Cadeler A/S (NYSE:CDLR) Shares Climb 6.4% – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Cadeler A/S Price Performance

The company has a current ratio of 1.62, a quick ratio of 1.61 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average price of $24.10 and a 200 day moving average price of $24.24. The company has a market capitalization of $2.78 billion, a P/E ratio of 11.46 and a beta of 0.75.

Cadeler A/S (NYSE:CDLR) last posted its earnings results on Tuesday, August 25th. The company reported $1.16 earnings per share 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 analyst estimates of $280.45 million.

Hedge Funds Weigh In On Cadeler A/S

Several institutional investors and hedge funds have recently modified their holdings of CDLR. Cetera Investment Advisers raised 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 purchasing an additional 6,741 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Cadeler A/S by 40.1% during the 2nd quarter. QRG Capital Management Inc. now owns 14,438 shares of the company’s stock worth $316,000 after buying an additional 4,129 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Cadeler A/S during the 1st quarter worth about $271,000. Blue Trust Inc. acquired a new position in Cadeler A/S in the 1st quarter valued at about $42,000. Finally, GAMMA Investing LLC grew its stake in Cadeler A/S by 157.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,741 shares of the company’s stock valued at $38,000 after buying an additional 1,064 shares during the last quarter. 53.03% of the stock is currently owned by institutional investors and hedge funds.

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.