Thrivent Financial for Lutherans Sells 12,348 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Thrivent Financial for Lutherans cut its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 28.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,605 shares of the company’s stock after selling 12,348 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Kodiak Gas Services were worth $1,250,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Royce & Associates LP raised its stake in Kodiak Gas Services by 162.0% in the 4th quarter. Royce & Associates LP now owns 340,550 shares of the company’s stock valued at $13,905,000 after acquiring an additional 210,550 shares during the period. Aurora Investment Counsel bought a new stake in shares of Kodiak Gas Services in the fourth quarter valued at approximately $2,810,000. Swiss National Bank raised its position in shares of Kodiak Gas Services by 16.4% in the fourth quarter. Swiss National Bank now owns 57,500 shares of the company’s stock valued at $2,348,000 after purchasing an additional 8,100 shares during the period. Burkehill Global Management LP purchased a new stake in shares of Kodiak Gas Services during the 4th quarter valued at approximately $12,249,000. Finally, Great Lakes Advisors LLC boosted its holdings in Kodiak Gas Services by 29.6% in the 4th quarter. Great Lakes Advisors LLC now owns 9,017 shares of the company’s stock worth $368,000 after buying an additional 2,059 shares during the period. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Analysts Set New Price Targets

KGS has been the topic of several recent research reports. Raymond James restated an “outperform” rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Citigroup increased their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Mizuho lifted their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Truist Financial increased their price target on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Finally, Royal Bank of Canada set a $45.00 price objective on shares of Kodiak Gas Services and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kodiak Gas Services presently has an average rating of “Moderate Buy” and an average price target of $41.91.

Insiders Place Their Bets

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the transaction, the insider now directly owns 34,771,323 shares of the company’s stock, valued at approximately $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

Kodiak Gas Services Stock Performance

NYSE KGS opened at $37.25 on Tuesday. Kodiak Gas Services, Inc. has a 52-week low of $24.84 and a 52-week high of $50.43. The company has a fifty day moving average of $42.35 and a 200-day moving average of $38.52. The company has a market capitalization of $3.30 billion, a P/E ratio of 128.46 and a beta of 1.30. 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 (NYSE:KGS) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.15). The firm had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. As a group, equities research analysts predict that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services’s payout ratio is currently 277.97%.

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.