Cadeler A/S (NYSE:CDLR) Sees Strong Trading Volume – Time to Buy?

Cadeler A/S Sponsored ADR (NYSE:CDLR) shares saw strong trading volume on Wednesday . 95,408 shares were traded during mid-day trading, a decline of 9% from the previous session’s volume of 105,234 shares.The stock last traded at $27.11 and had previously closed at $26.27.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Fearnley Fonds raised Cadeler A/S to a “hold” rating in a report on Monday, March 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadeler A/S in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Cadeler A/S has an average rating of “Hold”.

Cadeler A/S Stock Performance

The company has a market capitalization of $2.39 billion, a PE ratio of 7.56 and a beta of 0.68. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.10 and a current ratio of 1.11. The stock’s fifty day simple moving average is $25.64 and its 200-day simple moving average is $22.49.

Cadeler A/S (NYSE:CDLR) last released its earnings results on Wednesday, May 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). The firm had revenue of $144.38 million during the quarter, compared to analysts’ expectations of $174.30 million. Cadeler A/S had a net margin of 45.35% and a return on equity of 20.60%.

Hedge Funds Weigh In On Cadeler A/S

Several large investors have recently added to or reduced their stakes in CDLR. Rhumbline Advisers lifted 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 worth $43,000 after buying an additional 675 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Cadeler A/S during the 2nd quarter valued at about $375,000. Invesco Ltd. acquired a new stake in Cadeler A/S during the 2nd quarter valued at approximately $4,555,000. Marshall Wace LLP grew its stake in Cadeler A/S by 30.7% during the 2nd quarter. Marshall Wace LLP now owns 85,440 shares of the company’s stock valued at $1,698,000 after purchasing an additional 20,079 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Cadeler A/S during the 2nd 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.