Bank of Montreal Can Has $291,000 Position in Tidewater Inc. (NYSE:TDW)

Bank of Montreal Can boosted its holdings in shares of Tidewater Inc. (NYSE:TDW) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,313 shares of the oil and gas company’s stock after acquiring an additional 608 shares during the period. Bank of Montreal Can’s holdings in Tidewater were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. grew its stake in shares of Tidewater by 42,719.6% in the fourth quarter. Pacer Advisors Inc. now owns 1,394,207 shares of the oil and gas company’s stock valued at $76,277,000 after buying an additional 1,390,951 shares in the last quarter. Norges Bank bought a new stake in Tidewater during the fourth quarter worth about $32,388,000. Villere ST Denis J & Co. LLC increased its stake in shares of Tidewater by 35.1% in the 4th quarter. Villere ST Denis J & Co. LLC now owns 486,808 shares of the oil and gas company’s stock valued at $26,633,000 after purchasing an additional 126,441 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in Tidewater by 135.6% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 219,183 shares of the oil and gas company’s stock valued at $11,992,000 after purchasing an additional 126,162 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Tidewater by 17.5% during the fourth quarter. Van ECK Associates Corp now owns 836,253 shares of the oil and gas company’s stock worth $45,752,000 after purchasing an additional 124,610 shares during the last quarter. Institutional investors own 95.13% of the company’s stock.

Tidewater Stock Up 0.7 %

Shares of TDW opened at $34.07 on Thursday. The firm has a market cap of $1.75 billion, a P/E ratio of 10.02 and a beta of 0.70. Tidewater Inc. has a 1 year low of $31.17 and a 1 year high of $111.42. The stock has a 50 day simple moving average of $41.13 and a two-hundred day simple moving average of $50.55. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19.

Insider Buying and Selling

In related news, Director Robert Robotti acquired 25,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $40.11 per share, for a total transaction of $1,002,750.00. Following the completion of the acquisition, the director now owns 2,208,670 shares in the company, valued at approximately $88,589,753.70. This represents a 1.14 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 8.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TDW shares. Evercore ISI downgraded Tidewater from an “outperform” rating to an “in-line” rating and lowered their target price for the stock from $112.00 to $68.00 in a report on Wednesday, January 15th. Pickering Energy Partners cut Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Tidewater currently has an average rating of “Moderate Buy” and an average price target of $92.50.

Tidewater Company Profile

Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.