Cadeler A/S (NYSE:CDLR) Sets New 12-Month High – Here’s Why

Cadeler A/S Sponsored ADR (NYSE:CDLR) reached a new 52-week high during trading on Monday . The company traded as high as $23.17 and last traded at $22.6860, with a volume of 105546 shares traded. The stock had previously closed at $21.67.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Pareto Securities upgraded Cadeler A/S to a “hold” rating in a research report on Tuesday, November 18th. Wall Street Zen downgraded shares of Cadeler A/S from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cadeler A/S in a research report on Wednesday. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Cadeler A/S presently has an average rating of “Hold”.

Cadeler A/S Price Performance

The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 6.59 and a beta of 0.22. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.82. The company’s fifty day moving average is $18.86 and its two-hundred day moving average is $19.86.

Institutional Trading of Cadeler A/S

A number of institutional investors and hedge funds have recently modified their holdings of CDLR. Steinberganna Wealth Management raised its position in shares of Cadeler A/S by 10.1% in the 4th quarter. Steinberganna Wealth Management now owns 11,431 shares of the company’s stock valued at $213,000 after acquiring an additional 1,047 shares during the period. JPMorgan Chase & Co. increased its stake in Cadeler A/S by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 72,547 shares of the company’s stock valued at $1,498,000 after purchasing an additional 985 shares in the last quarter. Bank of America Corp DE raised its holdings in Cadeler A/S by 17.7% in the third quarter. Bank of America Corp DE now owns 3,963 shares of the company’s stock worth $82,000 after purchasing an additional 597 shares during the period. Invesco Ltd. boosted its position in shares of Cadeler A/S by 87.4% during the third quarter. Invesco Ltd. now owns 429,556 shares of the company’s stock worth $8,870,000 after purchasing an additional 200,316 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Cadeler A/S in the 2nd quarter valued at $34,000. 53.03% of the stock is owned by institutional investors.

About Cadeler A/S

Cadeler A/S is a Denmark-based specialist in offshore wind turbine installation and related services. The company operates a fleet of dynamically positioned (DP3) self-propelled jack-up vessels designed for the transportation, installation and commissioning of foundation structures, turbine towers, nacelles and blades. Cadeler’s capabilities encompass project planning, logistics coordination and offshore operations, enabling wind farm developers to deploy large-scale turbines in challenging marine environments.

The company’s two flagship vessels, Wind Orca and Wind Osprey, are equipped to work in water depths of up to 70 meters and to handle the installation of next-generation turbines.