Tidewater Inc. (NYSE:TDW) Shares Sold by Boston Partners

Boston Partners lessened its stake in Tidewater Inc. (NYSE:TDW) by 98.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,136 shares of the oil and gas company’s stock after selling 1,315,428 shares during the quarter. Boston Partners’ holdings in Tidewater were worth $1,156,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC acquired a new stake in shares of Tidewater in the 4th quarter valued at about $33,000. AlphaQuest LLC grew its position in shares of Tidewater by 177.4% during the 4th quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 511 shares during the last quarter. Quarry LP grew its position in shares of Tidewater by 187.6% during the 3rd quarter. Quarry LP now owns 814 shares of the oil and gas company’s stock valued at $58,000 after buying an additional 531 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new stake in shares of Tidewater during the 3rd quarter valued at about $65,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Tidewater by 45.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company’s stock valued at $58,000 after buying an additional 333 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Tidewater Price Performance

NYSE TDW opened at $42.04 on Friday. Tidewater Inc. has a 52 week low of $38.65 and a 52 week high of $111.42. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 12.36 and a beta of 1.06. The company has a 50-day moving average price of $49.91 and a two-hundred day moving average price of $56.56.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Evercore ISI downgraded shares of Tidewater from an “outperform” rating to an “in-line” rating and lowered their price objective for the company from $112.00 to $68.00 in a research report on Wednesday, January 15th. DNB Markets assumed coverage on shares of Tidewater in a research report on Friday, November 29th. They set a “buy” rating and a $70.00 price objective for the company. Finally, Pickering Energy Partners downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Tidewater has a consensus rating of “Moderate Buy” and a consensus price target of $92.50.

Insiders Place Their Bets

In related news, Director Robert Robotti acquired 1,770 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $40.95 per share, for a total transaction of $72,481.50. Following the completion of the acquisition, the director now directly owns 2,183,670 shares of the company’s stock, valued at approximately $89,421,286.50. The trade was a 0.08 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 8.33% of the stock is owned by insiders.

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.