Cadeler A/S (NYSE:CDLR) Stock Price Down 8% – Here’s What Happened

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s share price fell 8% during trading on Tuesday . The company traded as low as $25.60 and last traded at $26.2550. 152,004 shares changed hands during mid-day trading, an increase of 46% from the average session volume of 104,157 shares. The stock had previously closed at $28.54.

Analyst Upgrades and Downgrades

A number of research firms have commented on CDLR. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadeler A/S in a research note on Wednesday, January 21st. Fearnley Fonds upgraded Cadeler A/S to a “hold” rating in a research note on Monday, March 23rd. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Cadeler A/S Stock Performance

The stock has a market capitalization of $2.33 billion, a PE ratio of 7.37 and a beta of 0.68. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 1.00. The firm has a 50 day moving average price of $25.59 and a 200-day moving average price of $22.44.

Cadeler A/S (NYSE:CDLR) last announced its quarterly earnings results on Wednesday, March 25th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.23. The company had revenue of $196.49 million during the quarter, compared to analysts’ expectations of $170.48 million. Cadeler A/S had a return on equity of 20.60% and a net margin of 45.35%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CDLR. Rhumbline Advisers raised its position in Cadeler A/S by 45.2% during the first quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock valued at $43,000 after acquiring an additional 675 shares in the last quarter. Cetera Investment Advisers purchased a new position in Cadeler A/S during the second quarter valued at approximately $375,000. Invesco Ltd. purchased a new position in Cadeler A/S during the second quarter valued at approximately $4,555,000. Marshall Wace LLP raised its position in Cadeler A/S by 30.7% during the second quarter. Marshall Wace LLP now owns 85,440 shares of the company’s stock valued at $1,698,000 after acquiring an additional 20,079 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Cadeler A/S during the second quarter valued at approximately $34,000. 53.03% of the stock is currently owned by hedge funds and other institutional investors.

Cadeler A/S Company Profile

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.