Cadeler A/S (NYSE:CDLR) Hits New 1-Year High - Still a Buy?

Key Points

• Cadeler shares hit a new 52-week high, trading as high as $30.99 and last quoted around $31.23, up 3.6% from the prior close.
• The company reported stronger-than-expected quarterly results, with EPS of $1.16 versus the $0.95 estimate and revenue of $322.76 million compared with the $280.45 million consensus.
• Analyst sentiment remains cautious: three analysts rate the stock Hold, giving Cadeler an average “Hold” rating, despite institutional investors owning roughly 53% of its shares.

Cadeler A/S Sponsored ADR (NYSE:CDLR - Get Free Report)'s stock price reached a new 52-week high during trading on Monday. The stock traded as high as $30.99 and last traded at $31.2260, with a volume of 68,698 shares traded. The stock had previously closed at $28.76.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CDLR shares. Wall Street Zen raised Cadeler A/S from a "sell" rating to a "hold" rating in a report on Saturday, August 29th. Weiss Ratings raised Cadeler A/S from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, September 1st. Three equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

Cadeler A/S Stock Up 3.6%

The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 11.87 and a beta of 0.54. The company has a quick ratio of 1.61, a current ratio of 1.62 and a debt-to-equity ratio of 0.83. The firm has a fifty day moving average price of $24.10 and a 200-day moving average price of $24.24.

Cadeler A/S (NYSE:CDLR - Get Free Report) last posted its quarterly earnings results 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 net margin of 27.45% and a return on equity of 12.58%. The company had revenue of $322.76 million for the quarter, compared to the consensus estimate of $280.45 million.

Hedge Funds Weigh In On Cadeler A/S

Institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its position in shares of Cadeler A/S by 25.4% in the 1st quarter. Cetera Investment Advisers now owns 33,250 shares of the company's stock worth $782,000 after purchasing an additional 6,741 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Cadeler A/S by 40.1% during the 2nd quarter. QRG Capital Management Inc. now owns 14,438 shares of the company's stock valued at $316,000 after purchasing an additional 4,129 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Cadeler A/S in the 1st quarter worth approximately $271,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Cadeler A/S by 157.2% during the third quarter. GAMMA Investing LLC now owns 1,741 shares of the company's stock valued at $38,000 after purchasing an additional 1,064 shares during the last quarter. Institutional investors and hedge funds own 53.03% of the company's stock.

About Cadeler A/S

Cadeler A/S is a Denmark-based provider of offshore wind installation and marine support services. The company owns and operates specialized jack-up vessels designed to transport, install and service offshore wind turbines and their foundations.

Its fleet supports major offshore wind projects throughout Europe and other international markets, including the United States and Asia-Pacific. Cadeler provides vessel chartering, project execution and offshore logistics services for wind farm developers, turbine manufacturers and engineering contractors.

The company was established in 2012 as Swire Blue Ocean and later adopted the Cadeler name.

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