.54 billion, a PE ratio of 139.49 and a beta of 1.14. Kodiak Gas Services, Inc. has a 52-week low of $19.88 and a 52-week high of $44.20.

Kodiak Gas Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend was Friday, November 1st. Kodiak Gas Services’s payout ratio is currently 565.52%.

Insider Transactions at Kodiak Gas Services

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

Wall Street Analyst Weigh In

KGS has been the subject of a number of research analyst reports. Citigroup initiated coverage on Kodiak Gas Services in a report on Friday, September 27th. They issued a “buy” rating and a $35.00 price target for the company. The Goldman Sachs Group upped their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Barclays lifted their price target 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. Bank of America began coverage on shares of Kodiak Gas Services in a research note on Wednesday, September 18th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Mizuho initiated coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 target price on the stock. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.09.

Kodiak Gas Services 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.