Cadeler A/S (NYSE:CDLR) Shares Gap Down - Time to Sell?

Key Points

• Cadeler shares dropped sharply, opening at $26.99 versus the prior close of $28.76 and later trading at $26.10.
• Analysts remain cautious but have recently become less negative: three analysts rate the stock Hold, while ratings were upgraded from Sell to Hold and Hold (C) to Hold (C+).
• The company reported a strong quarter, with EPS of $1.16 versus the $0.95 estimate and revenue of $322.76 million versus the $280.45 million consensus. Institutional investors own 53.03% of the stock.

Cadeler A/S Sponsored ADR (NYSE:CDLR - Get Free Report) shares gapped down prior to trading on Tuesday. The stock had previously closed at $28.76, but opened at $26.99. Cadeler A/S shares last traded at $26.10, with a volume of 27,538 shares.

Wall Street Analyst Weigh In

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

Cadeler A/S Price Performance

The company has a market cap of $2.47 billion, a price-to-earnings ratio of 10.20 and a beta of 0.75. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.62 and a quick ratio of 1.61. The company's 50-day simple moving average is $24.17 and its 200-day simple moving average is $24.28.

Cadeler A/S (NYSE:CDLR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The company reported $1.16 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $280.45 million.

Institutional Trading of Cadeler A/S

Several large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC acquired a new position in Cadeler A/S during the 1st quarter worth $271,000. QRG Capital Management Inc. acquired a new position in Cadeler A/S during the 1st quarter valued at $243,000. Cetera Investment Advisers raised its stake in Cadeler A/S by 25.4% during the 1st quarter. Cetera Investment Advisers now owns 33,250 shares of the company's stock valued at $782,000 after purchasing an additional 6,741 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Cadeler A/S by 157.2% during the 3rd 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 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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