Vanguard Group Inc. Has $42.42 Million Position in Cadre Holdings, Inc. $CDRE

Key Points

• Vanguard Group Inc. has increased its stake in Cadre Holdings by 3.0%, owning approximately 3.52% of the company valued at $42.4 million after purchasing an additional 41,476 shares in the first quarter.
• Cadre Holdings reported a quarterly EPS of $0.30, exceeding estimates, with revenues of $157.11 million, a rise of 8.9% compared to the previous year.
• The company has recently announced a quarterly dividend of $0.095 per share, indicating a yield of 1.3%, with a current payout ratio of 40.43%.

Vanguard Group Inc. grew its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 3.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,432,441 shares of the company's stock after purchasing an additional 41,476 shares during the period. Vanguard Group Inc. owned approximately 3.52% of Cadre worth $42,415,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CDRE. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Cadre by 37.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company's stock valued at $125,000 after buying an additional 1,155 shares in the last quarter. XTX Topco Ltd purchased a new stake in Cadre in the first quarter valued at approximately $209,000. Rafferty Asset Management LLC raised its position in shares of Cadre by 4.7% in the 4th quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company's stock worth $215,000 after buying an additional 299 shares during the period. ProShare Advisors LLC purchased a new stake in shares of Cadre during the 4th quarter worth about $237,000. Finally, Arizona State Retirement System raised its stake in shares of Cadre by 6.4% in the 1st quarter. Arizona State Retirement System now owns 8,153 shares of the company's stock valued at $241,000 after acquiring an additional 492 shares during the period. Hedge funds and other institutional investors own 43.95% of the company's stock.

Cadre Stock Down 0.1%

Shares of NYSE CDRE traded down $0.04 during mid-day trading on Friday, reaching $30.86. The company had a trading volume of 202,242 shares, compared to its average volume of 291,841. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 1.14 and a beta of 1.31. Cadre Holdings, Inc. has a 12-month low of $27.07 and a 12-month high of $40.28. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.56 and a current ratio of 3.59. The stock has a fifty day moving average of $31.75 and a two-hundred day moving average of $32.31.

Cadre (NYSE:CDRE - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.05. The company had revenue of $157.11 million for the quarter, compared to analyst estimates of $153.23 million. Cadre had a return on equity of 12.08% and a net margin of 6.65%.The business's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. Cadre has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current 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 of this dividend was Friday, August 1st. This represents a $0.38 dividend on an annualized basis and a yield of 1.2%. Cadre's dividend payout ratio (DPR) is 40.43%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Cadre from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Bank of America cut Cadre from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $38.00 to $26.00 in a research report 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $31.50.

Insider Buying and Selling at Cadre

In related news, CEO Warren B. Kanders sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $32.78, for a total transaction of $819,500.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 125,000 shares of company stock worth $4,167,500. 31.50% of the stock is currently owned by insiders.

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.