Cadeler A/S (NYSE:CDLR) Sees Large Volume Increase – What’s Next?

Cadeler A/S Sponsored ADR (NYSE:CDLR) shares saw an uptick in trading volume on Friday . 106,705 shares traded hands during mid-day trading, an increase of 73% from the previous session’s volume of 61,642 shares.The stock last traded at $16.9950 and had previously closed at $17.06.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Cadeler A/S in a research note on Wednesday, October 8th. Wall Street Zen cut Cadeler A/S from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Cadeler A/S Price Performance

The business has a 50-day moving average price of $20.18 and a two-hundred day moving average price of $20.53. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 5.72 and a beta of 0.23.

Cadeler A/S (NYSE:CDLR) last released its quarterly earnings data on Tuesday, August 26th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $1.51. The firm had revenue of $136.09 million for the quarter, compared to analyst estimates of $128.33 million. Cadeler A/S had a net margin of 50.69% and a return on equity of 19.18%. As a group, research analysts anticipate that Cadeler A/S Sponsored ADR will post 0.69 EPS for the current year.

Institutional Investors Weigh In On Cadeler A/S

A number of institutional investors have recently added to or reduced their stakes in CDLR. Raymond James Financial Inc. purchased a new position in shares of Cadeler A/S in the 2nd quarter worth approximately $34,000. Rhumbline Advisers lifted its holdings in Cadeler A/S by 45.2% during the first quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock worth $43,000 after acquiring an additional 675 shares during the period. Bank of America Corp DE boosted its position in Cadeler A/S by 10,418.8% in the second quarter. Bank of America Corp DE now owns 3,366 shares of the company’s stock worth $67,000 after purchasing an additional 3,334 shares during the last quarter. Steinberganna Wealth Management bought a new position in Cadeler A/S in the 3rd quarter valued at $214,000. Finally, Cetera Investment Advisers bought a new position in Cadeler A/S in the 2nd quarter valued at $375,000. 53.03% of the stock is owned by institutional investors.

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.