Cadeler A/S Sponsored ADR (NYSE:CDLR – Get Free Report)’s stock price reached a new 52-week high on Monday. The company traded as high as $30.99 and last traded at $31.2260, with a volume of 68,698 shares trading hands. The stock had previously closed at $28.76.
Analyst Ratings Changes
Several brokerages have issued reports on CDLR. Wall Street Zen raised shares of Cadeler A/S from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. 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. Three investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, Cadeler A/S currently has an average rating of “Hold”.
View Our Latest Report on CDLR
Cadeler A/S Price Performance
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 company has a market cap of $2.52 billion, a price-to-earnings ratio of 10.49 and a beta of 0.54. The company’s 50 day moving average price is $24.20 and its 200 day moving average price is $24.30.
Cadeler A/S (NYSE:CDLR – Get Free Report) last released its quarterly earnings results on Tuesday, August 25th. The company reported $1.16 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $280.45 million.
Institutional Investors Weigh In On Cadeler A/S
Several institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in Cadeler A/S by 157.2% in the third 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 in the last quarter. QRG Capital Management Inc. acquired a new position in shares of Cadeler A/S in the first quarter valued at $243,000. Renaissance Technologies LLC bought a new position in shares of Cadeler A/S during the first quarter worth approximately $271,000. Finally, Cetera Investment Advisers raised its holdings in Cadeler A/S by 25.4% in the 1st quarter. Cetera Investment Advisers now owns 33,250 shares of the company’s stock valued at $782,000 after acquiring an additional 6,741 shares in the last quarter. 53.03% of the stock is owned by institutional investors.
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.
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