US Bancorp DE Boosts Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

US Bancorp DE grew its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 10.6% in the 4th quarter, HoldingsChannel reports. The firm owned 4,178 shares of the company’s stock after purchasing an additional 400 shares during the quarter. US Bancorp DE’s holdings in Cadre were worth $135,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Loomis Sayles & Co. L P lifted its stake in Cadre by 21.6% in the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock worth $35,701,000 after acquiring an additional 167,214 shares during the last quarter. Fred Alger Management LLC lifted its stake in Cadre by 87.5% in the third quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock worth $28,012,000 after acquiring an additional 344,483 shares during the last quarter. Geode Capital Management LLC lifted its stake in Cadre by 15.1% in the third quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock worth $22,155,000 after acquiring an additional 76,750 shares during the last quarter. Catawba River Capital lifted its stake in Cadre by 51.5% in the fourth quarter. Catawba River Capital now owns 455,824 shares of the company’s stock worth $14,723,000 after acquiring an additional 154,986 shares during the last quarter. Finally, WCM Investment Management LLC purchased a new position in Cadre in the fourth quarter worth approximately $12,420,000. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Cadre Stock Down 3.4 %

Shares of Cadre stock opened at $33.73 on Monday. Cadre Holdings, Inc. has a 52-week low of $29.19 and a 52-week high of $40.28. The company has a 50 day moving average of $35.29 and a 200 day moving average of $35.44. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1.37 billion, a P/E ratio of 40.64, a P/E/G ratio of 1.58 and a beta of 1.30.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.16). Cadre had a return on equity of 12.88% and a net margin of 6.34%. The company had revenue of $175.98 million for the quarter, compared to analyst estimates of $170.95 million. During the same period in the previous year, the business posted $0.25 EPS. The firm’s revenue for the quarter was up 41.3% compared to the same quarter last year. As a group, research analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.38 dividend on an annualized basis and a yield of 1.13%. This is a boost from Cadre’s previous quarterly dividend of $0.09. Cadre’s dividend payout ratio (DPR) is presently 42.22%.

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.