Cadeler A/S (NYSE:CDLR) Sets New 52-Week High – Should You Buy?

Cadeler A/S Sponsored ADR (NYSE:CDLR) reached a new 52-week high on Monday . The stock traded as high as $23.17 and last traded at $22.6860, with a volume of 105546 shares. The stock had previously closed at $21.67.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CDLR shares. Wall Street Zen lowered Cadeler A/S from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Cadeler A/S in a report on Wednesday. Finally, Pareto Securities upgraded shares of Cadeler A/S to a “hold” rating in a report on Tuesday, November 18th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Cadeler A/S presently has an average rating of “Hold”.

Cadeler A/S Stock Up 4.0%

The company has a market capitalization of $1.98 billion, a P/E ratio of 6.59 and a beta of 0.22. The business’s fifty day moving average price is $18.86 and its 200 day moving average price is $19.86. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.82.

Institutional Trading of Cadeler A/S

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in shares of Cadeler A/S by 17.7% during the third quarter. Bank of America Corp DE now owns 3,963 shares of the company’s stock valued at $82,000 after acquiring an additional 597 shares during the period. Rhumbline Advisers lifted its holdings in Cadeler A/S by 45.2% during the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock valued at $43,000 after purchasing an additional 675 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Cadeler A/S by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 72,547 shares of the company’s stock valued at $1,498,000 after buying an additional 985 shares in the last quarter. Steinberganna Wealth Management grew its stake in Cadeler A/S by 10.1% during the fourth quarter. Steinberganna Wealth Management now owns 11,431 shares of the company’s stock worth $213,000 after buying an additional 1,047 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Cadeler A/S during the second quarter worth approximately $34,000. 53.03% of the stock is currently owned by institutional investors.

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.