6,848 Shares in Tidewater Inc. $TDW Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC bought a new position in shares of Tidewater Inc. (NYSE:TDW) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 6,848 shares of the oil and gas company’s stock, valued at approximately $346,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TDW. Royal Bank of Canada raised its holdings in Tidewater by 22.6% during the first quarter. Royal Bank of Canada now owns 23,169 shares of the oil and gas company’s stock worth $980,000 after purchasing an additional 4,278 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Tidewater by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,028 shares of the oil and gas company’s stock worth $1,227,000 after purchasing an additional 1,271 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Tidewater by 4.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 44,833 shares of the oil and gas company’s stock worth $1,895,000 after purchasing an additional 1,931 shares in the last quarter. Cetera Investment Advisers raised its holdings in Tidewater by 4.1% during the second quarter. Cetera Investment Advisers now owns 8,010 shares of the oil and gas company’s stock worth $370,000 after purchasing an additional 314 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Tidewater by 12.1% during the second quarter. Invesco Ltd. now owns 227,443 shares of the oil and gas company’s stock worth $10,492,000 after purchasing an additional 24,609 shares in the last quarter. Institutional investors own 95.13% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Samuel R. Rubio sold 22,461 shares of Tidewater stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $80.05, for a total transaction of $1,798,003.05. Following the transaction, the executive vice president owned 60,066 shares in the company, valued at approximately $4,808,283.30. The trade was a 27.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel A. Hudson sold 15,000 shares of Tidewater stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $77.50, for a total value of $1,162,500.00. Following the transaction, the executive vice president owned 50,986 shares in the company, valued at $3,951,415. This represents a 22.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 42,656 shares of company stock worth $3,379,012 in the last quarter. 5.90% of the stock is currently owned by corporate insiders.

Tidewater Price Performance

TDW opened at $81.72 on Friday. The firm has a market capitalization of $4.06 billion, a P/E ratio of 13.69 and a beta of 0.57. The stock has a fifty day moving average of $82.16 and a 200-day moving average of $67.17. The company has a quick ratio of 3.22, a current ratio of 3.33 and a debt-to-equity ratio of 0.48. Tidewater Inc. has a 12-month low of $38.24 and a 12-month high of $93.13.

Tidewater (NYSE:TDW) last issued its quarterly earnings results on Monday, May 4th. The oil and gas company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.63). Tidewater had a net margin of 22.16% and a return on equity of 8.79%. The business had revenue of $326.22 million for the quarter, compared to analysts’ expectations of $322.83 million. During the same quarter in the prior year, the firm posted $0.83 EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. Equities analysts forecast that Tidewater Inc. will post 3.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on TDW. Zacks Research raised Tidewater from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Dawson James reaffirmed an “outperform” rating on shares of Tidewater in a report on Tuesday, March 3rd. Barclays upped their price target on Tidewater from $80.00 to $86.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Raymond James Financial set a $117.00 price target on Tidewater in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $89.33.

Tidewater Company Profile

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.