Thrivent Financial for Lutherans Lowers Stock Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Thrivent Financial for Lutherans reduced its stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 28.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,605 shares of the company's stock after selling 12,348 shares during the period. Thrivent Financial for Lutherans' holdings in Kodiak Gas Services were worth $1,250,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KGS. GAMMA Investing LLC grew its position in Kodiak Gas Services by 94.7% in the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company's stock valued at $29,000 after purchasing an additional 342 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Kodiak Gas Services by 3.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company's stock valued at $371,000 after buying an additional 405 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Kodiak Gas Services by 1.6% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company's stock valued at $1,323,000 after buying an additional 500 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Kodiak Gas Services by 112.6% during the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company's stock valued at $45,000 after buying an additional 588 shares during the last quarter. Finally, Transcendent Capital Group LLC bought a new stake in shares of Kodiak Gas Services during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 24.95% of the company's stock.

Kodiak Gas Services Stock Performance

KGS traded down $3.44 during midday trading on Friday, reaching $31.30. The company had a trading volume of 1,950,011 shares, compared to its average volume of 749,727. Kodiak Gas Services, Inc. has a 12-month low of $24.84 and a 12-month high of $50.43. The business has a 50-day moving average price of $41.27 and a two-hundred day moving average price of $38.68. The stock has a market cap of $2.78 billion, a PE ratio of 107.92 and a beta of 1.52. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share 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 net margin of 2.23% and a return on equity of 7.91%. On average, sell-side analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services's dividend payout ratio is currently 277.97%.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the sale, the insider now owns 34,771,323 shares of the company's stock, valued at $1,651,637,842.50. The trade was a 9.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barclays dropped their price target on shares of Kodiak Gas Services from $44.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. Raymond James reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Mizuho increased their price target on Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Truist Financial lifted their price objective 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 target price on shares of Kodiak Gas Services and gave the company an "outperform" rating in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $41.91.

Kodiak Gas Services 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.