Cadeler A/S (NYSE:CDLR) Stock Price Down 1.7% – Should You Sell?

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s share price fell 1.7% on Tuesday. The company traded as low as $25.20 and last traded at $25.52. Approximately 40,955 shares were traded during trading, a decline of 36% from the average session volume of 63,718 shares. The stock had previously closed at $25.97.

Analyst Ratings Changes

Several analysts recently commented on CDLR shares. Wall Street Zen raised Cadeler A/S from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings raised 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, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Cadeler A/S Stock Performance

The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.61 and a current ratio of 1.62. The stock has a market cap of $2.26 billion, a P/E ratio of 9.34 and a beta of 0.68. The business’s 50-day moving average price is $24.00 and its 200-day moving average price is $24.42.

Cadeler A/S (NYSE:CDLR) last released its 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. The company had revenue of $322.76 million for the quarter, compared to the consensus estimate of $280.45 million. Cadeler A/S had a return on equity of 12.58% and a net margin of 27.45%.

Hedge Funds Weigh In On Cadeler A/S

Large investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its position in shares of 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 buying an additional 4,129 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Cadeler A/S in the 1st quarter worth about $271,000. Cetera Investment Advisers raised its position in shares of Cadeler A/S by 25.4% during the 1st quarter. Cetera Investment Advisers now owns 33,250 shares of the company’s stock valued at $782,000 after buying an additional 6,741 shares in the last quarter. Blue Trust Inc. bought a new position in shares of Cadeler A/S in the 1st quarter valued at about $42,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Cadeler A/S in the 4th quarter valued at about $236,000. 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 offshore wind installation company that provides specialized marine services for the construction and maintenance of offshore wind farms. Its operations support the transportation, installation and removal of wind turbine components, foundations and other large offshore structures.

The company operates a fleet of self-propelled jack-up installation vessels and related equipment designed to handle heavy components in challenging marine environments. Cadeler serves offshore wind developers, turbine manufacturers and engineering, procurement and construction contractors, providing vessel chartering, project execution and installation services.

Cadeler was established in 2008 and has expanded its capabilities through fleet development and corporate acquisitions, including the combination with Eneti.