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

TSA Wealth Managment LLC reduced its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,625 shares of the company’s stock after selling 3,925 shares during the quarter. Kodiak Gas Services accounts for approximately 1.3% of TSA Wealth Managment LLC’s investment portfolio, making the stock its 18th biggest holding. TSA Wealth Managment LLC owned approximately 0.09% of Kodiak Gas Services worth $3,292,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KGS. GAMMA Investing LLC raised its position in Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after acquiring an additional 342 shares in the last quarter. Amalgamated Bank raised its position in 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 acquiring an additional 588 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in Kodiak Gas Services during the fourth quarter worth $49,000. Mendota Financial Group LLC bought a new stake in Kodiak Gas Services during the fourth quarter worth $122,000. Finally, Kestra Investment Management LLC bought a new stake in Kodiak Gas Services during the fourth quarter worth $233,000. 24.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, November 29th. Barclays increased their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Citigroup increased their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Truist Financial increased their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, The Goldman Sachs Group increased their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.09.

Kodiak Gas Services Trading Down 5.0 %

KGS stock opened at $40.87 on Tuesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The company’s 50-day simple moving average is $44.59 and its 200 day simple moving average is $36.92. Kodiak Gas Services, Inc. has a 52 week low of $23.57 and a 52 week high of $50.43. The company has a market capitalization of $3.58 billion, a PE ratio of 140.94 and a beta of 1.18.

Kodiak Gas Services Announces Dividend

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

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the stock in a transaction dated 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 sale, the insider now directly owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.