Cadeler A/S (NYSE:CDLR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cadeler A/S (NYSE:CDLR) from a sell rating to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Cadeler A/S in a report on Tuesday, August 18th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Cadeler A/S has a consensus rating of “Hold”.

Cadeler A/S Price Performance

CDLR opened at $24.96 on Friday. Cadeler A/S has a 12-month low of $15.37 and a 12-month high of $30.01. 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 business’s fifty day simple moving average is $22.98 and its 200-day simple moving average is $24.48. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 9.94 and a beta of 0.66.

Cadeler A/S (NYSE:CDLR) last announced its quarterly earnings results on Tuesday, August 25th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.95 by $0.21. The firm had revenue of $322.76 million for the quarter, compared to analyst estimates of $280.45 million. Cadeler A/S had a return on equity of 12.58% and a net margin of 27.45%.

Institutional Trading of Cadeler A/S

A number of hedge funds have recently bought and sold shares of CDLR. Invesco Ltd. increased its holdings in shares of Cadeler A/S by 50.0% in the 4th quarter. Invesco Ltd. now owns 644,239 shares of the company’s stock valued at $11,976,000 after acquiring an additional 214,683 shares during the period. Valueworks LLC raised its position in shares of Cadeler A/S by 0.3% in the 4th quarter. Valueworks LLC now owns 529,584 shares of the company’s stock worth $9,845,000 after acquiring an additional 1,791 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Cadeler A/S by 30.7% during the 2nd quarter. Marshall Wace LLP now owns 85,440 shares of the company’s stock worth $1,698,000 after purchasing an additional 20,079 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Cadeler A/S by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,547 shares of the company’s stock worth $1,498,000 after purchasing an additional 985 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Cadeler A/S during the 4th quarter worth $984,000. 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 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.