TSA Wealth Managment LLC Sells 3,925 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

TSA Wealth Managment LLC lowered its stake in Kodiak Gas Services, Inc. (NYSE:KGS) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,625 shares of the company’s stock after selling 3,925 shares during the quarter. Kodiak Gas Services makes up approximately 1.3% of TSA Wealth Managment LLC’s investment portfolio, making the stock its 18th largest position. TSA Wealth Managment LLC’s holdings in Kodiak Gas Services were worth $3,292,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in KGS. GAMMA Investing LLC raised its holdings in Kodiak Gas Services by 94.7% in the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after buying an additional 342 shares during the last quarter. Amalgamated Bank raised its holdings in Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock valued at $45,000 after buying an additional 588 shares during the last quarter. Transcendent Capital Group LLC bought a new position in Kodiak Gas Services in the 4th quarter valued at approximately $49,000. Mendota Financial Group LLC bought a new position in Kodiak Gas Services in the 4th quarter valued at approximately $122,000. Finally, Kestra Investment Management LLC bought a new position in Kodiak Gas Services in the 4th quarter valued at approximately $233,000. Institutional investors own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KGS shares. Royal Bank of Canada raised their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Mizuho raised their price objective on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. The Goldman Sachs Group raised their price objective 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. JPMorgan Chase & Co. raised their price target on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, November 29th. Finally, Citigroup raised their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Two investment 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, Kodiak Gas Services has a consensus rating of “Moderate Buy” and an average target price of $41.09.

Insider Transactions at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the sale, the insider now owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $40.87 on Tuesday. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 140.94 and a beta of 1.18. Kodiak Gas Services, Inc. has a 52 week low of $23.57 and a 52 week high of $50.43. 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 firm has a 50 day moving average of $44.59 and a 200-day moving average of $36.92.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services’s dividend payout ratio (DPR) is 565.52%.

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.