Cadeler A/S (NYSE:CDLR) Hits New 1-Year High – Still a Buy?

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s stock price hit a new 52-week high during mid-day trading on Monday. The company traded as high as $30.99 and last traded at $31.2260, with a volume of 68,698 shares changing hands. The stock had previously closed at $28.76.

Analysts Set New Price Targets

CDLR has been the subject of a number of recent analyst reports. Wall Street Zen raised Cadeler A/S from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings upgraded Cadeler A/S from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 1st. Three equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Cadeler A/S Stock Up 3.6%

The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 11.87 and a beta of 0.54. The business’s fifty day simple moving average is $24.10 and its 200 day simple moving average is $24.24. The company has a current ratio of 1.62, a quick ratio of 1.61 and a debt-to-equity ratio of 0.83.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Cetera Investment Advisers boosted its holdings in Cadeler A/S by 25.4% during the first 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 last quarter. QRG Capital Management Inc. raised its position in shares of Cadeler A/S by 40.1% in the second quarter. QRG Capital Management Inc. now owns 14,438 shares of the company’s stock valued at $316,000 after purchasing an additional 4,129 shares during the period. Renaissance Technologies LLC acquired a new stake in Cadeler A/S during the first quarter worth approximately $271,000. Finally, GAMMA Investing LLC grew its holdings in Cadeler A/S by 157.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,741 shares of the company’s stock valued at $38,000 after buying an additional 1,064 shares in the last quarter. 53.03% of the stock is currently owned by institutional investors.

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.