F M Investments LLC acquired a new position in Cadeler A/S (NYSE:CDLR – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 289,741 shares of the company’s stock, valued at approximately $5,331,000. Cadeler A/S makes up about 3.0% of F M Investments LLC’s investment portfolio, making the stock its 8th largest holding. F M Investments LLC owned about 0.35% of Cadeler A/S at the end of the most recent quarter.
Cadeler A/S Trading Up 2.7 %
Shares of NYSE:CDLR traded up $0.47 during midday trading on Tuesday, reaching $17.98. 38,665 shares of the company’s stock traded hands, compared to its average volume of 107,760. Cadeler A/S has a 1 year low of $16.29 and a 1 year high of $19.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.75 and a quick ratio of 2.72. The company has a fifty day simple moving average of $17.71.
Analyst Ratings Changes
Separately, Stifel Nicolaus initiated coverage on Cadeler A/S in a research report on Thursday, January 4th. They set a “buy” rating and a $35.00 target price on the stock.
Cadeler A/S Profile
Cadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. It also provides wind farm maintenance, construction, 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.
Featured Articles
- Five stocks we like better than Cadeler A/S
- P/E Ratio Calculation: How to Assess Stocks
- Charles Schwab Fortifies its Uptrend on EPS Beat
- The “How” and “Why” of Investing in 5G Stocks
- Lockheed Martin Stock Aims for a Fresh All-Time High
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Beyond the Halving: The Future of Bitcoin Mining Stocks
Want to see what other hedge funds are holding CDLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cadeler A/S (NYSE:CDLR – Free Report).
Receive News & Ratings for Cadeler A/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cadeler A/S and related companies with MarketBeat.com's FREE daily email newsletter.