Franklin Resources Inc. Decreases Stake in Cadeler A/S (NYSE:CDLR)

Franklin Resources Inc. lessened its holdings in shares of Cadeler A/S (NYSE:CDLR) by 5.4% in the 4th quarter, Holdings Channel reports. The fund owned 207,496 shares of the company’s stock after selling 11,800 shares during the quarter. Franklin Resources Inc.’s holdings in Cadeler A/S were worth $4,633,000 at the end of the most recent reporting period.

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

Cadeler A/S Trading Up 0.8 %

Shares of CDLR stock 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 twelve month low of $17.37 and a twelve month high of $28.75. The company’s 50-day moving average price is $19.39 and its 200-day moving average price is $22.57. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 23.69 and a beta of 0.59.

Cadeler A/S (NYSE:CDLR) last posted its earnings results on Tuesday, March 25th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.13. The firm had revenue of $88.65 million during the quarter, compared to analyst estimates of $82.84 million. As a group, equities analysts predict that Cadeler A/S will post 0.69 earnings per share 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.