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

TSA Wealth Managment LLC grew its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 30.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 84,550 shares of the company’s stock after acquiring an additional 19,974 shares during the period. Kodiak Gas Services comprises about 1.0% of TSA Wealth Managment LLC’s holdings, making the stock its 20th largest holding. TSA Wealth Managment LLC owned about 0.10% of Kodiak Gas Services worth $2,452,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Blackstone Inc. grew its holdings in Kodiak Gas Services by 1,358.3% in the first quarter. Blackstone Inc. now owns 644,231 shares of the company’s stock worth $17,613,000 after purchasing an additional 600,055 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Kodiak Gas Services in the 1st quarter worth approximately $11,544,000. HITE Hedge Asset Management LLC grew its stake in shares of Kodiak Gas Services by 74.8% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 780,600 shares of the company’s stock worth $21,279,000 after buying an additional 334,086 shares during the last quarter. American Century Companies Inc. increased its position in Kodiak Gas Services by 63.2% during the 2nd quarter. American Century Companies Inc. now owns 575,371 shares of the company’s stock valued at $15,685,000 after buying an additional 222,830 shares in the last quarter. Finally, Pier Capital LLC bought a new stake in Kodiak Gas Services in the second quarter worth $4,558,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $36.44 on Friday. The firm has a market capitalization of $3.19 billion, a P/E ratio of 125.66 and a beta of 0.79. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. Kodiak Gas Services, Inc. has a one year low of $17.50 and a one year high of $36.99. The business has a fifty day moving average of $30.97 and a 200 day moving average of $28.49.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.50%. Kodiak Gas Services’s dividend payout ratio is currently 565.54%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KGS. Barclays lifted their price target on Kodiak Gas Services from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Redburn Atlantic initiated coverage on shares of Kodiak Gas Services in a research note on Thursday, September 19th. They issued a “buy” rating and a $35.00 target price on the stock. Raymond James raised their price target on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Royal Bank of Canada upped their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Truist Financial lifted their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.64.

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.