Zurcher Kantonalbank Zurich Cantonalbank Has $104,000 Stock Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 19.4% in the fourth quarter, HoldingsChannel reports. The fund owned 3,177 shares of the company’s stock after selling 767 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cadre were worth $104,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Covestor Ltd boosted its holdings in Cadre by 49,625.0% during the third quarter. Covestor Ltd now owns 1,989 shares of the company’s stock worth $53,000 after purchasing an additional 1,985 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Cadre by 992.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,283 shares of the company’s stock worth $75,000 after buying an additional 2,074 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Cadre by 3.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 149,950 shares of the company’s stock valued at $3,996,000 after acquiring an additional 4,522 shares in the last quarter. Swiss National Bank increased its position in shares of Cadre by 12.8% in the third quarter. Swiss National Bank now owns 41,300 shares of the company’s stock valued at $1,101,000 after acquiring an additional 4,700 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Cadre during the fourth quarter worth about $229,000. 43.95% of the stock is owned by institutional investors.

Cadre Price Performance

Cadre stock opened at $30.93 on Friday. The firm has a market cap of $1.26 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 1.80 and a beta of 1.35. Cadre Holdings, Inc. has a one year low of $19.13 and a one year high of $39.81. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.58 and a quick ratio of 1.73. The stock’s fifty day moving average price is $34.93 and its two-hundred day moving average price is $33.36.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). The company had revenue of $137.86 million during the quarter, compared to analyst estimates of $127.99 million. Cadre had a net margin of 8.01% and a return on equity of 21.85%. The firm’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS. As a group, research analysts expect that Cadre Holdings, Inc. will post 1.18 EPS for the current fiscal year.

Cadre Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Thursday, May 2nd. Cadre’s dividend payout ratio (DPR) is presently 34.31%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CDRE. Stephens lifted their target price on Cadre from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Raymond James cut Cadre from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Stifel Nicolaus increased their target price on Cadre from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. Roth Mkm restated a “buy” rating and issued a $43.00 price target (up from $38.00) on shares of Cadre in a research note on Wednesday, March 6th. Finally, B. Riley reiterated a “buy” rating and set a $48.00 price objective (up previously from $40.00) on shares of Cadre in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.25.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 1,438,127 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $35.00, for a total transaction of $50,334,445.00. Following the completion of the transaction, the chief executive officer now directly owns 12,184,918 shares in the company, valued at $426,472,130. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 49.20% of the stock is currently owned by company insiders.

About Cadre

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.