Franklin Resources Inc. Trims Holdings in Cadeler A/S (NYSE:CDLR)

Franklin Resources Inc. lowered its position in Cadeler A/S (NYSE:CDLR) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 207,496 shares of the company’s stock after selling 11,800 shares during the period. Franklin Resources Inc. owned approximately 0.24% of Cadeler A/S worth $4,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in shares of Cadeler A/S in the 4th quarter valued at $52,000. BNP Paribas Financial Markets acquired a new stake in Cadeler A/S during the 3rd quarter worth about $248,000. Apriem Advisors raised its stake in shares of Cadeler A/S by 3.5% during the 4th quarter. Apriem Advisors now owns 15,000 shares of the company’s stock valued at $335,000 after buying an additional 512 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Cadeler A/S by 19.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 71,171 shares of the company’s stock valued at $2,006,000 after buying an additional 11,483 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Cadeler A/S in the fourth quarter worth about $2,603,000. Institutional investors and hedge funds own 53.03% of the company’s stock.

Cadeler A/S Trading Up 0.8 %

Shares of NYSE:CDLR opened at $19.43 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.49. Cadeler A/S has a 12-month low of $17.37 and a 12-month high of $28.75. The business has a 50 day moving average of $19.39 and a two-hundred day moving average of $22.57. The company has a market capitalization of $1.70 billion, a PE ratio of 23.69 and a beta of 0.59.

Cadeler A/S (NYSE:CDLR) last announced its quarterly earnings results on Tuesday, March 25th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.13. The firm had revenue of $88.65 million for the quarter, compared to analysts’ expectations of $82.84 million. As a group, analysts forecast that Cadeler A/S will post 0.69 EPS for the current 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.