Thrivent Financial for Lutherans Acquires 9,631 Shares of Kodiak Gas Services, Inc. $KGS

Thrivent Financial for Lutherans grew its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 15.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,163 shares of the company’s stock after acquiring an additional 9,631 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Kodiak Gas Services worth $2,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its stake in Kodiak Gas Services by 28.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,000 shares of the company’s stock worth $711,000 after acquiring an additional 4,200 shares during the last quarter. Advisors Preferred LLC bought a new stake in Kodiak Gas Services in the 4th quarter worth approximately $3,802,000. Amplify Investments LLC increased its stake in Kodiak Gas Services by 21.4% in the 4th quarter. Amplify Investments LLC now owns 3,230 shares of the company’s stock worth $112,000 after acquiring an additional 570 shares during the last quarter. New York State Teachers Retirement System increased its stake in Kodiak Gas Services by 144.2% in the 4th quarter. New York State Teachers Retirement System now owns 31,829 shares of the company’s stock worth $1,190,000 after acquiring an additional 18,793 shares during the last quarter. Finally, Wealth High Governance Capital Ltda bought a new stake in Kodiak Gas Services in the 4th quarter worth approximately $4,565,000. Institutional investors own 24.95% of the company’s stock.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, Director Randall J. Hogan acquired 6,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $54.81 per share, for a total transaction of $328,860.00. Following the acquisition, the director directly owned 28,406 shares in the company, valued at $1,556,932.86. The trade was a 26.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Cory Anne Roclawski sold 21,161 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $56.52, for a total value of $1,196,019.72. Following the transaction, the executive vice president owned 42,257 shares of the company’s stock, valued at approximately $2,388,365.64. The trade was a 33.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 58,673 shares of company stock worth $3,269,110 over the last quarter. 0.64% of the stock is owned by insiders.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock opened at $73.67 on Monday. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 99.56, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28. The stock has a 50 day moving average price of $63.99 and a 200-day moving average price of $49.12. Kodiak Gas Services, Inc. has a one year low of $30.06 and a one year high of $77.68.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The firm had revenue of $345.76 million during the quarter, compared to analysts’ expectations of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. Equities analysts expect that Kodiak Gas Services, Inc. will post 2.35 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 18th will be issued a dividend of $0.49 per share. The ex-dividend date is Monday, May 18th. This represents a $1.96 dividend on an annualized basis and a yield of 2.7%. Kodiak Gas Services’s payout ratio is presently 264.86%.

Analyst Ratings Changes

KGS has been the topic of a number of research reports. The Goldman Sachs Group lifted their price objective on Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Zacks Research raised Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Stifel Nicolaus set a $84.00 price objective on Kodiak Gas Services in a research note on Tuesday, May 12th. Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Citigroup lifted their target price on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.14.

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.