Vanguard Personalized Indexing Management LLC Makes New $200,000 Investment in Tidewater Inc. $TDW

Vanguard Personalized Indexing Management LLC bought a new position in shares of Tidewater Inc. (NYSE:TDW) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,341 shares of the oil and gas company’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in shares of Tidewater by 69.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,904,826 shares of the oil and gas company’s stock worth $165,058,000 after purchasing an additional 1,598,513 shares in the last quarter. Robotti Robert grew its stake in shares of Tidewater by 8.5% during the first quarter. Robotti Robert now owns 2,856,631 shares of the oil and gas company’s stock worth $120,750,000 after purchasing an additional 223,651 shares in the last quarter. Third Avenue Management LLC grew its stake in shares of Tidewater by 37.6% during the first quarter. Third Avenue Management LLC now owns 809,258 shares of the oil and gas company’s stock worth $34,207,000 after purchasing an additional 221,079 shares in the last quarter. Hosking Partners LLP grew its stake in shares of Tidewater by 81.0% during the first quarter. Hosking Partners LLP now owns 394,257 shares of the oil and gas company’s stock worth $16,665,000 after purchasing an additional 176,494 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. grew its stake in shares of Tidewater by 4.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 336,282 shares of the oil and gas company’s stock worth $14,215,000 after purchasing an additional 14,295 shares in the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Wall Street Analyst Weigh In

TDW has been the subject of a number of analyst reports. Zacks Research downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Dnb Nor Markets downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Evercore ISI upped their price objective on shares of Tidewater from $60.00 to $67.00 and gave the company an “in-line” rating in a research note on Wednesday, August 6th. Fearnley Fonds upgraded shares of Tidewater to a “hold” rating in a research note on Tuesday, September 16th. Finally, BTIG Research downgraded shares of Tidewater from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $69.00.

Insider Transactions at Tidewater

In other Tidewater news, EVP Daniel A. Hudson sold 10,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $57.56, for a total value of $575,600.00. Following the completion of the transaction, the executive vice president directly owned 75,986 shares of the company’s stock, valued at approximately $4,373,754.16. This trade represents a 11.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 6.60% of the company’s stock.

Tidewater Trading Down 4.1%

NYSE TDW opened at $49.33 on Friday. The stock has a market capitalization of $2.44 billion, a P/E ratio of 12.78 and a beta of 1.05. Tidewater Inc. has a 52-week low of $31.17 and a 52-week high of $65.76. The firm has a 50-day moving average price of $55.28 and a 200 day moving average price of $48.41. The company has a quick ratio of 2.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.47.

Tidewater (NYSE:TDW) last posted its quarterly earnings results on Monday, August 4th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.95. The firm had revenue of $341.43 million during the quarter, compared to analysts’ expectations of $317.28 million. Tidewater had a net margin of 14.62% and a return on equity of 16.74%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. Tidewater has set its FY 2025 guidance at EPS. Equities research analysts expect that Tidewater Inc. will post 3.25 EPS for the current year.

Tidewater announced that its board has approved a stock repurchase plan on Monday, August 4th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the oil and gas company to purchase up to 21.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.