Villere St Denis Trims Tidewater Position Following Strong 2026 Rally

Villere St Denis J & Co LLC has decreased its exposure to Tidewater Inc. (TDW), selling 134,355 shares for an estimated $9.34 million, according to a recent SEC filing dated April 30, 2026. The sale represents a reduction of nearly one-third of the firm's position in the offshore marine support specialist. Despite the divestment, the remaining holding of 292,866 shares is valued at $24.47 million. The move appears to be a profit-taking or rebalancing effort, as Tidewater's stock has surged approximately 73.9% so far in 2026, with a notable price spike occurring in early March. The position's overall value still grew by 13% during the first quarter despite the share reduction. Tidewater continues to demonstrate strong operational efficiency and cash generation. In 2025, the company recorded $426 million in free cash flow from total revenues of $1.35 billion. For the 2026 fiscal year, the company has provided revenue guidance in the range of $1.43 billion to $1.48 billion. Market participants are now focusing on the company's upcoming earnings report, scheduled for release on Monday, May 4, after the market closes. Given the current environment of rising global oil prices, investors are anticipating potential upward revisions to the company's financial guidance.