Cadeler A/S (NYSE:CDLR) Stock Price Down 11.8% - Time to Sell?

Key Points

• Cadeler shares fell 11.8% in Friday’s mid-day trading, dropping from a previous close of $7.40 to about $6.53.
• Analyst sentiment remains cautious: three analysts rate the stock Hold, and recent rating changes upgraded it from Sell to Hold and from Hold to a slightly higher Hold grade.
• Latest quarterly results beat estimates: earnings were $1.16 per share versus $0.95 expected, while revenue reached $322.76 million against forecasts of $280.45 million.

Cadeler A/S Sponsored ADR (NYSE:CDLR - Get Free Report) shares fell 11.8% during mid-day trading on Friday. The company traded as low as $6.63 and last traded at $6.5270. 100,001 shares changed hands during trading, a decline of 8% from the average session volume of 108,367 shares. The stock had previously closed at $7.40.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CDLR shares. 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 analysts have rated the stock with a Hold rating. According to MarketBeat, the stock currently has a consensus rating of "Hold".

Cadeler A/S Price Performance

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 $23.84 and its 200-day simple moving average is $24.25. The company has a market cap of $636.10 million, a price-to-earnings ratio of 2.63 and a beta of 0.54.

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

Institutional Trading of Cadeler A/S

Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake 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 during the last quarter. QRG Capital Management Inc. lifted its position 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 during the last quarter. Renaissance Technologies LLC bought a new position in shares of Cadeler A/S in the 1st quarter worth about $271,000. Finally, Cetera Investment Advisers lifted its position in shares of 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 buying an additional 6,741 shares during the last quarter. 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 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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