Kadant Inc. (KAI) Can’t Burn Your Long Portfolio. Has Another Strong Session

Kadant Inc. (NYSE:KAI) Logo

Investors sentiment decreased to 0.73 in 2019 Q2. Its down 0.62, from 1.35 in 2019Q1. It dived, as 26 investors sold Kadant Inc. shares while 48 reduced holdings. 22 funds opened positions while 32 raised stakes. 9.57 million shares or 3.05% more from 9.29 million shares in 2019Q1 were reported.
Voya Ltd Com reported 0% in Kadant Inc. (NYSE:KAI). Blackrock has 942,044 shares. Georgia-based Invesco Limited has invested 0% in Kadant Inc. (NYSE:KAI). Blair William And Il accumulated 0% or 2,519 shares. Us Fincl Bank De accumulated 1,187 shares. Oakworth Capital Incorporated, Alabama-based fund reported 11 shares. New York State Common Retirement Fund accumulated 20,661 shares. Meeder Asset stated it has 113 shares or 0% of all its holdings. Virginia Retirement System Et Al holds 11,000 shares or 0.01% of its portfolio. Pathstone Family Office Llc holds 0% of its portfolio in Kadant Inc. (NYSE:KAI) for 1 shares. State Street reported 232,483 shares. Clarivest Asset Mngmt Ltd Liability accumulated 93 shares. Moreover, Rmb Cap Mgmt Ltd Liability Corp has 0.09% invested in Kadant Inc. (NYSE:KAI) for 40,464 shares. Gsa Capital Partners Ltd Liability Partnership has invested 0.06% in Kadant Inc. (NYSE:KAI). Geode Cap Mngmt Lc owns 136,604 shares or 0% of their US portfolio.

The stock of Kadant Inc. (NYSE:KAI) is a huge mover today! The stock increased 4.07% or $3.57 during the last trading session, reaching $91.23. About 66,938 shares traded. Kadant Inc. (NYSE:KAI) has declined 2.29% since September 13, 2018 and is downtrending. It has underperformed by 2.29% the S&P500.
The move comes after 5 months positive chart setup for the $1.05B company. It was reported on Sep, 13 by Barchart.com. We have $98.53 PT which if reached, will make NYSE:KAI worth $84.08 million more.

Analysts await Kadant Inc. (NYSE:KAI) to report earnings on November, 4. They expect $1.27 earnings per share, down 16.99 % or $0.26 from last year’s $1.53 per share. KAI’s profit will be $14.63M for 17.96 P/E if the $1.27 EPS becomes a reality.

More notable recent Kadant Inc. (NYSE:KAI) news were published by: Globenewswire.com which released: “Kadant Authorizes Share Repurchase NYSE:KAI – GlobeNewswire” on May 15, 2019, also Globenewswire.com with their article: “Kadant Reports 2019 First Quarter Results NYSE:KAI – GlobeNewswire” published on April 29, 2019, Globenewswire.com published: “Kadant Increases Borrowing Capacity NYSE:KAI – GlobeNewswire” on December 19, 2018. More interesting news about Kadant Inc. (NYSE:KAI) were released by: Globenewswire.com and their article: “Kadant Announces CEO Succession Plan NYSE:KAI – GlobeNewswire” published on February 13, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is Kadant Inc. (NYSE:KAI) A Smart Choice For Dividend Investors? – Yahoo Finance” with publication date: August 06, 2019.

Kadant Inc. supplies equipment and components used in papermaking, paper recycling, recycling and waste management, and other process industries worldwide. The company has market cap of $1.05 billion. The firm operates in two divisions, Papermaking Systems and Wood Processing Systems. It has a 16.18 P/E ratio. The Papermaking Systems segment develops, makes, and markets custom-engineered stock-preparation systems and equipment for the preparation of wastepaper for conversion into recycled paper and balers, and related equipment used in the processing of recyclable and waste materials; and fluid-handling systems used primarily in the dryer section of the papermaking process and during the production of corrugated boxboard, metals, plastics, rubber, textiles, chemicals, and food.

Kadant Inc. (NYSE:KAI) Institutional Positions Chart

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