TSA Wealth Managment LLC Has $2.71 Million Stake in Kodiak Gas Services, Inc. (NYSE:KGS)

TSA Wealth Managment LLC decreased its stake in Kodiak Gas Services, Inc. (NYSE:KGS) by 9.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,625 shares of the company’s stock after selling 8,000 shares during the quarter. Kodiak Gas Services accounts for about 1.1% of TSA Wealth Managment LLC’s portfolio, making the stock its 21st largest position. TSA Wealth Managment LLC’s holdings in Kodiak Gas Services were worth $2,709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in KGS. Comerica Bank lifted its stake in Kodiak Gas Services by 710.1% in the fourth quarter. Comerica Bank now owns 721 shares of the company’s stock valued at $29,000 after buying an additional 632 shares during the period. Sterling Capital Management LLC raised its position in shares of Kodiak Gas Services by 1,322.6% during the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company’s stock worth $31,000 after purchasing an additional 701 shares during the period. Amalgamated Bank raised its position in shares of Kodiak Gas Services by 112.6% during the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock worth $45,000 after purchasing an additional 588 shares during the period. State of Wyoming acquired a new stake in shares of Kodiak Gas Services during the fourth quarter worth about $57,000. Finally, Summit Investment Advisors Inc. raised its position in shares of Kodiak Gas Services by 72.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,406 shares of the company’s stock worth $139,000 after purchasing an additional 1,431 shares during the period. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Stock Down 2.2%

KGS stock opened at $33.93 on Thursday. 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 business has a 50 day moving average price of $34.88 and a two-hundred day moving average price of $38.86. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 64.01 and a beta of 1.48. Kodiak Gas Services, Inc. has a twelve month low of $24.84 and a twelve month high of $50.43.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $329.64 million during the quarter, compared to the consensus estimate of $328.45 million. Kodiak Gas Services had a return on equity of 8.49% and a net margin of 3.93%. The business’s revenue was up 52.9% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. Analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.31%. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, May 5th. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 339.62%.

Analyst Upgrades and Downgrades

KGS has been the topic of a number of research analyst reports. Barclays dropped their price target on Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Royal Bank Of Canada set a $45.00 price target on Kodiak Gas Services and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Truist Financial increased their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Mizuho decreased their price objective on Kodiak Gas Services from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Tuesday, May 20th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Kodiak Gas Services in a report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.64.

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.