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

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s share price hit a new 52-week high on Monday . The company traded as high as $30.01 and last traded at $29.7410, with a volume of 22079 shares changing hands. The stock had previously closed at $29.57.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CDLR. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadeler A/S in a report on Wednesday, January 21st. Fearnley Fonds upgraded Cadeler A/S to a “hold” rating in a report on Monday, March 23rd. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Cadeler A/S Stock Down 0.4%

The firm has a 50-day simple moving average of $25.07 and a 200 day simple moving average of $21.94. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.11 and a quick ratio of 1.10. The company has a market capitalization of $2.58 billion, a PE ratio of 8.18 and a beta of 0.68.

Cadeler A/S (NYSE:CDLR) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.42 by $0.23. Cadeler A/S had a return on equity of 20.60% and a net margin of 45.35%.The company had revenue of $196.49 million for the quarter, compared to analyst estimates of $170.48 million.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its position in Cadeler A/S by 17.7% in the third quarter. Bank of America Corp DE now owns 3,963 shares of the company’s stock valued at $82,000 after purchasing an additional 597 shares during the period. Rhumbline Advisers increased its position in shares of Cadeler A/S by 45.2% during the first quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock worth $43,000 after acquiring an additional 675 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Cadeler A/S by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 72,547 shares of the company’s stock worth $1,498,000 after acquiring an additional 985 shares during the last quarter. Steinberganna Wealth Management increased its position in shares of 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 acquiring an additional 1,047 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Cadeler A/S during the second quarter worth about $34,000. 53.03% of the stock is owned by hedge funds and other institutional investors.

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.