Cadeler A/S (NYSE:CDLR) Shares Up 6.4% - What's Next?

Key Points

• Cadeler shares rose 6.4% to approximately $28.39 during Friday trading, despite volume running 56% below the average daily level.
• Analysts remain cautious: three research firms rate the stock “Hold” on average, although Weiss Ratings and Wall Street Zen recently upgraded their assessments from lower ratings.
• Cadeler exceeded quarterly expectations, reporting $1.16 in EPS versus $0.95 expected and revenue of $322.76 million versus $280.45 million; institutional investors own 53.03% of the stock.

Shares of Cadeler A/S Sponsored ADR (NYSE:CDLR - Get Free Report) shot up 6.4% during trading on Friday. The company traded as high as $28.34 and last traded at $28.3890. 40,780 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 93,561 shares. The stock had previously closed at $26.69.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CDLR. 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 upgraded Cadeler A/S from a "sell" rating to a "hold" rating in a report on Saturday, August 29th. Three equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock has an average rating of "Hold".

Cadeler A/S Price Performance

The firm has a market capitalization of $2.77 billion, a P/E ratio of 11.44 and a beta of 0.75. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.61 and a current ratio of 1.62. The business has a 50 day simple moving average of $24.01 and a two-hundred day simple moving average of $24.20.

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 (EPS) 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

A number of large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new stake in shares of Cadeler A/S during the 1st quarter valued at $271,000. QRG Capital Management Inc. bought a new position in Cadeler A/S in the 1st quarter worth $243,000. Cetera Investment Advisers raised its holdings in 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 period. Blue Trust Inc. purchased a new position in Cadeler A/S during the first quarter valued at $42,000. Finally, GAMMA Investing LLC lifted its position in 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 in the last quarter. 53.03% of the stock is currently owned by institutional investors.

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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