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

TSA Wealth Managment LLC lifted its stake in Kodiak Gas Services, Inc. (NYSE:KGS) by 30.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 84,550 shares of the company’s stock after acquiring an additional 19,974 shares during the period. Kodiak Gas Services makes up 1.0% of TSA Wealth Managment LLC’s portfolio, making the stock its 20th largest holding. TSA Wealth Managment LLC’s holdings in Kodiak Gas Services were worth $2,452,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Blackstone Inc. grew its holdings in Kodiak Gas Services by 1,358.3% during the first quarter. Blackstone Inc. now owns 644,231 shares of the company’s stock valued at $17,613,000 after purchasing an additional 600,055 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Kodiak Gas Services during the 1st quarter valued at about $11,544,000. HITE Hedge Asset Management LLC grew its stake in shares of Kodiak Gas Services by 74.8% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 780,600 shares of the company’s stock valued at $21,279,000 after acquiring an additional 334,086 shares during the period. American Century Companies Inc. grew its stake in shares of 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 acquiring an additional 222,830 shares during the period. Finally, Pier Capital LLC bought a new stake in Kodiak Gas Services during the 2nd quarter worth approximately $4,558,000. 24.95% of the stock is owned by institutional investors.

Kodiak Gas Services Trading Up 1.8 %

Shares of NYSE KGS opened at $36.44 on Friday. The business’s 50 day moving average price is $30.97 and its 200-day moving average price is $28.49. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 125.66 and a beta of 0.79. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. Kodiak Gas Services, Inc. has a fifty-two week low of $17.50 and a fifty-two week high of $36.99.

Kodiak Gas Services Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have weighed in on KGS. Raymond James upped their price target on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Bank of America assumed coverage on shares of Kodiak Gas Services in a report on Wednesday, September 18th. They issued a “buy” rating and a $30.00 target price for the company. Redburn Atlantic initiated coverage on Kodiak Gas Services in a research report on Thursday, September 19th. They issued a “buy” rating and a $35.00 target price on the stock. Truist Financial lifted their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada raised their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.64.

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.