Cadeler A/S (NYSE:CDLR) Stock Jumps 6.1% – What’s Next?

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

Analyst Ratings Changes

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

Cadeler A/S Price Performance

The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 9.77 and a beta of 0.75. 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 stock has a 50-day moving average price of $23.73 and a two-hundred day moving average price of $24.21.

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

Institutional Trading of Cadeler A/S

Several institutional investors have recently modified their holdings of CDLR. GAMMA Investing LLC lifted its position in shares of 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 acquiring an additional 1,064 shares in the last quarter. Blue Trust Inc. purchased a new stake in Cadeler A/S in the 1st quarter valued at about $42,000. QRG Capital Management Inc. purchased a new position in shares of Cadeler A/S during the 1st quarter worth approximately $243,000. Renaissance Technologies LLC acquired a new stake in shares of Cadeler A/S in the first quarter valued at $271,000. Finally, Cetera Investment Advisers boosted its position 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 buying an additional 6,741 shares during the period. Institutional investors and hedge funds own 53.03% of the company’s stock.

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.