Boston Partners Has $1.16 Million Stock Position in Tidewater Inc. (NYSE:TDW)

Boston Partners lessened its holdings in Tidewater Inc. (NYSE:TDW - Free Report) by 98.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Tejara Capital Ltd bought a new stake in shares of Tidewater during the 4th quarter valued at about $2,167,000. Cibc World Markets Corp acquired a new position in Tidewater in the fourth quarter valued at approximately $250,000. Commonwealth Equity Services LLC bought a new position in shares of Tidewater during the fourth quarter valued at approximately $293,000. Thompson Siegel & Walmsley LLC raised its position in shares of Tidewater by 135.6% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 219,183 shares of the oil and gas company's stock worth $11,992,000 after purchasing an additional 126,162 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Tidewater by 45.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company's stock worth $58,000 after purchasing an additional 333 shares during the last quarter. 95.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robert Robotti purchased 25,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the transaction, the director now owns 2,208,670 shares in the company, valued at $88,589,753.70. This trade represents a 1.14 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.33% of the stock is owned by insiders.

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Analyst Ratings Changes

Several equities research analysts have weighed in on TDW shares. DNB Markets began coverage on Tidewater in a research report on Friday, November 29th. They issued a "buy" rating and a $70.00 target price on the stock. Pickering Energy Partners cut shares of Tidewater from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Evercore ISI lowered shares of Tidewater from an "outperform" rating to an "in-line" rating and reduced their target price for the company from $112.00 to $68.00 in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.50.

Tidewater Stock Performance

Shares of TDW traded up $0.99 during trading hours on Wednesday, reaching $44.50. 796,929 shares of the company's stock traded hands, compared to its average volume of 1,011,964. Tidewater Inc. has a twelve month low of $38.65 and a twelve month high of $111.42. The business's fifty day simple moving average is $49.47 and its two-hundred day simple moving average is $55.94. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 13.09 and a beta of 1.06.

Tidewater 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.