Cadeler A/S (NYSE:CDLR) Hits New 1-Year High at $27.34

Cadeler A/S (NYSE:CDLR) shares reached a new 52-week high on Tuesday . The stock traded as high as $27.34 and last traded at $27.34, with a volume of 5890 shares. The stock had previously closed at $26.90.

Analyst Ratings Changes

Separately, Stifel Nicolaus lifted their price objective on shares of Cadeler A/S from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, June 24th.

Cadeler A/S Stock Performance

The company has a current ratio of 2.29, a quick ratio of 2.28 and a debt-to-equity ratio of 0.30. The firm’s 50-day moving average is $25.82 and its 200 day moving average is $22.73.

Cadeler A/S (NYSE:CDLR) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The firm had revenue of $67.98 million during the quarter, compared to the consensus estimate of $73.00 million. On average, analysts expect that Cadeler A/S will post 0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cadeler A/S

Large investors have recently added to or reduced their stakes in the business. Price Jennifer C. bought a new position in Cadeler A/S during the second quarter worth $1,955,000. Encompass Capital Advisors LLC boosted its position in shares of Cadeler A/S by 1.2% during the 2nd quarter. Encompass Capital Advisors LLC now owns 1,015,310 shares of the company’s stock worth $25,413,000 after purchasing an additional 11,638 shares in the last quarter. Trium Capital LLP grew its stake in shares of Cadeler A/S by 39.5% in the 2nd quarter. Trium Capital LLP now owns 16,363 shares of the company’s stock valued at $410,000 after buying an additional 4,636 shares during the period. Summit Securities Group LLC increased its position in Cadeler A/S by 129.0% in the 2nd quarter. Summit Securities Group LLC now owns 19,584 shares of the company’s stock valued at $490,000 after buying an additional 11,031 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Cadeler A/S by 107.3% during the 1st quarter. Janus Henderson Group PLC now owns 792,218 shares of the company’s stock worth $14,371,000 after buying an additional 410,148 shares during the period. Institutional investors and hedge funds own 53.03% of the company’s stock.

About Cadeler A/S

Cadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. It also provides wind farm construction, maintenance, decommissioning, and other tasks within the offshore industry, as well as marine and engineering services. The company owns and operates four offshore jack-up windfarm installation vessels.