Cadeler A/S (NYSE:CDLR) Reaches New 52-Week High - Should You Buy?

Key Points

• Cadeler's ADR hit a new 52-week high of $28.57 and last traded around $28.12, trading above its 50-day and 200-day moving averages of $24.90 and $21.74 respectively.
• The company reported strong quarterly results with EPS of $0.65 (beating estimates by $0.23) and revenue of $196.5M versus $170.5M expected, delivering a 45.35% net margin and 20.6% return on equity.
• Analysts maintain a consensus Hold rating on CDLR, while institutional investors own about 53% of the stock and firms like Invesco boosted their positions (Invesco up 50%).

Cadeler A/S Sponsored ADR (NYSE:CDLR - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as $28.57 and last traded at $28.12, with a volume of 61535 shares traded. The stock had previously closed at $28.24.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CDLR shares. Fearnley Fonds raised shares of Cadeler A/S to a "hold" rating in a research note on Monday, March 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cadeler A/S in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Cadeler A/S currently has a consensus rating of "Hold".

Cadeler A/S Price Performance

The stock's fifty day moving average price is $24.90 and its 200-day moving average price is $21.74. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.11 and a quick ratio of 1.10. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 7.81 and a beta of 0.68.

Cadeler A/S (NYSE:CDLR - Get Free Report) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.23. Cadeler A/S had a net margin of 45.35% and a return on equity of 20.60%. The business had revenue of $196.49 million for the quarter, compared to analyst estimates of $170.48 million.

Institutional Investors Weigh In On Cadeler A/S

A number of large investors have recently made changes to their positions in the company. Invesco Ltd. raised its holdings in shares of Cadeler A/S by 50.0% during the fourth quarter. Invesco Ltd. now owns 644,239 shares of the company's stock valued at $11,976,000 after acquiring an additional 214,683 shares during the period. Valueworks LLC boosted its stake in shares of Cadeler A/S by 0.3% during the 4th quarter. Valueworks LLC now owns 529,584 shares of the company's stock valued at $9,845,000 after buying an additional 1,791 shares during the period. Marshall Wace LLP boosted its stake in shares of Cadeler A/S by 30.7% during the 2nd 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 period. JPMorgan Chase & Co. boosted its stake in shares of Cadeler A/S by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,547 shares of the company's stock valued at $1,498,000 after buying an additional 985 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Cadeler A/S during the 4th quarter valued at $984,000. 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 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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