Quantbot Technologies LP Has $1.98 Million Stake in Kadant Inc. (NYSE:KAI)

Quantbot Technologies LP boosted its stake in shares of Kadant Inc. (NYSE:KAI - Free Report) by 3,773.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,733 shares of the industrial products company's stock after acquiring an additional 5,585 shares during the period. Quantbot Technologies LP's holdings in Kadant were worth $1,978,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KAI. Hilltop National Bank bought a new position in shares of Kadant in the fourth quarter worth $26,000. Icon Wealth Advisors LLC acquired a new stake in Kadant during the third quarter worth about $28,000. Westside Investment Management Inc. bought a new position in Kadant in the 3rd quarter valued at about $31,000. Jones Financial Companies Lllp raised its position in shares of Kadant by 267.9% in the 4th quarter. Jones Financial Companies Lllp now owns 103 shares of the industrial products company's stock valued at $36,000 after buying an additional 75 shares in the last quarter. Finally, Washington Trust Advisors Inc. acquired a new position in shares of Kadant in the 4th quarter valued at approximately $85,000. 96.13% of the stock is owned by institutional investors and hedge funds.

Kadant Price Performance

NYSE:KAI traded up $6.43 on Thursday, hitting $351.95. The company had a trading volume of 228,141 shares, compared to its average volume of 98,155. The firm has a 50 day moving average of $367.51 and a two-hundred day moving average of $359.53. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 37.13 and a beta of 1.25. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.37. Kadant Inc. has a 52 week low of $249.51 and a 52 week high of $429.95.

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Kadant (NYSE:KAI - Get Free Report) 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 return on equity of 14.66% and a net margin of 10.59%. On average, research analysts anticipate that Kadant Inc. will post 9.97 earnings per share for the current year.

Kadant Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 9th will be paid a $0.34 dividend. This is a positive change from Kadant's previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, April 9th. Kadant's payout ratio is currently 14.35%.

Analyst Ratings Changes

Separately, Barrington Research reissued an "outperform" rating and issued a $410.00 price objective on shares of Kadant in a research note on Friday, February 14th.

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.