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

Philadelphia Trust Co. decreased its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 20.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 95,511 shares of the company’s stock after selling 25,090 shares during the quarter. Philadelphia Trust Co. owned approximately 0.22% of Cadre worth $2,396,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in Cadre by 5.4% in the 2nd quarter. Arizona State Retirement System now owns 8,842 shares of the company’s stock valued at $252,000 after acquiring an additional 452 shares during the period. Assetmark Inc. boosted its position in Cadre by 34.6% during the first quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock worth $58,000 after purchasing an additional 483 shares during the period. Sterling Capital Management LLC boosted its position in Cadre by 839.6% during the third quarter. Sterling Capital Management LLC now owns 1,043 shares of the company’s stock worth $26,000 after purchasing an additional 932 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Cadre by 23.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,881 shares of the company’s stock worth $180,000 after purchasing an additional 1,117 shares in the last quarter. Finally, KBC Group NV purchased a new position in shares of Cadre in the first quarter worth about $41,000. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CDRE shares. Weiss Ratings reissued a “hold (c)” rating on shares of Cadre in a research report on Monday, August 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Cadre in a report on Sunday, August 9th. Roth Capital reissued a “buy” rating and set a $43.00 target price (up from $40.00) on shares of Cadre in a report on Monday, August 10th. Wall Street Zen raised shares of Cadre from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, JPMorgan Chase & Co. increased 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 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.17.

Cadre Stock Down 1.0%

CDRE opened at $33.82 on Wednesday. The company has a fifty day moving average price of $28.05 and a 200-day moving average price of $31.98. The firm has a market capitalization of $1.45 billion, a P/E ratio of 35.60, a price-to-earnings-growth ratio of 1.26 and a beta of 1.29. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.35 and a quick ratio of 1.51. Cadre Holdings, Inc. has a one year low of $24.07 and a one year high of $48.76.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. Cadre had a net margin of 5.61% and a return on equity of 13.26%. The firm had revenue of $202.88 million for the quarter, compared to analysts’ expectations of $190.67 million. Equities research analysts expect that Cadre Holdings, Inc. will post 1.21 earnings per share for the current fiscal year.

Cadre Announces Dividend

The firm also recently announced 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. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, October 30th. Cadre’s dividend payout ratio is currently 42.11%.

Insiders Place Their Bets

In other Cadre news, CEO Warren Kanders sold 100,000 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $33.36, for a total value of $3,336,000.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 30.10% of the stock is owned by corporate insiders.

About Cadre

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.