Cadeler A/S (NYSE:CDLR) Sets New 12-Month High – Here’s Why

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $26.48 and last traded at $26.5630, with a volume of 5159 shares trading hands. The stock had previously closed at $25.90.

Analyst Ratings Changes

A number of brokerages have recently commented on CDLR. Pareto Securities upgraded shares of Cadeler A/S to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadeler A/S in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Cadeler A/S presently has an average rating of “Hold”.

Cadeler A/S Stock Performance

The stock has a market cap of $2.34 billion, a PE ratio of 7.79 and a beta of 0.19. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.07 and a quick ratio of 1.06. The stock has a 50-day simple moving average of $21.36 and a 200-day simple moving average of $20.28.

Institutional Investors Weigh In On Cadeler A/S

Several institutional investors have recently bought and sold shares of the business. Rhumbline Advisers raised its stake in shares of Cadeler A/S by 45.2% in the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock valued at $43,000 after acquiring an additional 675 shares during the period. Cetera Investment Advisers purchased a new position in Cadeler A/S in the second quarter valued at about $375,000. Invesco Ltd. acquired a new position in shares of Cadeler A/S during the second quarter worth about $4,555,000. Marshall Wace LLP lifted its stake in shares of Cadeler A/S by 30.7% during 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 in the last quarter. Finally, Diametric Capital LP purchased a new stake in shares of Cadeler A/S in the second quarter worth about $391,000. 53.03% of the stock is currently owned by hedge funds and other institutional investors.

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.