Cadeler A/S Sponsored ADR (NYSE:CDLR – Get Free Report) shares gapped up before the market opened on Wednesday. The stock had previously closed at $21.75, but opened at $22.34. Cadeler A/S shares last traded at $21.4540, with a volume of 73,559 shares.
Wall Street Analysts Forecast Growth
CDLR has been the topic of several recent analyst reports. Weiss Ratings upgraded 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 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”.
Read Our Latest Analysis on CDLR
Cadeler A/S Trading Down 2.0%
Cadeler A/S (NYSE:CDLR – Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.21. Cadeler A/S had a net margin of 27.45% and a return on equity of 12.58%. The business had revenue of $322.76 million for the quarter, compared to analysts’ expectations of $280.45 million.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in shares of Cadeler A/S by 157.2% during the third 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 period. QRG Capital Management Inc. boosted 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 acquiring 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 approximately $271,000. Cetera Investment Advisers grew its holdings in shares of Cadeler A/S by 25.4% during the 1st quarter. Cetera Investment Advisers now owns 33,250 shares of the company’s stock worth $782,000 after acquiring an additional 6,741 shares during the period. Finally, Blue Trust Inc. purchased a new position in shares of Cadeler A/S during the 1st quarter worth approximately $42,000. 53.03% of the stock is owned by institutional investors.
Cadeler A/S Company Profile
Cadeler A/S is a Denmark-based provider of offshore wind installation and marine services. The company operates specialized jack-up vessels designed to transport and install offshore wind turbine components, foundations, and substations. Its services support the construction, maintenance, and decommissioning of offshore wind farms.
Cadeler serves offshore wind developers, turbine manufacturers, and engineering and construction contractors across major offshore wind markets. Its activities have focused primarily on Europe, with operations and project opportunities also extending to the Asia-Pacific region and the United States.
The company traces its roots to Swire Blue Ocean, which was established to provide installation services for offshore wind projects and later became Cadeler.
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