Cadeler A/S (NYSE:CDLR) Shares Climb 6.4% – Time to Buy?

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s share price shot up 6.4% on Friday. The stock traded as high as $28.34 and last traded at $28.3890. 40,780 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 93,561 shares. The stock had previously closed at $26.69.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings raised shares of Cadeler A/S from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 1st. Wall Street Zen raised Cadeler A/S from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Three investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Cadeler A/S presently has a consensus rating of “Hold”.

Cadeler A/S Stock Performance

The company has a market cap of $2.77 billion, a PE ratio of 11.44 and a beta of 0.75. The firm’s 50 day moving average is $24.01 and its 200-day moving average is $24.20. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.61 and a current ratio of 1.62.

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

Institutional Trading of Cadeler A/S

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in Cadeler A/S by 157.2% in the third quarter. GAMMA Investing LLC now owns 1,741 shares of the company’s stock valued at $38,000 after purchasing an additional 1,064 shares during the period. Blue Trust Inc. purchased a new position in Cadeler A/S in the first quarter worth approximately $42,000. QRG Capital Management Inc. acquired a new stake in shares of Cadeler A/S in the 1st quarter valued at $243,000. Renaissance Technologies LLC purchased a new position in Cadeler A/S in the first quarter valued at $271,000. Finally, Cetera Investment Advisers lifted its holdings in Cadeler A/S by 25.4% during the 1st quarter. Cetera Investment Advisers now owns 33,250 shares of the company’s stock worth $782,000 after buying an additional 6,741 shares during the last quarter. Hedge funds and other institutional investors own 53.03% of the company’s stock.

About Cadeler A/S

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.