Cadeler A/S (NYSE:CDLR) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Cadeler A/S (NYSE:CDLR) from a sell rating to a hold rating in a report issued on Saturday morning.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Cadeler A/S in a research report on Tuesday, August 18th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, Cadeler A/S currently has a consensus rating of “Hold”.

Cadeler A/S Stock Performance

Shares of CDLR stock opened at $25.08 on Friday. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 9.99 and a beta of 0.66. The company’s 50 day moving average is $22.93 and its 200 day moving average is $24.50. The company has a quick ratio of 1.29, a current ratio of 1.62 and a debt-to-equity ratio of 0.83. Cadeler A/S has a 52-week low of $15.37 and a 52-week high of $30.01.

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

Institutional Investors Weigh In On Cadeler A/S

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new stake in Cadeler A/S in the first quarter valued at approximately $271,000. Cetera Investment Advisers increased its position in shares of 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 in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Cadeler A/S during the 1st quarter valued at $243,000. Blue Trust Inc. purchased a new stake in shares of Cadeler A/S during the 1st quarter valued at $42,000. Finally, Invesco Ltd. boosted its position in shares of Cadeler A/S by 50.0% in the 4th quarter. Invesco Ltd. now owns 644,239 shares of the company’s stock worth $11,976,000 after purchasing an additional 214,683 shares in the last quarter. Hedge funds and other institutional investors own 53.03% of the company’s stock.

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.