Cadeler A/S (NYSE:CDLR) Stock Price Down 8% – Here’s What Happened

Cadeler A/S Sponsored ADR (NYSE:CDLR) shares fell 8% during trading on Tuesday . The stock traded as low as $25.60 and last traded at $26.2550. 152,004 shares were traded during mid-day trading, an increase of 46% from the average session volume of 104,157 shares. The stock had previously closed at $28.54.

Analyst Ratings Changes

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

Cadeler A/S Price Performance

The company has a debt-to-equity ratio of 1.00, a current ratio of 1.11 and a quick ratio of 1.10. The stock has a 50 day moving average price of $25.59 and a 200-day moving average price of $22.44. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 7.37 and a beta of 0.68.

Cadeler A/S (NYSE:CDLR) last issued 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 firm had revenue of $196.49 million for the quarter, compared to analyst estimates of $170.48 million. Cadeler A/S had a return on equity of 20.60% and a net margin of 45.35%.

Hedge Funds Weigh In On Cadeler A/S

A number of institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in Cadeler A/S by 50.0% during the fourth quarter. Invesco Ltd. now owns 644,239 shares of the company’s stock worth $11,976,000 after buying an additional 214,683 shares in the last quarter. Valueworks LLC lifted its position in Cadeler A/S by 0.3% during the fourth quarter. Valueworks LLC now owns 529,584 shares of the company’s stock worth $9,845,000 after buying an additional 1,791 shares in the last quarter. Marshall Wace LLP lifted its position in Cadeler A/S by 30.7% during the second quarter. Marshall Wace LLP now owns 85,440 shares of the company’s stock worth $1,698,000 after buying an additional 20,079 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Cadeler A/S by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 72,547 shares of the company’s stock worth $1,498,000 after buying an additional 985 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in Cadeler A/S during the fourth quarter worth approximately $984,000. Hedge funds and other 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.