Cadeler A/S (NYSE:CDLR) Hits New 1-Year High – What’s Next?

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $26.48 and last traded at $26.5630, with a volume of 5159 shares traded. The stock had previously closed at $25.90.

Analyst Ratings Changes

Several brokerages recently weighed in on CDLR. Pareto Securities raised Cadeler A/S to a “hold” rating in a research note on Tuesday, November 18th. Weiss Ratings restated a “hold (c)” rating on shares of Cadeler A/S in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Cadeler A/S presently has an average rating of “Hold”.

Cadeler A/S Trading Up 0.9%

The stock has a 50-day moving average of $21.88 and a two-hundred day moving average of $20.41. The company has a market cap of $2.34 billion, a P/E ratio of 7.78 and a beta of 0.19. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.06 and a current ratio of 1.07.

Hedge Funds Weigh In On Cadeler A/S

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Cadeler A/S during the 2nd quarter valued at about $34,000. Rhumbline Advisers lifted its stake in shares of Cadeler A/S by 45.2% in the first quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock worth $43,000 after buying an additional 675 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Cadeler A/S by 10,418.8% during the second quarter. Bank of America Corp DE now owns 3,366 shares of the company’s stock valued at $67,000 after buying an additional 3,334 shares during the last quarter. Barclays PLC bought a new stake in shares of Cadeler A/S during the fourth quarter valued at approximately $119,000. Finally, Steinberganna Wealth Management purchased a new position in Cadeler A/S in the 3rd quarter worth approximately $214,000. Institutional investors own 53.03% of the company’s stock.

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.