Cadeler A/S (NYSE:CDLR) Hits New 52-Week High – Still a Buy?

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

Analyst Ratings Changes

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

Cadeler A/S Price Performance

The company has a market cap of $2.34 billion, a P/E ratio of 7.79 and a beta of 0.19. The company’s 50-day moving average price is $21.36 and its two-hundred day moving average price is $20.28. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.82.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in Cadeler A/S by 17.7% during the third quarter. Bank of America Corp DE now owns 3,963 shares of the company’s stock worth $82,000 after purchasing an additional 597 shares during the last quarter. Rhumbline Advisers boosted its holdings 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 buying an additional 675 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Cadeler A/S by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,547 shares of the company’s stock valued at $1,498,000 after buying an additional 985 shares during the period. Steinberganna Wealth Management grew its position in shares of Cadeler A/S by 10.1% during the 4th quarter. Steinberganna Wealth Management now owns 11,431 shares of the company’s stock valued at $213,000 after buying an additional 1,047 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Cadeler A/S during the second quarter worth about $34,000. Institutional investors and hedge funds own 53.03% of the company’s stock.

Cadeler A/S Company Profile

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.