Villere St Denis Dumps 134,000 Tidewater (TDW) Shares Worth $9.3 Million

2 hours ago 2

Cory Renauer, The Motley Fool

Sat, May 2, 2026 astatine 10:08 AM CDT 4 min read

What happened

According to a recent SEC filing dated April 30, 2026, Villere St Denis J & Co LLC reduced its vulnerability to Tidewater (NYSE:TDW) by 134,355 shares. The estimated transaction value, calculated utilizing the quarter’s mean closing price, is astir $9.34 million. The quarter-end worth of the presumption shifted by $2.89 million, which accounts for some stock simplification and marketplace terms changes. The money present holds 292,866 shares, worthy $24.47 million.

What other to cognize

The money sold shares, leaving Tidewater astatine 2.7% of 13F assets nether management
Top holdings aft the filing include:
- NYSE:CVX: $40.36 cardinal (4.5% of AUM)
- NASDAQ:LGND: $37.71 cardinal (4.2% of AUM)
- NYSE:JPM: $37.69 cardinal (4.2% of AUM)
- NYSE:V: $34.93 cardinal (3.9% of AUM)
- NYSE:LMT: $32.86 cardinal (3.6% of AUM)
As of April 29, 2026, shares were priced astatine $88.33, up 134.8% implicit the past year, outperforming the S&P 500 by 106.47 percent points

Company Overview

Metric

Value

Revenue (TTM)	$1.35 billion
Net Income (TTM)	$333.45 million
Price (as of marketplace adjacent 2026-05-01)	$87.85
One-Year Price Change	135.1%

Company Snapshot

Provides offshore marine enactment and proscription services, including level proviso vessels, anchor handling tug proviso vessels, and specialized marine services for oil, gas, and windfarm projects.
Generates gross chiefly done the cognition and chartering of its fleet, supporting exploration, development, and accumulation activities successful the offshore vigor sector.
Serves a planetary lawsuit basal of lipid and earthy state companies, autarkic exploration and accumulation firms, government-controlled organizations, and offshore operation and windfarm improvement companies.

Specializing successful offshore marine support, Tidewater serves planetary vigor clients crossed oil, gas, and windfarm projects. Tidewater Inc. is simply a starring supplier of marine enactment services to the offshore vigor industry, operating a diversified planetary fleet. The company's standard and specialized capabilities presumption it to enactment some accepted lipid and state operations arsenic good arsenic the increasing offshore upwind sector. Its wide lawsuit basal and absorption connected operational excellence lend to a resilient and competitory concern model.

What this transaction means for investors

Villere St Denis sold astir 31% of its Tidewater involvement during the archetypal quarter, but this could person been a rebalancing decision. The firm’s largest presumption makes up conscionable 4.5% of the portfolio.

Tidewater banal is up by astir 73.9% successful 2026. It looks similar Villere St Denis reduced its involvement aft the banal spiked successful aboriginal March. Despite reducing its shares by astir a third, the position’s worth grew by 13% during the archetypal quarter.

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