Cadeler A/S (NYSE:CDLR) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its position in Cadeler A/S (NYSE:CDLR) by 107.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 792,218 shares of the company’s stock after acquiring an additional 410,148 shares during the quarter. Janus Henderson Group PLC’s holdings in Cadeler A/S were worth $14,371,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Cadeler A/S in the fourth quarter valued at $15,681,000. Segantii Capital Management Ltd acquired a new position in Cadeler A/S in the fourth quarter valued at $9,241,000. F M Investments LLC acquired a new position in Cadeler A/S in the fourth quarter valued at $5,331,000. Franklin Resources Inc. acquired a new position in Cadeler A/S in the fourth quarter valued at $4,318,000. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of Cadeler A/S during the fourth quarter worth about $3,021,000. Institutional investors and hedge funds own 53.03% of the company’s stock.

Analysts Set New Price Targets

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

Cadeler A/S Trading Up 1.6 %

Shares of CDLR opened at $26.04 on Thursday. The stock’s 50-day moving average is $24.75 and its two-hundred day moving average is $20.48. Cadeler A/S has a 12 month low of $16.29 and a 12 month high of $26.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.51 and a current ratio of 3.53.

Cadeler A/S (NYSE:CDLR) last released its quarterly earnings results on Tuesday, May 28th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.11. The business had revenue of $20.70 million during the quarter, compared to analyst estimates of $14.36 million. On average, research analysts anticipate that Cadeler A/S will post 0.71 earnings per share for the current fiscal year.

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.