Cadeler A/S (NYSE:CDLR) Shares Up 6.1% – Should You Buy?

Cadeler A/S Sponsored ADR (NYSE:CDLR) rose 6.1% during mid-day trading on Wednesday. The stock traded as high as $24.33 and last traded at $24.08. 13,421 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 93,860 shares. The stock had previously closed at $22.69.

Analyst Upgrades and Downgrades

CDLR has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Cadeler A/S from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Weiss Ratings raised shares of Cadeler A/S from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 1st. Three analysts have rated the stock with a Hold rating. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Cadeler A/S Stock Performance

The company has a quick ratio of 1.61, a current ratio of 1.62 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $2.41 billion, a PE ratio of 9.89 and a beta of 0.75. The company has a 50-day moving average price of $23.83 and a two-hundred day moving average price of $24.22.

Cadeler A/S (NYSE:CDLR) last issued its quarterly earnings data on Tuesday, August 25th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.21. Cadeler A/S had a return on equity of 12.58% and a net margin of 27.45%. The business had revenue of $322.76 million for the quarter, compared to analysts’ expectations of $280.45 million.

Institutional Investors Weigh In On Cadeler A/S

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers boosted its position in shares of Cadeler A/S by 25.4% in the first quarter. Cetera Investment Advisers now owns 33,250 shares of the company’s stock valued at $782,000 after acquiring an additional 6,741 shares during the period. QRG Capital Management Inc. grew its stake in Cadeler A/S by 40.1% during the second quarter. QRG Capital Management Inc. now owns 14,438 shares of the company’s stock valued at $316,000 after acquiring an additional 4,129 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Cadeler A/S during the 1st quarter worth approximately $271,000. Blue Trust Inc. bought a new stake in Cadeler A/S during the 1st quarter worth approximately $42,000. Finally, GAMMA Investing LLC increased its holdings in Cadeler A/S by 157.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,741 shares of the company’s stock worth $38,000 after acquiring an additional 1,064 shares during the period. 53.03% of the stock is owned by hedge funds and other institutional investors.

Cadeler A/S Company Profile

Cadeler A/S is a Denmark-based provider of offshore wind installation and marine support services. The company owns and operates specialized jack-up vessels designed to transport, install and service offshore wind turbines and their foundations.

Its fleet supports major offshore wind projects throughout Europe and other international markets, including the United States and Asia-Pacific. Cadeler provides vessel chartering, project execution and offshore logistics services for wind farm developers, turbine manufacturers and engineering contractors.

The company was established in 2012 as Swire Blue Ocean and later adopted the Cadeler name.