Deutsche Bank AG Has $3.14 Million Stock Holdings in Kadant Inc $KAI

Key Points

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Deutsche Bank AG reduced its position in shares of Kadant Inc (NYSE:KAI - Free Report) by 9.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,305 shares of the industrial products company's stock after selling 967 shares during the quarter. Deutsche Bank AG owned about 0.08% of Kadant worth $3,135,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in Kadant during the 1st quarter worth about $30,000. Optimum Investment Advisors raised its holdings in Kadant by 50.0% during the 1st quarter. Optimum Investment Advisors now owns 150 shares of the industrial products company's stock worth $51,000 after purchasing an additional 50 shares during the last quarter. GAMMA Investing LLC raised its holdings in Kadant by 348.1% during the 1st quarter. GAMMA Investing LLC now owns 242 shares of the industrial products company's stock worth $82,000 after purchasing an additional 188 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in Kadant during the 1st quarter worth about $111,000. Finally, Fifth Third Bancorp raised its holdings in Kadant by 23.1% during the 1st quarter. Fifth Third Bancorp now owns 442 shares of the industrial products company's stock worth $149,000 after purchasing an additional 83 shares during the last quarter. 96.13% of the stock is owned by institutional investors.

Kadant Trading Up 4.2%

Shares of Kadant stock traded up $13.8750 during trading on Friday, hitting $340.5350. 106,211 shares of the company were exchanged, compared to its average volume of 114,763. The firm has a market capitalization of $4.01 billion, a P/E ratio of 37.92 and a beta of 1.24. Kadant Inc has a 1-year low of $281.30 and a 1-year high of $429.95. The firm's fifty day moving average price is $328.36 and its 200 day moving average price is $331.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.38 and a quick ratio of 1.53.

Kadant (NYSE:KAI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.37. Kadant had a return on equity of 12.62% and a net margin of 10.34%.The business had revenue of $255.27 million during the quarter, compared to analyst estimates of $245.99 million. During the same period in the previous year, the firm earned $2.81 EPS. Kadant's quarterly revenue was down 7.3% compared to the same quarter last year. 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, sell-side analysts expect that Kadant Inc will post 9.97 earnings per share for the current fiscal year.

Kadant declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 15th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the industrial products company to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. DA Davidson boosted their price objective on Kadant from $275.00 to $300.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Wall Street Zen raised Kadant from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Barrington Research restated an "outperform" rating and set a $380.00 target price on shares of Kadant in a research report on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $340.00.

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.