Thrivent Financial for Lutherans Raises Holdings in Kodiak Gas Services, Inc. $KGS

Thrivent Financial for Lutherans grew its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 15.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 73,163 shares of the company’s stock after purchasing an additional 9,631 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Kodiak Gas Services were worth $2,736,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. United Advisor Group LLC lifted its holdings in shares of Kodiak Gas Services by 2.0% in the 4th quarter. United Advisor Group LLC now owns 15,817 shares of the company’s stock worth $592,000 after buying an additional 304 shares during the period. Comerica Bank lifted its holdings in shares of Kodiak Gas Services by 1.8% in the 4th quarter. Comerica Bank now owns 20,499 shares of the company’s stock worth $767,000 after buying an additional 357 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Kodiak Gas Services by 52.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after buying an additional 364 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Kodiak Gas Services by 2.7% in the 2nd quarter. Captrust Financial Advisors now owns 16,925 shares of the company’s stock worth $580,000 after buying an additional 448 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 556 shares during the period. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, Director Randall J. Hogan bought 6,000 shares of Kodiak Gas Services stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of $54.81 per share, with a total value of $328,860.00. Following the transaction, the director directly owned 28,406 shares of the company’s stock, valued at approximately $1,556,932.86. This represents a 26.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cory Anne Roclawski sold 21,161 shares of the company’s stock in a transaction dated 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 directly owned 42,257 shares in the company, valued at $2,388,365.64. This represents a 33.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 58,673 shares of company stock worth $3,269,110 over the last ninety days. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

KGS has been the subject of several research reports. Zacks Research upgraded Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Barclays boosted their price target on Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup boosted their price target on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada boosted their price target on Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, May 18th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $72.14.

Kodiak Gas Services Trading Down 0.1%

KGS opened at $73.67 on Monday. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 99.56, a PEG ratio of 1.03 and a beta of 1.01. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38. Kodiak Gas Services, Inc. has a 12 month low of $30.06 and a 12 month high of $77.68. The stock has a fifty day moving average price of $63.99 and a 200-day moving average price of $49.12.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. The firm had revenue of $345.76 million during the quarter, compared to analyst estimates of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. As a group, equities research analysts anticipate that Kodiak Gas Services, Inc. will post 2.35 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

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

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.