Susquehanna Fundamental Investments LLC Invests $3.56 Million in Kadant Inc. (NYSE:KAI)

Susquehanna Fundamental Investments LLC bought a new stake in Kadant Inc. (NYSE:KAI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,332 shares of the industrial products company’s stock, valued at approximately $3,564,000. Susquehanna Fundamental Investments LLC owned 0.09% of Kadant as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of KAI. Hancock Whitney Corp lifted its stake in shares of Kadant by 8.3% in the 4th quarter. Hancock Whitney Corp now owns 1,086 shares of the industrial products company’s stock valued at $375,000 after purchasing an additional 83 shares during the period. Hsbc Holdings PLC lifted its stake in Kadant by 123.3% in the fourth quarter. Hsbc Holdings PLC now owns 3,470 shares of the industrial products company’s stock valued at $1,206,000 after buying an additional 1,916 shares during the period. OneDigital Investment Advisors LLC bought a new position in shares of Kadant during the 4th quarter worth approximately $709,000. Tower Research Capital LLC TRC grew its position in shares of Kadant by 64.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 848 shares of the industrial products company’s stock worth $293,000 after buying an additional 333 shares during the period. Finally, MetLife Investment Management LLC increased its stake in shares of Kadant by 4.6% in the 4th quarter. MetLife Investment Management LLC now owns 7,078 shares of the industrial products company’s stock valued at $2,442,000 after acquiring an additional 312 shares in the last quarter. Institutional investors own 96.13% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kadant Stock Up 0.7 %

Shares of NYSE:KAI opened at $313.33 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.46 and a current ratio of 2.29. Kadant Inc. has a 52-week low of $249.51 and a 52-week high of $429.95. The business’s 50 day simple moving average is $338.40 and its two-hundred day simple moving average is $357.73. The firm has a market cap of $3.69 billion, a P/E ratio of 33.05 and a beta of 1.24.

Kadant (NYSE:KAI) last posted its quarterly earnings results 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, research analysts forecast that Kadant Inc. will post 9.97 EPS for the current fiscal year.

Kadant Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 9th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a positive change from Kadant’s previous quarterly dividend of $0.32. Kadant’s dividend payout ratio is currently 14.35%.

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.