Philadelphia Trust Co. Sells 10,465 Shares of Cadre Holdings, Inc. $CDRE

Key Points

• Philadelphia Trust Co. reduced its stake in Cadre Holdings, Inc. by 5.8%, holding 169,553 shares worth approximately $5 million after selling 10,465 shares.
• Cadre recently reported earnings per share of $0.30, exceeding analysts' expectations of $0.25, with revenue of $157.11 million, up 8.9% year-over-year.
• Several analysts have lowered their ratings on Cadre, with Bank of America downgrading it from "neutral" to "underperform" and setting a new price target at $26.00.

Philadelphia Trust Co. lowered its position in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,553 shares of the company's stock after selling 10,465 shares during the period. Philadelphia Trust Co. owned 0.42% of Cadre worth $5,020,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Capital International Investors grew its stake in Cadre by 118.4% during the fourth quarter. Capital International Investors now owns 1,981,602 shares of the company's stock valued at $64,006,000 after acquiring an additional 1,074,471 shares in the last quarter. Vanguard Group Inc. grew its stake in Cadre by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,432,441 shares of the company's stock valued at $42,415,000 after acquiring an additional 41,476 shares in the last quarter. Geode Capital Management LLC grew its stake in Cadre by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 586,255 shares of the company's stock valued at $18,941,000 after acquiring an additional 2,577 shares in the last quarter. WCM Investment Management LLC grew its stake in Cadre by 38.6% during the first quarter. WCM Investment Management LLC now owns 536,843 shares of the company's stock valued at $15,611,000 after acquiring an additional 149,551 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Cadre by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 505,711 shares of the company's stock valued at $16,334,000 after acquiring an additional 44,785 shares in the last quarter. Hedge funds and other institutional investors own 43.95% of the company's stock.

Insider Activity

In related news, CEO Warren B. Kanders sold 25,000 shares of the company's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $32.78, for a total transaction of $819,500.00. Following the completion of the sale, the chief executive officer directly owned 10,216,192 shares in the company, valued at $334,886,773.76. This represents a 0.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders have sold 175,000 shares of company stock valued at $5,823,000. 31.50% of the stock is currently owned by corporate insiders.

Cadre Trading Down 0.8%

Shares of Cadre stock traded down $0.2310 during trading on Wednesday, reaching $29.2190. The company's stock had a trading volume of 126,159 shares, compared to its average volume of 294,812. Cadre Holdings, Inc. has a 52-week low of $27.07 and a 52-week high of $40.28. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 1.09 and a beta of 1.31. The firm's 50-day moving average is $32.35 and its two-hundred day moving average is $32.57. The company has a quick ratio of 2.56, a current ratio of 3.59 and a debt-to-equity ratio of 0.90.

Cadre (NYSE:CDRE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. Cadre had a net margin of 6.65% and a return on equity of 12.08%. The company had revenue of $157.11 million during the quarter, compared to analysts' expectations of $153.23 million. During the same quarter in the prior year, the company earned $0.31 EPS. The firm's revenue was up 8.9% on a year-over-year basis. Cadre has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $0.095 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.3%. Cadre's dividend payout ratio is 40.43%.

Analyst Ratings Changes

Several equities analysts recently commented on CDRE shares. Wall Street Zen cut shares of Cadre from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Bank of America cut shares of Cadre from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $38.00 to $26.00 in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $31.50.

Cadre Profile

Cadre Holdings, Inc manufactures and distributes safety that provides protection to users in hazardous or life-threatening situations in the United States and internationally. The company operates in two segments, Products and Distribution. It offers body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brand names; survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, and vehicle blast attenuation seats for bomb safety technicians; bomb suits; duty gear, including belts and accessories; and other protective equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.