Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Tidewater Inc. $TDW

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Tidewater Inc. (NYSE:TDW) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 20,484 shares of the oil and gas company’s stock, valued at approximately $1,036,000.

A number of other institutional investors have also added to or reduced their stakes in TDW. Hantz Financial Services Inc. increased its stake in Tidewater by 401.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 516 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 413 shares during the last quarter. Blume Capital Management Inc. increased its stake in Tidewater by 128.3% in the 3rd quarter. Blume Capital Management Inc. now owns 525 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 295 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Tidewater by 701.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 870 shares during the last quarter. Headlands Technologies LLC bought a new position in Tidewater in the 2nd quarter worth about $47,000. Finally, Wexford Capital LP bought a new position in Tidewater in the 3rd quarter worth about $56,000. 95.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TDW. Dawson James restated an “outperform” rating on shares of Tidewater in a research note on Tuesday, March 3rd. Raymond James Financial set a $117.00 target price on Tidewater in a research note on Tuesday, March 3rd. Barclays began coverage on Tidewater in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $80.00 target price on the stock. Finally, Zacks Research upgraded Tidewater from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $87.33.

Insider Transactions at Tidewater

In other news, EVP Samuel R. Rubio sold 22,461 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $80.05, for a total value of $1,798,003.05. Following the completion of the transaction, the executive vice president directly owned 60,066 shares in the company, valued at approximately $4,808,283.30. This represents a 27.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel A. Hudson sold 15,000 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $77.50, for a total value of $1,162,500.00. Following the completion of the transaction, the executive vice president owned 50,986 shares of the company’s stock, valued at $3,951,415. The trade was a 22.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 52,656 shares of company stock valued at $4,079,112 over the last quarter. Company insiders own 6.60% of the company’s stock.

Tidewater Price Performance

TDW opened at $87.75 on Monday. The stock has a 50-day moving average price of $81.82 and a 200-day moving average price of $65.34. Tidewater Inc. has a 12-month low of $37.32 and a 12-month high of $93.13. The company has a current ratio of 2.90, a quick ratio of 2.78 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $4.36 billion, a P/E ratio of 13.14 and a beta of 0.57.

Tidewater (NYSE:TDW) last posted its quarterly earnings data on Monday, March 2nd. The oil and gas company reported $4.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $3.64. Tidewater had a return on equity of 12.34% and a net margin of 24.74%.The firm had revenue of $336.80 million during the quarter, compared to analysts’ expectations of $329.39 million. During the same period in the prior year, the business earned $0.70 EPS. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. Equities analysts predict that Tidewater Inc. will post 4.04 earnings per share for the current fiscal year.

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.