Kodiak Gas Services, Inc. $KGS Shares Sold by TSA Wealth Managment LLC

TSA Wealth Managment LLC cut its holdings in Kodiak Gas Services, Inc. (NYSE:KGS) by 83.2% in the first quarter, Holdings Channel reports. The institutional investor owned 9,377 shares of the company’s stock after selling 46,301 shares during the quarter. TSA Wealth Managment LLC’s holdings in Kodiak Gas Services were worth $547,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KGS. Nisa Investment Advisors LLC lifted its position in shares of Kodiak Gas Services by 52.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after buying an additional 364 shares in the last quarter. State of Wyoming grew its stake in Kodiak Gas Services by 201.7% in the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after acquiring an additional 815 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Kodiak Gas Services by 1,501.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after acquiring an additional 1,156 shares in the last quarter. GAMMA Investing LLC increased its holdings in Kodiak Gas Services by 80.3% in the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after acquiring an additional 556 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Kodiak Gas Services by 80.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after acquiring an additional 646 shares during the period. 24.95% of the stock is owned by institutional investors and hedge funds.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock traded up $0.52 on Friday, hitting $67.69. 1,219,505 shares of the company were exchanged, compared to its average volume of 1,990,888. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 91.48, a price-to-earnings-growth ratio of 0.96 and a beta of 0.89. The company has a 50-day moving average price of $70.41 and a 200 day moving average price of $57.39. Kodiak Gas Services, Inc. has a 1-year low of $30.06 and a 1-year high of $77.68. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.54 by $0.05. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The firm had revenue of $345.76 million during the quarter, compared to analysts’ expectations of $340.23 million. During the same quarter last year, the firm earned $0.33 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, sell-side analysts predict that Kodiak Gas Services, Inc. will post 2.3 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio is presently 264.86%.

Insider Buying and Selling

In other Kodiak Gas Services news, EVP Cory Anne Roclawski sold 4,169 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $68.36, for a total value of $284,992.84. Following the completion of the sale, the executive vice president directly owned 24,662 shares of the company’s stock, valued at $1,685,894.32. This trade represents a 14.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Ewan William Hamilton sold 2,729 shares of Kodiak Gas Services stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $68.62, for a total value of $187,263.98. Following the transaction, the chief accounting officer owned 31,617 shares in the company, valued at approximately $2,169,558.54. This represents a 7.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,523 shares of company stock valued at $853,529 over the last 90 days. Insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KGS shares. Jefferies Financial Group started coverage on shares of Kodiak Gas Services in a report on Thursday, June 4th. They set a “buy” rating and a $79.00 price objective on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. Citigroup upped their price target on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Stifel Nicolaus set a $84.00 price target on Kodiak Gas Services in a research report on Tuesday, May 12th. Finally, Zacks Research raised Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Kodiak Gas Services has an average rating of “Moderate Buy” and a consensus price target of $78.75.

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.