Versor Investments LP Purchases New Stake in Kadant Inc. (NYSE:KAI)

Versor Investments LP acquired a new position in shares of Kadant Inc. (NYSE:KAI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 900 shares of the industrial products company’s stock, valued at approximately $310,000.

Several other institutional investors and hedge funds also recently bought and sold shares of KAI. Ashton Thomas Securities LLC acquired a new stake in shares of Kadant during the third quarter worth approximately $25,000. Hilltop National Bank acquired a new stake in shares of Kadant during the 4th quarter valued at $26,000. Icon Wealth Advisors LLC purchased a new position in shares of Kadant during the 3rd quarter valued at $28,000. Westside Investment Management Inc. acquired a new position in shares of Kadant in the third quarter worth $31,000. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Kadant during the third quarter worth $111,000. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and issued a $410.00 target price on shares of Kadant in a research note on Friday, February 14th.

Kadant Price Performance

NYSE KAI opened at $372.69 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $4.38 billion, a PE ratio of 39.31 and a beta of 1.29. Kadant Inc. has a 12-month low of $249.51 and a 12-month high of $429.95. The company has a 50 day moving average price of $366.45 and a two-hundred day moving average price of $355.04.

Kadant (NYSE:KAI) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.17. Kadant had a net margin of 10.59% and a return on equity of 14.66%. As a group, equities analysts predict that Kadant Inc. will post 9.97 earnings per share for the current fiscal year.

Kadant Company Profile

Kadant Inc supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems.