Cadeler A/S (NYSE:CDLR) Shares Down 1.7% - Should You Sell?

Key Points

• Cadeler shares fell 1.7% to $25.52 on lower-than-average trading volume, while the company’s market capitalization stood at approximately $2.46 billion.
• The company exceeded quarterly expectations, reporting EPS of $1.16 versus $0.95 expected and revenue of $322.76 million compared with estimates of $280.45 million.
• Analyst sentiment remains cautious but stable: three analysts rate the stock Hold, and institutional investors and hedge funds own 53.03% of outstanding shares.

Cadeler A/S Sponsored ADR (NYSE:CDLR - Get Free Report)'s stock price traded down 1.7% on Tuesday . The company traded as low as $25.20 and last traded at $25.52. Approximately 40,955 shares changed hands during trading, a decline of 36% from the average daily volume of 63,718 shares. The stock had previously closed at $25.97.

Analyst Ratings Changes

Several research analysts recently commented on CDLR shares. Wall Street Zen upgraded shares of Cadeler A/S from a "sell" rating to a "hold" rating in a report on Saturday, August 29th. Weiss Ratings upgraded shares of Cadeler A/S from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, September 1st. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Cadeler A/S currently has a consensus rating of "Hold".

Cadeler A/S Stock Down 1.7%

The firm has a market capitalization of $2.46 billion, a P/E ratio of 10.17 and a beta of 0.68. The firm's 50 day moving average is $23.99 and its two-hundred day moving average is $24.42. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.62 and a quick ratio of 1.61.

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 (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.21. The firm had revenue of $322.76 million for the quarter, compared to analyst estimates of $280.45 million. Cadeler A/S had a net margin of 27.45% and a return on equity of 12.58%.

Institutional Investors Weigh In On Cadeler A/S

Several hedge funds have recently bought and sold shares of CDLR. Cetera Investment Advisers increased its position in Cadeler A/S by 25.4% during the first quarter. Cetera Investment Advisers now owns 33,250 shares of the company's stock worth $782,000 after buying an additional 6,741 shares during the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Cadeler A/S during the 4th quarter worth approximately $236,000. Renaissance Technologies LLC bought a new stake in Cadeler A/S in the 1st quarter valued at $271,000. QRG Capital Management Inc. bought a new stake in Cadeler A/S in the 1st quarter valued at $243,000. Finally, Blue Trust Inc. bought a new stake in Cadeler A/S in the 1st quarter valued at $42,000. 53.03% of the stock is currently owned by institutional investors and hedge funds.

About Cadeler A/S

Cadeler A/S is a Denmark-based offshore wind installation company that provides specialized marine services for the construction and maintenance of offshore wind farms. Its operations support the transportation, installation and removal of wind turbine components, foundations and other large offshore structures.

The company operates a fleet of self-propelled jack-up installation vessels and related equipment designed to handle heavy components in challenging marine environments. Cadeler serves offshore wind developers, turbine manufacturers and engineering, procurement and construction contractors, providing vessel chartering, project execution and installation services.

Cadeler was established in 2008 and has expanded its capabilities through fleet development and corporate acquisitions, including the combination with Eneti.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.