Vanguard Trims Kadant Stake to 20.8% as of Dec 29, 2023

TL;DR

**Vanguard still owns a huge chunk of Kadant, but slightly less than before.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership of 2,423,073 shares of Kadant Inc. common stock as of December 29, 2023. This represents 20.8% of Kadant's outstanding shares, a slight decrease from its previous filing. This matters to investors because Vanguard is a significant institutional holder, and changes in its stake can signal shifts in its investment thesis or simply reflect passive index tracking, which could influence market perception and liquidity for Kadant stock.

Why It Matters

This filing shows that a major institutional investor, Vanguard, still holds a substantial portion of Kadant Inc. shares, indicating continued confidence, but a slight reduction could be a minor red flag or just portfolio rebalancing.

Risk Assessment

Risk Level: low — The change in ownership is minor and Vanguard remains a significant holder, so the immediate risk to investors is low.

Analyst Insight

Investors should note Vanguard's continued substantial ownership, which suggests long-term institutional interest, but also be aware of the slight reduction, which could warrant further investigation into Kadant's recent performance or Vanguard's portfolio adjustments.

Key Numbers

• 2,423,073 — Shares Beneficially Owned (Represents the total number of Kadant Inc. common stock shares held by The Vanguard Group as of December 29, 2023.)
• 20.8% — Percentage of Class (Indicates the significant ownership stake The Vanguard Group holds in Kadant Inc., making them a major institutional investor.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Kadant Inc. (company) — subject company whose securities are being reported
• 2,423,073 shares (dollar_amount) — number of shares beneficially owned by Vanguard
• 20.8% (dollar_amount) — percentage of Kadant Inc. common stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A amendment

Forward-Looking Statements

• Vanguard will likely maintain a significant, albeit potentially fluctuating, stake in Kadant Inc. due to its passive index-tracking strategies. (The Vanguard Group) — high confidence, target: Next 12 months

FAQ

Filing Documents

• tv01261-kadantinc.htm (SC 13G/A) — 11KB
• 0001104659-24-021267.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Kadant Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 1 Technology Park Drive Westford, MA 01886-3159

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 48282T104

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR