Kadant Inc. (NYSE:KAI) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its position in shares of Kadant Inc. (NYSE:KAI) by 1,289.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 528 shares of the industrial products company’s stock after acquiring an additional 490 shares during the quarter. Venturi Wealth Management LLC’s holdings in Kadant were worth $182,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of KAI. Ashton Thomas Securities LLC acquired a new position in Kadant in the third quarter valued at $25,000. Hilltop National Bank acquired a new position in Kadant in the fourth quarter valued at $26,000. Icon Wealth Advisors LLC acquired a new position in Kadant in the third quarter valued at $28,000. Westside Investment Management Inc. acquired a new position in Kadant in the third quarter valued at $31,000. Finally, Asset Management One Co. Ltd. acquired a new position in Kadant in the third quarter valued at $111,000. Institutional investors and hedge funds 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 objective on shares of Kadant in a research note on Friday, February 14th.

Kadant Price Performance

Shares of KAI opened at $382.37 on Friday. Kadant Inc. has a fifty-two week low of $249.51 and a fifty-two week high of $429.95. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 40.33 and a beta of 1.29. The firm has a 50-day simple moving average of $363.59 and a 200-day simple moving average of $351.12. 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 (NYSE:KAI) last announced its earnings results on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share for the quarter, topping 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%. On average, equities research analysts anticipate that Kadant Inc. will post 9.97 earnings per share for the current year.

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.