Villere ST Denis J & Co. LLC Sells 14,726 Shares of Tidewater Inc. $TDW

Villere ST Denis J & Co. LLC reduced its position in Tidewater Inc. (NYSE:TDW) by 3.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 446,176 shares of the oil and gas company’s stock after selling 14,726 shares during the quarter. Tidewater makes up 2.3% of Villere ST Denis J & Co. LLC’s portfolio, making the stock its 23rd largest holding. Villere ST Denis J & Co. LLC owned approximately 0.90% of Tidewater worth $23,795,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Robotti Robert raised its stake in Tidewater by 3.3% during the second quarter. Robotti Robert now owns 2,951,533 shares of the oil and gas company’s stock worth $136,154,000 after acquiring an additional 94,902 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Tidewater by 291.8% in the 2nd quarter. American Century Companies Inc. now owns 556,481 shares of the oil and gas company’s stock worth $25,670,000 after purchasing an additional 414,454 shares during the last quarter. River Road Asset Management LLC grew its holdings in shares of Tidewater by 86.0% in the 2nd quarter. River Road Asset Management LLC now owns 101,780 shares of the oil and gas company’s stock worth $5,090,000 after purchasing an additional 47,049 shares during the last quarter. Creative Planning increased its position in shares of Tidewater by 169.9% during the 2nd quarter. Creative Planning now owns 25,188 shares of the oil and gas company’s stock worth $1,162,000 after purchasing an additional 15,854 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its holdings in Tidewater by 14.3% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 744,237 shares of the oil and gas company’s stock valued at $34,332,000 after purchasing an additional 92,884 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Tidewater Stock Up 3.4%

Shares of NYSE:TDW opened at $64.64 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.89 and a quick ratio of 2.79. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 21.77 and a beta of 0.64. The company has a 50 day moving average of $55.67 and a 200-day moving average of $54.85. Tidewater Inc. has a one year low of $31.17 and a one year high of $65.14.

Tidewater (NYSE:TDW) last announced its quarterly earnings data on Tuesday, November 11th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.48). The business had revenue of $341.11 million during the quarter, compared to the consensus estimate of $328.84 million. Tidewater had a net margin of 11.14% and a return on equity of 14.86%. Tidewater’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 earnings per share. On average, sell-side analysts forecast that Tidewater Inc. will post 3.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TDW. Dnb Nor Markets cut shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tidewater in a report on Monday, December 29th. Zacks Research upgraded Tidewater from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Evercore ISI dropped their target price on shares of Tidewater from $67.00 to $65.00 and set an “in-line” rating for the company in a research note on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Tidewater currently has a consensus rating of “Hold” and an average price target of $67.50.

About Tidewater

Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.

The company’s fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.