Cadeler A/S (NYSE:CDLR) Shares Climb 6.1% – Here’s Why

Shares of Cadeler A/S Sponsored ADR (NYSE:CDLR) were up 6.1% on Wednesday. The company traded as high as $24.33 and last traded at $24.08. 13,421 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 93,860 shares. The stock had previously closed at $22.69.

Wall Street Analyst Weigh In

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

Cadeler A/S Price Performance

The business’s 50 day moving average is $23.73 and its two-hundred day moving average is $24.21. 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 firm has a market capitalization of $2.37 billion, a PE ratio of 9.77 and a beta of 0.75.

Cadeler A/S (NYSE:CDLR) last posted its quarterly earnings results on Tuesday, August 25th. The company reported $1.16 EPS 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 firm had revenue of $322.76 million during the quarter, compared to analyst estimates of $280.45 million.

Hedge Funds Weigh In On Cadeler A/S

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of Cadeler A/S by 157.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,741 shares of the company’s stock valued at $38,000 after purchasing an additional 1,064 shares during the last quarter. QRG Capital Management Inc. increased its position in Cadeler A/S by 40.1% during the 2nd 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 in the last quarter. Renaissance Technologies LLC bought a new stake in Cadeler A/S during the 1st quarter valued at about $271,000. Cetera Investment Advisers increased its holdings in shares of Cadeler A/S by 25.4% in the 1st quarter. Cetera Investment Advisers now owns 33,250 shares of the company’s stock worth $782,000 after purchasing an additional 6,741 shares in the last quarter. Finally, Blue Trust Inc. bought a new position in Cadeler A/S during the 1st quarter valued at about $42,000. 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 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.