Cadeler A/S (NYSE:CDLR) Shares Gap Up – What’s Next?

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $21.75, but opened at $22.34. Cadeler A/S shares last traded at $21.4540, with a volume of 73,559 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wall Street Zen raised Cadeler A/S from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings raised Cadeler A/S from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Three investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Cadeler A/S Stock Up 0.3%

The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 8.49 and a beta of 0.75. The business has a fifty day moving average of $23.82 and a 200 day moving average of $24.23. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.62 and a quick ratio of 1.61.

Cadeler A/S (NYSE:CDLR) last posted its 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. The firm had revenue of $322.76 million during the quarter, compared to analysts’ expectations of $280.45 million. Cadeler A/S had a net margin of 27.45% and a return on equity of 12.58%.

Institutional Investors Weigh In On Cadeler A/S

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in Cadeler A/S by 157.2% in the third quarter. GAMMA Investing LLC now owns 1,741 shares of the company’s stock worth $38,000 after purchasing an additional 1,064 shares in the last quarter. Blue Trust Inc. bought a new position in Cadeler A/S during the first quarter valued at about $42,000. QRG Capital Management Inc. raised its holdings in Cadeler A/S by 40.1% during the second quarter. QRG Capital Management Inc. now owns 14,438 shares of the company’s stock valued at $316,000 after buying an additional 4,129 shares in the last quarter. Cetera Investment Advisers raised its holdings in Cadeler A/S by 25.4% during the first 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 in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Cadeler A/S in the first quarter worth about $271,000. Institutional investors and hedge funds own 53.03% of the company’s stock.

Cadeler A/S Company Profile

Cadeler A/S is a Denmark-based provider of offshore wind installation and marine services. The company operates specialized jack-up vessels designed to transport and install offshore wind turbine components, foundations, and substations. Its services support the construction, maintenance, and decommissioning of offshore wind farms.

Cadeler serves offshore wind developers, turbine manufacturers, and engineering and construction contractors across major offshore wind markets. Its activities have focused primarily on Europe, with operations and project opportunities also extending to the Asia-Pacific region and the United States.

The company traces its roots to Swire Blue Ocean, which was established to provide installation services for offshore wind projects and later became Cadeler.