Cadeler A/S (NYSE:CDLR) Sees Strong Trading Volume – Time to Buy?

Cadeler A/S Sponsored ADR (NYSE:CDLR) shares saw an uptick in trading volume on Wednesday . 95,408 shares changed hands during mid-day trading, a decline of 9% from the previous session’s volume of 105,234 shares.The stock last traded at $27.11 and had previously closed at $26.27.

Analyst Ratings Changes

Several brokerages have 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 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 MarketBeat, Cadeler A/S has an average rating of “Hold”.

Cadeler A/S Stock Up 3.7%

The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 7.56 and a beta of 0.68. 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 stock has a 50-day moving average of $25.64 and a 200-day moving average of $22.49.

Cadeler A/S (NYSE:CDLR) last announced its earnings results on Wednesday, May 20th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.24). Cadeler A/S had a net margin of 45.35% and a return on equity of 20.60%. The business had revenue of $144.38 million for the quarter, compared to the consensus estimate of $174.30 million.

Institutional Investors Weigh In On Cadeler A/S

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in Cadeler A/S in the second quarter valued at about $34,000. Blue Trust Inc. acquired a new position in shares of Cadeler A/S in the 1st quarter worth approximately $42,000. Rhumbline Advisers raised its holdings in shares of Cadeler A/S by 45.2% in the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock worth $43,000 after buying an additional 675 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Cadeler A/S by 10,418.8% in the 2nd quarter. Bank of America Corp DE now owns 3,366 shares of the company’s stock worth $67,000 after buying an additional 3,334 shares in the last quarter. Finally, Barclays PLC acquired a new position in shares of Cadeler A/S in the 4th quarter worth approximately $119,000. 53.03% of the stock is owned by institutional investors and hedge funds.

About Cadeler A/S

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.