Is Kadant (NYSE:KAI) Now a ‘Buy’? Why did Sidoti Upgrade The Stock?

Kadant Inc. (NYSE:KAI) Logo

Investors sentiment decreased to 0.84 in 2018 Q3. Its down 0.18, from 1.02 in 2018Q2. It turned negative, as 15 investors sold Kadant Inc. shares while 53 reduced holdings. 27 funds opened positions while 30 raised stakes. 9.34 million shares or 5.93% less from 9.92 million shares in 2018Q2 were reported.

Origin Asset Limited Liability Partnership, a United Kingdom-based fund reported 3,690 shares. First Mercantile Tru owns 1,330 shares. Ameritas Partners has 0% invested in Kadant Inc. (NYSE:KAI). Moreover, Crow Point Prtnrs Limited Liability Corp has 0.07% invested in Kadant Inc. (NYSE:KAI) for 3,707 shares. State Board Of Administration Of Florida Retirement Systems has invested 0% in Kadant Inc. (NYSE:KAI). Manufacturers Life Insur The holds 0% or 6,959 shares in its portfolio. Missouri-based Stifel Financial Corp has invested 0.02% in Kadant Inc. (NYSE:KAI). Oakworth Capital Inc invested 0% of its portfolio in Kadant Inc. (NYSE:KAI). Destination Wealth has 0% invested in Kadant Inc. (NYSE:KAI) for 121 shares. Btim has invested 0.2% in Kadant Inc. (NYSE:KAI). Dupont Cap Mgmt holds 9,909 shares or 0.02% of its portfolio. Rhumbline Advisers reported 16,205 shares. Stone Ridge Asset Mgmt Ltd invested in 8,948 shares or 0.05% of the stock. Bw Gestao De Investimentos Ltda accumulated 9,437 shares or 0.28% of the stock. Deutsche Bancshares Ag stated it has 32,870 shares.

Since September 7, 2018, it had 0 insider purchases, and 4 sales for $1.16 million activity. 1,000 Kadant Inc. (NYSE:KAI) shares with value of $110,000 were sold by LEONARD THOMAS C. 5,000 shares were sold by MCKENNEY MICHAEL J, worth $515,000. Shares for $464,175 were sold by ALBERTINE JOHN M.

Kadant (NYSE:KAI) Stock Upgrade

Sidoti upped the shares of Kadant (NYSE:KAI) from a Neutral rating to Buy rating in a research note published on 11 December.

The stock increased 4.20% or $3.41 during the last trading session, reaching $84.51. About 167,642 shares traded or 211.27% up from the average. Kadant Inc. (NYSE:KAI) has declined 21.45% since December 12, 2017 and is downtrending. It has underperformed by 21.45% the S&P500.

Analysts await Kadant Inc. (NYSE:KAI) to report earnings on February, 21. They expect $1.36 earnings per share, up 19.30 % or $0.22 from last year’s $1.14 per share. KAI’s profit will be $15.11M for 15.53 P/E if the $1.36 EPS becomes a reality. After $1.53 actual earnings per share reported by Kadant Inc. for the previous quarter, Wall Street now forecasts -11.11 % negative EPS growth.

Kadant Inc. supplies equipment and critical components used in papermaking, paper recycling, recycling and waste management, and other process industries worldwide. The company has market cap of $938.68 million. The firm operates in two divisions, Papermaking Systems and Wood Processing Systems. It has a 22.5 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, as well as related equipment used in the processing of recyclable and waste materials; and fluid-handling systems and equipment used in industrial piping systems to compensate for movement, as well as to transfer fluid, power, and data.

More notable recent Kadant Inc. (NYSE:KAI) news were published by: Seekingalpha.com which released: “Kadant Inc. 2018 Q2 – Results – Earnings Call Slides – Seeking Alpha” on August 01, 2018, also Bizjournals.com with their article: “U.S. Bank hires new chief analytics officer – Minneapolis / St. Paul Business Journal” published on December 05, 2018, Mining.com published: “Pan American Silver buys Tahoe Resources for $1B – MINING.com” on November 14, 2018. More interesting news about Kadant Inc. (NYSE:KAI) were released by: Globenewswire.com and their article: “Kadant to Present at Baird 2018 Global Industrial Conference on November 8 – GlobeNewswire” published on October 09, 2018 as well as Seekingalpha.com‘s news article titled: “Kadant Inc. (KAI) CEO Jon Painter on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: October 30, 2018.

Kadant Inc. (NYSE:KAI) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.