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

Cadeler A/S (NYSE:CDLR) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other research firms have also commented on CDLR. Weiss Ratings lowered shares of Cadeler A/S from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Fearnley Fonds upgraded Cadeler A/S to a “hold” rating in a research report on Monday, March 23rd. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Cadeler A/S has a consensus rating of “Hold”.

Cadeler A/S Stock Down 3.7%

Shares of NYSE CDLR opened at $23.81 on Friday. Cadeler A/S has a 52-week low of $15.37 and a 52-week high of $30.01. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.29 and a current ratio of 1.31. The business has a fifty day moving average of $26.14 and a two-hundred day moving average of $23.18. The stock has a market cap of $2.30 billion, a PE ratio of 6.86 and a beta of 0.57.

Cadeler A/S (NYSE:CDLR) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.24). The firm had revenue of $144.38 million for the quarter, compared to the consensus estimate of $174.30 million. Cadeler A/S had a net margin of 39.61% and a return on equity of 18.00%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in Cadeler A/S in the 4th quarter valued at $206,000. Invesco Ltd. boosted its position in Cadeler A/S by 50.0% in the 4th quarter. Invesco Ltd. now owns 644,239 shares of the company’s stock valued at $11,976,000 after buying an additional 214,683 shares during the last quarter. Marshall Wace LLP increased its position in Cadeler A/S by 30.7% in the second quarter. Marshall Wace LLP now owns 85,440 shares of the company’s stock worth $1,698,000 after purchasing an additional 20,079 shares during the period. Jump Financial LLC bought a new stake in Cadeler A/S during the 4th quarter worth about $984,000. Finally, Cetera Investment Advisers lifted its position in Cadeler A/S by 19.0% during the 4th quarter. Cetera Investment Advisers now owns 26,509 shares of the company’s stock valued at $493,000 after purchasing an additional 4,228 shares during the period. 53.03% of the stock is currently owned by 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.