TSA Wealth Managment LLC Decreases Stake in Kodiak Gas Services, Inc. (NYSE:KGS)

TSA Wealth Managment LLC cut its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 9.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,625 shares of the company's stock after selling 8,000 shares during the period. Kodiak Gas Services accounts for 1.1% of TSA Wealth Managment LLC's investment portfolio, making the stock its 21st largest holding. TSA Wealth Managment LLC owned approximately 0.08% of Kodiak Gas Services worth $2,709,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Rhumbline Advisers increased its holdings in shares of Kodiak Gas Services by 53.2% in the 4th quarter. Rhumbline Advisers now owns 44,042 shares of the company's stock valued at $1,798,000 after acquiring an additional 15,285 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Kodiak Gas Services by 14.2% in the fourth quarter. Principal Financial Group Inc. now owns 24,013 shares of the company's stock valued at $980,000 after purchasing an additional 2,993 shares in the last quarter. Amalgamated Bank increased its stake in Kodiak Gas Services by 112.6% in the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company's stock valued at $45,000 after purchasing an additional 588 shares during the last quarter. Bailard Inc. acquired a new stake in Kodiak Gas Services during the fourth quarter worth approximately $363,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Kodiak Gas Services by 56.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,679 shares of the company's stock worth $12,644,000 after buying an additional 111,269 shares during the last quarter. 24.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on KGS shares. Mizuho dropped their target price on shares of Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 20th. Raymond James Financial reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Truist Financial lifted their target price on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Royal Bank Of Canada set a $45.00 target price on Kodiak Gas Services and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. restated a "buy" rating and set a $43.00 price target (up previously from $42.00) on shares of Kodiak Gas Services in a research note on Monday. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $40.64.

Kodiak Gas Services Stock Performance

KGS traded up $0.50 on Thursday, hitting $34.37. 1,104,251 shares of the company traded hands, compared to its average volume of 894,257. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 1.91. The company has a 50 day moving average of $34.88 and a 200-day moving average of $38.86. Kodiak Gas Services, Inc. has a 12-month low of $24.84 and a 12-month high of $50.43. The stock has a market capitalization of $3.05 billion, a PE ratio of 64.84 and a beta of 1.48.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. Kodiak Gas Services had a net margin of 3.93% and a return on equity of 8.49%. The company had revenue of $329.64 million during the quarter, compared to the consensus estimate of $328.45 million. During the same quarter in the prior year, the firm earned $0.39 EPS. Kodiak Gas Services's quarterly revenue was up 52.9% on a year-over-year basis. Sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a dividend of $0.45 per share. This is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 5.24%. The ex-dividend date of this dividend was Monday, May 5th. Kodiak Gas Services's dividend payout ratio is currently 339.62%.

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.