PDT Partners LLC Trims Stake in Kadant Inc $KAI

PDT Partners LLC reduced its stake in Kadant Inc (NYSE:KAI) by 38.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,590 shares of the industrial products company’s stock after selling 2,229 shares during the period. PDT Partners LLC’s holdings in Kadant were worth $1,210,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Apollon Wealth Management LLC boosted its position in shares of Kadant by 2.2% during the first quarter. Apollon Wealth Management LLC now owns 1,795 shares of the industrial products company’s stock valued at $605,000 after purchasing an additional 39 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Kadant by 5.6% in the 1st quarter. Cetera Investment Advisers now owns 760 shares of the industrial products company’s stock worth $256,000 after buying an additional 40 shares during the last quarter. Xponance Inc. boosted its holdings in Kadant by 5.1% in the first quarter. Xponance Inc. now owns 888 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 43 shares in the last quarter. Wealth Alliance LLC raised its position in shares of Kadant by 6.3% in the 1st quarter. Wealth Alliance LLC now owns 814 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 48 shares during the last quarter. Finally, Optimum Investment Advisors increased its stake in Kadant by 50.0% during the 1st quarter. Optimum Investment Advisors now owns 150 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 50 shares in the last quarter. 96.13% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Kadant news, Director Thomas C. Leonard sold 415 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $338.41, for a total value of $140,440.15. Following the completion of the transaction, the director directly owned 4,250 shares in the company, valued at $1,438,242.50. This represents a 8.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on KAI shares. Wall Street Zen raised Kadant from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th. DA Davidson increased their price objective on Kadant from $275.00 to $300.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Finally, Barrington Research reiterated an “outperform” rating and issued a $380.00 price objective on shares of Kadant in a report on Tuesday, July 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Kadant presently has a consensus rating of “Moderate Buy” and an average target price of $340.00.

Kadant Trading Up 0.5%

Shares of KAI stock opened at $319.54 on Thursday. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 35.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.38 and a quick ratio of 1.53. The firm has a fifty day moving average price of $331.42 and a 200-day moving average price of $329.80. Kadant Inc has a 1 year low of $281.30 and a 1 year high of $429.95.

Kadant (NYSE:KAI) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.31 EPS for the quarter, topping the consensus estimate of $1.94 by $0.37. The firm had revenue of $255.27 million for the quarter, compared to the consensus estimate of $245.99 million. Kadant had a return on equity of 12.62% and a net margin of 10.34%.The business’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.81 earnings per share. Kadant has set its Q3 2025 guidance at 2.130-2.230 EPS. FY 2025 guidance at 9.050-9.250 EPS. As a group, equities analysts predict that Kadant Inc will post 9.97 earnings per share for the current year.

Kadant announced that its Board of Directors has approved a stock repurchase program on Thursday, May 15th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Kadant 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.