Cadeler A/S's (CDLR) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Cadeler A/S's stock rating was reiterated as "Hold (C)" by Weiss Ratings, while Wall Street Zen downgraded it from a "buy" to a "hold" rating.
• The company's stock increased by 1.2% to $21.14, with a current market capitalization of $1.86 billion.
• Cadeler A/S reported earnings of $2.12 per share for the quarter, significantly exceeding the consensus estimate of $0.61.

Cadeler A/S (NYSE:CDLR - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered shares of Cadeler A/S from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

Cadeler A/S Stock Up 1.2%

Shares of NYSE CDLR traded up $0.24 during trading on Wednesday, reaching $21.14. 61,547 shares of the stock were exchanged, compared to its average volume of 57,150. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 7.09 and a beta of 0.26. The business's 50-day moving average price is $20.99 and its 200 day moving average price is $20.62. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.73. Cadeler A/S has a twelve month low of $17.36 and a twelve month high of $28.65.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. TT International Asset Management LTD raised its holdings in shares of Cadeler A/S by 5.8% in the first quarter. TT International Asset Management LTD now owns 250,202 shares of the company's stock valued at $4,919,000 after buying an additional 13,806 shares during the last quarter. Yaupon Capital Management LP boosted its stake in shares of Cadeler A/S by 17.7% in the 1st quarter. Yaupon Capital Management LP now owns 134,950 shares of the company's stock valued at $2,653,000 after purchasing an additional 20,309 shares during the last quarter. Valueworks LLC increased its stake in shares of Cadeler A/S by 22.1% in the 1st quarter. Valueworks LLC now owns 532,438 shares of the company's stock valued at $10,468,000 after acquiring an additional 96,508 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Cadeler A/S by 288.5% in the 1st quarter. GAMMA Investing LLC now owns 9,024 shares of the company's stock valued at $177,000 after acquiring an additional 6,701 shares during the last quarter. Finally, Rhumbline Advisers grew 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 valued at $43,000 after purchasing an additional 675 shares during the period. 53.03% of the stock is owned by institutional investors.

Cadeler A/S Company Profile

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.

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