Cadeler A/S (NYSE:CDLR) Shares Gap Up - Here's What Happened

Key Points

• Cadeler shares opened higher, rising from a previous close of $21.75 to $22.34 before last trading at $21.4540.
• Analyst sentiment remains cautious: three analysts rate the stock “Hold,” despite recent rating upgrades from Wall Street Zen and Weiss Ratings.
• Cadeler exceeded quarterly expectations, reporting $1.16 in EPS versus $0.95 expected and revenue of $322.76 million compared with estimates of $280.45 million; institutional investors own 53.03% of the company.

Cadeler A/S Sponsored ADR (NYSE:CDLR - Get Free Report) shares gapped up prior to trading on Wednesday. The stock had previously closed at $21.75, but opened at $22.34. Cadeler A/S shares last traded at $21.4540, with a volume of 73,559 shares traded.

Analysts Set New Price Targets

Several brokerages have commented on CDLR. Wall Street Zen upgraded 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 analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Cadeler A/S currently has a consensus rating of "Hold".

Cadeler A/S Stock Performance

The firm has a fifty day simple moving average of $23.88 and a 200 day simple moving average of $24.24. The company has a current ratio of 1.62, a quick ratio of 1.61 and a debt-to-equity ratio of 0.83. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 8.48 and a beta of 0.75.

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

Hedge Funds Weigh In On Cadeler A/S

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in shares of 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 acquiring an additional 1,064 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Cadeler A/S by 40.1% in the 2nd quarter. QRG Capital Management Inc. now owns 14,438 shares of the company's stock worth $316,000 after buying an additional 4,129 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Cadeler A/S during the first quarter valued at $271,000. Cetera Investment Advisers grew its stake 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. Finally, Blue Trust Inc. acquired a new stake in Cadeler A/S during the 1st quarter valued at $42,000. Institutional investors and hedge funds own 53.03% of the company's stock.

Cadeler A/S Company Profile

Cadeler A/S is a Denmark-based provider of offshore wind installation and marine services. The company operates specialized jack-up vessels designed to transport and install offshore wind turbine components, foundations, and substations. Its services support the construction, maintenance, and decommissioning of offshore wind farms.

Cadeler serves offshore wind developers, turbine manufacturers, and engineering and construction contractors across major offshore wind markets. Its activities have focused primarily on Europe, with operations and project opportunities also extending to the Asia-Pacific region and the United States.

The company traces its roots to Swire Blue Ocean, which was established to provide installation services for offshore wind projects and later became Cadeler.

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