Cadeler A/S (NYSE:CDLR) Shares Gap Down - What's Next?

Key Points

• Cadeler shares fell at the open, dropping from a previous close of $24.58 to $23.42 and last trading near $23.26.
• Analysts remain neutral: Weiss Ratings and Wall Street Zen upgraded their assessments to “hold,” while all three tracked analysts rate CDLR a Hold.
• Cadeler reported better-than-expected quarterly results, with EPS of $1.16 versus $0.95 expected and revenue of $322.76 million versus $280.45 million estimated. Institutional investors own approximately 53.03% of the company.

Shares of Cadeler A/S Sponsored ADR (NYSE:CDLR - Get Free Report) gapped down before the market opened on Friday. The stock had previously closed at $24.58, but opened at $23.42. Cadeler A/S shares last traded at $23.2580, with a volume of 1,302 shares traded.

Analyst Upgrades and Downgrades

CDLR has been the topic of several recent analyst reports. Weiss Ratings raised Cadeler A/S from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, September 1st. Wall Street Zen raised Cadeler A/S from a "sell" rating to a "hold" rating in a research report on Saturday, August 29th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Cadeler A/S has a consensus rating of "Hold".

Cadeler A/S Stock Up 0.3%

The firm has a market cap of $2.27 billion, a PE ratio of 9.37 and a beta of 0.68. 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 business has a 50-day moving average price of $24.00 and a two-hundred day moving average price of $24.42.

Cadeler A/S (NYSE:CDLR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.21. The company had revenue of $322.76 million during the quarter, compared to the consensus estimate of $280.45 million. Cadeler A/S had a net margin of 27.45% and a return on equity of 12.58%.

Hedge Funds Weigh In On Cadeler A/S

A number of hedge funds and other institutional investors have recently made changes to their positions in CDLR. Cetera Investment Advisers boosted its stake in shares of Cadeler A/S by 25.4% in the first quarter. Cetera Investment Advisers now owns 33,250 shares of the company's stock valued at $782,000 after buying an additional 6,741 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Cadeler A/S by 40.1% in the second quarter. QRG Capital Management Inc. now owns 14,438 shares of the company's stock valued at $316,000 after buying an additional 4,129 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Cadeler A/S in the first quarter valued at about $271,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Cadeler A/S during the 4th quarter valued at approximately $236,000. Finally, Blue Trust Inc. acquired a new stake in shares of Cadeler A/S during the 1st quarter valued at approximately $42,000. Hedge funds and other institutional investors own 53.03% of the company's stock.

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.

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