Kadant Inc (KAI)
$114.87 3.63 (3.06%)
18:59 EDT KAI Stock Quote Delayed 30 Minutes
Previous Close $114.87
Market Cap 1.27B
PE Ratio 39.47
Volume (Avg. Vol.) 130,600
Day's Range 114.19 - 120.26
52-Week Range 52.71 - 127.16
Dividend & Yield 0.87 (0.76%)
KAI Stock Predictions, Articles, and Kadant Inc News
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Within the manufacturing sector, durable goods industries, which produce industrial intermediaries, generated 89% of job additions. Compare Brokers....
The grades of 9 Machinery stocks are on the rise this week on Portfolio Grader. Each of these stocks is rated an "A" ("strong buy") or "B" overall ("buy").
Pactiv Evergreen (PTVE +2.7%) kicked-off trading yesterday at $12.57 and closed at $10.93.IPO was priced at $14, below expected range of $18 - $21.The company raised $574M by selling 41.03M shares and was valued at about $2.46B at the IPO price.Graeme Hart, owner of Rank Group, agreed to purchase 3.6M shares for about $50M.Previously: Pactiv Evergreen to raise up to $861.5M in IPO (Sept.
Reynolds Group Holdings Limited, to be converted to a corporation in the State of Delaware and renamed Pactiv Evergreen (PTVE) to sell 41M shares at a price range of $18 - $21 per share.At the midpoint of the proposed range, Pactiv Evergreen would command a fully diluted market value of $3.4B.The company is the largest manufacturer and distributor of fresh foodservice products, food merchandising products, and fresh beverage cartons in North America and has booked $6.8B in sales for the 12 months ended June 30, 2020.Portion of the proceeds from the IPO, as well as ~$653M of cash on hand will be used to repay certain indebtedness in the following priority: first, up to $650M of the 7.000% senior notes due 2024 and second, a portion of the 5.125% senior secured notes due 2023.The graph below sets forth the historical and expected growth in the addressable North American market served by company's three reportable segments:The company competes with Dart Container Corporation, Huhtamäki Oyj, Berry Global Group, Inc., Genpak LLC, Sonoco, Paper Excellence Group, Stora Enso Oyj, Amcor plc, Sealed Air Corporation, Silgan Holdings, SIG Combibloc and Elopak.The following graphs set forth the expected growth in the U.S.
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