Wall Street Zen Upgrades Cadeler A/S (NYSE:CDLR) to Buy

Key Points

• Analysts at Wall Street Zen upgraded Cadeler A/S from a "hold" rating to a "buy" rating.
• Cadeler A/S reported a strong earnings performance with an EPS of $2.12, exceeding estimates of $0.61, and a revenue of $136.09 million.
• Recent institutional investments have increased significantly, with notable increases from firms such as Bank of America Corp DE and Rhumbline Advisers, indicating growing confidence in the company's prospective growth.

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

Cadeler A/S Trading Up 0.1%

Shares of Cadeler A/S stock traded up $0.02 during midday trading on Friday, reaching $20.50. 50,294 shares of the company's stock traded hands, compared to its average volume of 56,539. The stock has a 50 day moving average of $20.85 and a 200-day moving average of $20.25. Cadeler A/S has a 12 month low of $17.36 and a 12 month high of $28.75. The company has a market cap of $1.80 billion, a PE ratio of 6.88 and a beta of 0.28. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.17 and a current ratio of 0.99.

Cadeler A/S (NYSE:CDLR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $1.51. Cadeler A/S had a net margin of 50.69% and a return on equity of 19.18%. The business had revenue of $136.09 million for the quarter, compared to the consensus estimate of $128.33 million. As a group, equities analysts expect that Cadeler A/S will post 0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CDLR. Rhumbline Advisers raised 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 acquiring an additional 675 shares in the last quarter. Raymond James Financial Inc. bought a new position in Cadeler A/S in the second quarter worth $34,000. Stifel Financial Corp raised its holdings in Cadeler A/S by 27.7% in the fourth quarter. Stifel Financial Corp now owns 15,130 shares of the company's stock worth $338,000 after purchasing an additional 3,284 shares in the last quarter. Bank of America Corp DE lifted its position in 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 period. Finally, GAMMA Investing LLC boosted its holdings in shares of Cadeler A/S by 288.5% during the 1st quarter. GAMMA Investing LLC now owns 9,024 shares of the company's stock valued at $177,000 after buying an additional 6,701 shares in the last quarter. Hedge funds and other institutional investors own 53.03% of the company's stock.

About Cadeler A/S

Cadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. It also provides wind farm construction, maintenance, decommissioning, and other tasks within the offshore industry, as well as marine and engineering services. The company owns and operates four offshore jack-up windfarm installation vessels.