JPMorgan Chase & Co. Has $29.67 Million Holdings in Kadant Inc $KAI

JPMorgan Chase & Co. boosted its position in shares of Kadant Inc (NYSE:KAI) by 141.3% in the third quarter, Holdings Channel.com reports. The firm owned 99,703 shares of the industrial products company’s stock after acquiring an additional 58,382 shares during the period. JPMorgan Chase & Co.’s holdings in Kadant were worth $29,670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of KAI. Advantage Alpha Capital Partners LP bought a new position in shares of Kadant during the second quarter worth about $2,745,000. Champlain Investment Partners LLC boosted its position in Kadant by 54.6% during the 2nd quarter. Champlain Investment Partners LLC now owns 248,632 shares of the industrial products company’s stock worth $78,928,000 after acquiring an additional 87,832 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Kadant by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 279,013 shares of the industrial products company’s stock worth $88,583,000 after acquiring an additional 4,162 shares in the last quarter. World Investment Advisors bought a new position in shares of Kadant in the 2nd quarter valued at about $471,000. Finally, Handelsbanken Fonder AB increased its position in shares of Kadant by 6.8% in the second quarter. Handelsbanken Fonder AB now owns 78,079 shares of the industrial products company’s stock valued at $24,786,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Kadant in a research report on Monday, December 29th. Barrington Research reissued an “outperform” rating and issued a $380.00 price objective on shares of Kadant in a report on Tuesday, February 24th. Finally, DA Davidson set a $303.00 target price on shares of Kadant in a report on Friday, February 20th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $341.50.

Kadant Stock Performance

KAI opened at $338.93 on Friday. The company has a quick ratio of 5.22, a current ratio of 8.97 and a debt-to-equity ratio of 0.38. Kadant Inc has a 12-month low of $244.87 and a 12-month high of $381.73. The business has a 50 day moving average of $318.80 and a 200-day moving average of $304.97. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 39.18 and a beta of 1.25.

Kadant (NYSE:KAI) last posted its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.08. Kadant had a return on equity of 11.57% and a net margin of 9.69%.The business had revenue of $286.20 million for the quarter, compared to analysts’ expectations of $274.43 million. During the same quarter in the prior year, the business earned $2.25 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Kadant has set its Q1 2026 guidance at 1.780-1.880 EPS and its FY 2026 guidance at 10.500-10.750 EPS. On average, equities research analysts expect that Kadant Inc will post 9.97 earnings per share for the current year.

Kadant Profile

Kadant Inc, headquartered in Westford, Massachusetts, is a global supplier of high‐value, critical components and engineered systems for the pulp and paper industry and other process industries. The company’s product portfolio spans stock preparation technologies, refiners and pulpers, fluid handling systems, and web‐handling equipment designed to optimize the efficiency and quality of paper production. In addition to capital equipment, Kadant offers aftermarket services, including spare parts, maintenance programs and process optimization consulting, which together support long‐term customer productivity and reliability.

Originally part of a larger industrial conglomerate, Kadant was established as an independent public company in 1991.