186,822 Kodiak Gas Services, Inc. $KGS Shares Acquired by Copeland Capital Management LLC

Key Points

• Copeland Capital Management increased its Kodiak Gas Services stake by 39.2% in the third quarter, purchasing 186,822 additional shares and bringing its holdings to 662,857 shares valued at approximately $35.1 million.
• Kodiak reported 21.2% year-over-year revenue growth to $391.1 million, but quarterly EPS of $0.55 fell short of the $0.67 analyst consensus. The company also maintains a $0.49 quarterly dividend, representing a 3.8% annualized yield.
• Analysts remain broadly positive, with 11 Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $80.30 versus the reported share price of $52.01.

Copeland Capital Management LLC raised its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 39.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 662,857 shares of the company's stock after purchasing an additional 186,822 shares during the quarter. Copeland Capital Management LLC owned 0.65% of Kodiak Gas Services worth $35,112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Preferred LLC bought a new position in shares of Kodiak Gas Services in the second quarter valued at approximately $1,986,000. Hsbc Holdings PLC purchased a new position in shares of Kodiak Gas Services during the second quarter valued at approximately $2,486,000. Crown Advisors Management Inc. bought a new stake in Kodiak Gas Services during the second quarter worth $4,508,000. Dimensional Fund Advisors LP grew its holdings in Kodiak Gas Services by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company's stock worth $181,108,000 after buying an additional 135,998 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Kodiak Gas Services in the 2nd quarter valued at $882,000. Institutional investors own 24.95% of the company's stock.

Kodiak Gas Services Stock Performance

KGS stock opened at $52.01 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 1.28. The firm has a market cap of $5.27 billion, a PE ratio of 27.63 and a beta of 1.01. The business has a 50 day moving average of $58.33 and a 200-day moving average of $63.63. Kodiak Gas Services, Inc. has a 12-month low of $32.55 and a 12-month high of $77.68.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.12). Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%. The business had revenue of $391.12 million for the quarter, compared to the consensus estimate of $386.30 million. During the same quarter last year, the business posted $0.43 earnings per share. The business's revenue was up 21.2% compared to the same quarter last year. As a group, sell-side analysts expect that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were given a dividend of $0.49 per share. The ex-dividend date was Monday, August 17th. This represents a $1.96 annualized dividend and a yield of 3.8%. Kodiak Gas Services's dividend payout ratio is presently 233.33%.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, insider Pedro R. Buhigas sold 3,663 shares of Kodiak Gas Services stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $58.14, for a total value of $212,966.82. Following the sale, the insider owned 32,413 shares of the company's stock, valued at approximately $1,884,491.82. The trade was a 10.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO William Lenamon sold 1,000 shares of Kodiak Gas Services stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $53.25, for a total transaction of $53,250.00. Following the completion of the sale, the chief operating officer directly owned 84,294 shares in the company, valued at approximately $4,488,655.50. This represents a 1.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 20,336 shares of company stock worth $1,203,897. 0.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KGS. Royal Bank Of Canada raised their price objective on Kodiak Gas Services from $84.00 to $88.00 and gave the company an "outperform" rating in a research note on Thursday, August 13th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Kodiak Gas Services in a report on Wednesday, August 26th. Mizuho set a $72.00 target price on shares of Kodiak Gas Services in a research note on Monday. Citigroup lowered their target price on shares of Kodiak Gas Services from $86.00 to $82.00 and set a "buy" rating for the company in a report on Friday. Finally, Barclays lowered their target price on shares of Kodiak Gas Services from $72.00 to $67.00 and set an "overweight" rating for the company in a report on Monday, October 5th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $80.30.

Kodiak Gas Services Profile

Kodiak Gas Services, Inc NYSE: KGS provides contract natural gas compression services in the United States. The company helps oil and gas producers and midstream operators move natural gas through gathering systems, processing facilities, pipelines and other infrastructure by supplying and operating compression equipment.

Its services include the design, installation, commissioning, operation, maintenance and relocation of natural gas compression systems. Kodiak owns and manages a fleet of compressors that can be deployed for a range of applications, including gathering, processing, storage and transmission.

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