Cadeler A/S (NYSE:CDLR) Hits New 12-Month High – Here’s Why

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $27.70 and last traded at $27.4360, with a volume of 24183 shares traded. The stock had previously closed at $26.18.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CDLR. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadeler A/S in a research report on Wednesday, January 21st. Fearnley Fonds upgraded shares of Cadeler A/S to a “hold” rating in a research report on Monday, March 23rd. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Cadeler A/S Stock Performance

The firm has a market cap of $2.43 billion, a P/E ratio of 7.70 and a beta of 0.34. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 1.00. The business’s fifty day simple moving average is $24.90 and its 200-day simple moving average is $21.72.

Cadeler A/S (NYSE:CDLR) last announced its quarterly earnings results on Wednesday, March 25th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.23. The business had revenue of $196.49 million for the quarter, compared to analyst estimates of $170.48 million. Cadeler A/S had a net margin of 45.35% and a return on equity of 20.60%.

Institutional Investors Weigh In On Cadeler A/S

A number of large investors have recently modified their holdings of the stock. Invesco Ltd. boosted its stake in shares of Cadeler A/S by 50.0% during the 4th quarter. Invesco Ltd. now owns 644,239 shares of the company’s stock valued at $11,976,000 after purchasing an additional 214,683 shares in the last quarter. Valueworks LLC boosted its stake in shares of Cadeler A/S by 0.3% during the 4th quarter. Valueworks LLC now owns 529,584 shares of the company’s stock valued at $9,845,000 after purchasing an additional 1,791 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Cadeler A/S by 30.7% during the 2nd quarter. Marshall Wace LLP now owns 85,440 shares of the company’s stock valued at $1,698,000 after purchasing an additional 20,079 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Cadeler A/S by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,547 shares of the company’s stock valued at $1,498,000 after purchasing an additional 985 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Cadeler A/S during the 4th quarter valued at about $984,000. Institutional investors own 53.03% of the company’s stock.

Cadeler A/S Company Profile

Cadeler A/S is a Denmark-based specialist in offshore wind turbine installation and related services. The company operates a fleet of dynamically positioned (DP3) self-propelled jack-up vessels designed for the transportation, installation and commissioning of foundation structures, turbine towers, nacelles and blades. Cadeler’s capabilities encompass project planning, logistics coordination and offshore operations, enabling wind farm developers to deploy large-scale turbines in challenging marine environments.

The company’s two flagship vessels, Wind Orca and Wind Osprey, are equipped to work in water depths of up to 70 meters and to handle the installation of next-generation turbines.