Is Kadant Inc. (KAI)’s Fuel Running High? The Stock Formed Double Top

September 16, 2018 - By Robert Sims

Kadant Inc. (NYSE:KAI) Logo

Investors sentiment increased to 1.02 in Q2 2018. Its up 0.31, from 0.71 in 2018Q1. It improved, as 15 investors sold Kadant Inc. shares while 50 reduced holdings. 24 funds opened positions while 42 raised stakes. 9.92 million shares or 10.17% more from 9.01 million shares in 2018Q1 were reported.
Capital Fund Mngmt invested in 0% or 5,600 shares. New York-based Stone Ridge Asset Mgmt Ltd Liability Com has invested 0.05% in Kadant Inc. (NYSE:KAI). Destination Wealth invested in 0% or 121 shares. Piermont Capital Mngmt owns 4,200 shares or 0.12% of their US portfolio. Moreover, Principal Fin has 0% invested in Kadant Inc. (NYSE:KAI). Susquehanna Gru Ltd Liability Partnership, a Pennsylvania-based fund reported 7,887 shares. Sg Americas Ltd Liability Co accumulated 0% or 1,275 shares. Moreover, Mufg Americas Corp has 0% invested in Kadant Inc. (NYSE:KAI). 9,800 were reported by Oberweis Asset Inc. Clarivest Asset Mngmt Lc owns 2,848 shares or 0% of their US portfolio. Opus Capital Grp Limited Liability Corporation stated it has 21,017 shares. Piedmont Advsr Llc accumulated 0% or 190 shares. Northwestern Mutual Wealth Management Communications has invested 0% of its portfolio in Kadant Inc. (NYSE:KAI). Us Bancorporation De holds 0% of its portfolio in Kadant Inc. (NYSE:KAI) for 1,481 shares. Ativo Cap Ltd Liability Corporation owns 9,732 shares.

Since May 2, 2018, it had 0 buys, and 2 selling transactions for $703,782 activity. $515,000 worth of Kadant Inc. (NYSE:KAI) was sold by MCKENNEY MICHAEL J.

The chart of Kadant Inc. (KAI) shows a double top with $109.88 target or 5.00 % above today’s $104.65 share price. The 5 months chart pattern indicates low risk for the $1.16B company. It was reported on Sep, 16 by If the $109.88 price target is reached, the company will be worth $58.05 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.82% or $0.85 during the last trading session, reaching $104.65. About 43,057 shares traded. Kadant Inc. (NYSE:KAI) has risen 13.99% since September 16, 2017 and is uptrending. It has underperformed by 1.63% the S&P500.

Analysts await Kadant Inc. (NYSE:KAI) to report earnings on October, 29. They expect $1.39 EPS, down 6.71 % or $0.10 from last year’s $1.49 per share. KAI’s profit will be $15.42 million for 18.82 P/E if the $1.39 EPS becomes a reality. After $1.07 actual EPS reported by Kadant Inc. for the previous quarter, Wall Street now forecasts 29.91 % EPS growth.

Another recent and important Kadant Inc. (NYSE:KAI) news was published by which published an article titled: “Kadant Declares Cash Dividend” on September 11, 2018.

Kadant Inc. supplies equipment and components used in papermaking, paper recycling, recycling and waste management, and other process industries worldwide. The company has market cap of $1.16 billion. The firm operates in two divisions, Papermaking Systems and Wood Processing Systems. It has a 31.99 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, and related equipment used in the processing of recyclable and waste materials; and fluid-handling systems used primarily in the dryer section of the papermaking process and during the production of corrugated boxboard, metals, plastics, rubber, textiles, chemicals, and food.

Kadant Inc. (NYSE:KAI) Institutional Positions Chart

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