Philadelphia Trust Co. Has $5.02 Million Holdings in 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. lessened its stake in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 169,553 shares of the company's stock after selling 10,465 shares during the quarter. Philadelphia Trust Co. owned 0.42% of Cadre worth $5,020,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Capital International Investors increased its stake in shares of Cadre by 118.4% during the 4th quarter. Capital International Investors now owns 1,981,602 shares of the company's stock worth $64,006,000 after purchasing an additional 1,074,471 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Cadre by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 1,432,441 shares of the company's stock worth $42,415,000 after purchasing an additional 41,476 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Cadre by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 586,255 shares of the company's stock worth $18,941,000 after purchasing an additional 2,577 shares during the last quarter. WCM Investment Management LLC increased its stake in shares of Cadre by 38.6% during the 1st quarter. WCM Investment Management LLC now owns 536,843 shares of the company's stock worth $15,611,000 after purchasing an additional 149,551 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Cadre by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 505,711 shares of the company's stock worth $16,334,000 after purchasing an additional 44,785 shares during the last quarter. Institutional investors and hedge funds own 43.95% of the company's stock.

Analyst Upgrades and Downgrades

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

Cadre Stock Performance

Cadre stock traded up $0.13 during mid-day trading on Thursday, reaching $29.39. The company had a trading volume of 56,805 shares, compared to its average volume of 293,751. Cadre Holdings, Inc. has a 52 week low of $27.07 and a 52 week high of $40.28. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 1.08 and a beta of 1.31. The company has a quick ratio of 2.56, a current ratio of 3.59 and a debt-to-equity ratio of 0.90. The company has a 50 day moving average of $32.22 and a 200-day moving average of $32.55.

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 posted $0.31 EPS. The business'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 expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.095 per share. The ex-dividend date 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 (DPR) is 40.43%.

Insider Activity

In related news, CEO Warren B. Kanders sold 25,000 shares of the stock in a transaction dated 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 owned 10,216,192 shares in the company, valued at $334,886,773.76. This trade represents a 0.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 175,000 shares of company stock worth $5,823,000. Company insiders own 31.50% of the company's stock.

Cadre Company 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.