TSA Wealth Managment LLC Sells 12,447 Shares of Kodiak Gas Services, Inc. $KGS

TSA Wealth Managment LLC lowered its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 18.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,678 shares of the company’s stock after selling 12,447 shares during the quarter. TSA Wealth Managment LLC’s holdings in Kodiak Gas Services were worth $2,082,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Invesco Ltd. lifted its position in shares of Kodiak Gas Services by 29.5% in the 3rd quarter. Invesco Ltd. now owns 6,305,789 shares of the company’s stock worth $233,125,000 after acquiring an additional 1,436,443 shares during the period. Vanguard Group Inc. lifted its position in shares of Kodiak Gas Services by 41.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,611,188 shares of the company’s stock worth $170,476,000 after acquiring an additional 1,348,357 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Kodiak Gas Services by 19.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,593,033 shares of the company’s stock worth $95,868,000 after acquiring an additional 418,227 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Kodiak Gas Services by 58.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock valued at $73,979,000 after buying an additional 730,180 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Kodiak Gas Services by 14.1% in the 3rd quarter. American Century Companies Inc. now owns 1,851,322 shares of the company’s stock valued at $68,443,000 after buying an additional 229,220 shares in the last quarter. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Price Performance

Kodiak Gas Services stock opened at $60.43 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57. The company has a market capitalization of $5.19 billion, a PE ratio of 69.46 and a beta of 0.96. Kodiak Gas Services, Inc. has a one year low of $30.06 and a one year high of $61.48. The business has a 50 day simple moving average of $53.99 and a 200 day simple moving average of $42.26.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The firm had revenue of $332.87 million for the quarter, compared to analyst estimates of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 EPS. On average, sell-side analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were given a dividend of $0.49 per share. The ex-dividend date was Friday, February 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.2%. Kodiak Gas Services’s dividend payout ratio (DPR) is 225.29%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KGS shares. Mizuho increased their price objective on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Barclays increased their price objective on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Royal Bank Of Canada increased their price objective on shares of Kodiak Gas Services from $45.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. Finally, The Goldman Sachs Group raised their target price on Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $54.57.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, Director Randall J. Hogan purchased 6,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $54.81 per share, with a total value of $328,860.00. Following the acquisition, the director directly owned 28,406 shares of the company’s stock, valued at approximately $1,556,932.86. This trade represents a 26.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CAO Ewan William Hamilton sold 5,797 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total value of $325,675.46. Following the sale, the chief accounting officer directly owned 34,346 shares of the company’s stock, valued at $1,929,558.28. This represents a 14.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have acquired 11,433 shares of company stock worth $624,360 and have sold 58,673 shares worth $3,269,110. Company insiders own 0.64% of the company’s stock.

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.