Wasatch Advisors Adds $35M in Kadant Inc. ($KAI)
Key Points
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Wasatch Advisors increased its position in Kadant Inc. ($KAI) by 13.73% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,038,548 shares of Kadant Inc. after buying 125,342 shares during the quarter. Wasatch Advisors's holdings in Kadant Inc. were worth $293.34 million as of its most recent filing.
Kadant Inc. Stock Down 6.5%
Shares of Kadant Inc. ($KAI) traded around $282.45 on Saturday, down 6.5% for the day.
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About Kadant Inc.
Kadant Inc. supplies technologies and engineered systems worldwide. The company operates through three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems, equipment, and integrated technologies, such as rotary joints, syphons, Turbulator bars, expansion joints, and engineered steam and condensate systems, as well as doctor systems and holders, doctor blades, cleaning showers and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems. The Industrial Processing segment provides ring and rotary debarkers, stranders, chippers, engineered knife systems, and industrial automation and control products. This segment also offers recycling and approach flow systems, virgin pulping process equipment, boiler cleaning technologies, and single and double-screw presses. The Material Handling segment provides vibratory and conveying equipment; individual components and equipment for baling recyclable and waste materials; and fiber-based products. It sells its products and services through direct sales, independent sales agents, and distributors. The company was formerly known as Thermo Fibertek, Inc. and changed its name to Kadant Inc. in July 2001. Kadant Inc. was incorporated in 1991 and is headquartered in Westford, Massachusetts.
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