Cadre Holdings, Inc. $CDRE Shares Sold by Philadelphia Trust Co.

Philadelphia Trust Co. lowered its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 20.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 95,511 shares of the company’s stock after selling 25,090 shares during the period. Philadelphia Trust Co.’s holdings in Cadre were worth $2,396,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CDRE. Arizona State Retirement System grew its position in Cadre by 5.4% in the second quarter. Arizona State Retirement System now owns 8,842 shares of the company’s stock worth $252,000 after acquiring an additional 452 shares in the last quarter. Assetmark Inc. increased its stake in Cadre by 34.6% in the first quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock valued at $58,000 after acquiring an additional 483 shares during the last quarter. Sterling Capital Management LLC increased its stake in Cadre by 839.6% in the third quarter. Sterling Capital Management LLC now owns 1,043 shares of the company’s stock valued at $26,000 after acquiring an additional 932 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Cadre by 23.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,881 shares of the company’s stock valued at $180,000 after acquiring an additional 1,117 shares during the last quarter. Finally, KBC Group NV purchased a new stake in Cadre during the first quarter valued at about $41,000. 43.95% of the stock is owned by institutional investors.

Insider Transactions at Cadre

In other Cadre news, CEO Warren Kanders sold 100,000 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $33.36, for a total transaction of $3,336,000.00. Following the completion of the sale, the chief executive officer directly owned 9,517,039 shares in the company, valued at $317,488,421.04. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 30.10% of the stock is currently owned by insiders.

Cadre Trading Down 1.0%

Shares of CDRE opened at $33.82 on Wednesday. Cadre Holdings, Inc. has a fifty-two week low of $24.07 and a fifty-two week high of $48.76. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 1.26 and a beta of 1.29. The firm has a 50 day moving average price of $28.05 and a 200-day moving average price of $31.98. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.51 and a current ratio of 2.35.

Cadre (NYSE:CDRE) last released its earnings results on Wednesday, November 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.28 by $0.09. The company had revenue of $202.88 million for the quarter, compared to analyst estimates of $190.67 million. Cadre had a net margin of 5.61% and a return on equity of 13.26%. As a group, equities research analysts forecast that Cadre Holdings, Inc. will post 1.21 earnings per share for the current year.

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.40 annualized dividend and a yield of 1.2%. Cadre’s payout ratio is currently 42.11%.

Analyst Ratings Changes

Several brokerages have issued reports on CDRE. UBS Group set a $43.00 price target on Cadre in a research note on Monday, August 10th. DA Davidson upped their price objective on Cadre from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadre in a research report on Monday, August 17th. Wall Street Zen raised Cadre from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, JPMorgan Chase & Co. boosted their target price on Cadre from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Cadre currently has a consensus rating of “Moderate Buy” and an average target price of $44.17.

Cadre Company Profile

Cadre Holdings, Inc. designs, manufactures and distributes safety and survivability equipment for law enforcement, military personnel, first responders and other public-safety professionals. Its products include body armor, bomb suits and explosive-ordnance-disposal equipment, tactical gear, duty holsters, restraints, shields and protective clothing. The company sells products under brands including Safariland, Med-Eng, Armor Express and Mustang Survival. Its offerings serve customers in the United States and international markets.