Cadeler A/S (NYSE:CDLR) Stock Price Down 0.1% – Should You Sell?

Cadeler A/S Sponsored ADR (NYSE:CDLR) shares dropped 0.1% during mid-day trading on Wednesday . The company traded as low as $24.51 and last traded at $24.7250. Approximately 47,576 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 90,541 shares. The stock had previously closed at $24.75.

Analysts Set New Price Targets

CDLR has been the subject of several research analyst reports. Pareto Securities upgraded Cadeler A/S to a “hold” rating in a research note on Tuesday, November 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadeler A/S in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Cadeler A/S Stock Performance

The company has a fifty day moving average of $23.79 and a two-hundred day moving average of $20.84. The stock has a market capitalization of $2.17 billion, a P/E ratio of 7.24 and a beta of 0.13. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.07 and a quick ratio of 1.06.

Institutional Investors Weigh In On Cadeler A/S

Institutional investors have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC bought a new position in Cadeler A/S during the fourth quarter worth $214,000. Jane Street Group LLC bought a new stake in Cadeler A/S during the fourth quarter valued at $206,000. Barclays PLC bought a new stake in Cadeler A/S during the fourth quarter valued at $119,000. Bank of America Corp DE raised 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 worth $82,000 after purchasing an additional 597 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Cadeler A/S by 45.2% in the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock worth $43,000 after buying an additional 675 shares during the last quarter. 53.03% of the stock is currently owned by 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.