Cadeler A/S (NYSE:CDLR) Rating Increased to Hold at Wall Street Zen

Cadeler A/S (NYSE:CDLR - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

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

Cadeler A/S Trading Down 2.0%

Shares of NYSE:CDLR opened at $25.08 on Friday. The company has a market capitalization of $2.42 billion, a PE ratio of 9.99 and a beta of 0.66. The company has a current ratio of 1.62, a quick ratio of 1.29 and a debt-to-equity ratio of 0.83. Cadeler A/S has a 12-month low of $15.37 and a 12-month high of $30.01. The business's fifty day simple moving average is $22.93 and its 200-day simple moving average is $24.50.

Cadeler A/S (NYSE:CDLR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.21. Cadeler A/S had a return on equity of 12.58% and a net margin of 27.45%.The firm had revenue of $322.76 million during the quarter, compared to analysts' expectations of $280.45 million.

Institutional Trading of Cadeler A/S

Several hedge funds and other institutional investors have recently made changes to their positions in CDLR. Rhumbline Advisers boosted 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 purchasing an additional 675 shares in the last quarter. Cetera Investment Advisers acquired a new position in Cadeler A/S during the 2nd quarter valued at about $375,000. Invesco Ltd. purchased a new stake in Cadeler A/S in the second quarter valued at about $4,555,000. Marshall Wace LLP raised its stake in Cadeler A/S by 30.7% in the second quarter. Marshall Wace LLP now owns 85,440 shares of the company's stock valued at $1,698,000 after buying an additional 20,079 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Cadeler A/S in the second quarter worth about $34,000. Hedge funds and other 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.

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