Insider Selling: Bristow Group (NYSE:VTOL) CFO Sells $1,250,682.30 in Stock

Bristow Group Inc. (NYSE:VTOL) CFO Jennifer Dawn Whalen sold 26,667 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $46.90, for a total transaction of $1,250,682.30. Following the sale, the chief financial officer owned 108,241 shares in the company, valued at approximately $5,076,502.90. This trade represents a 19.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Bristow Group Trading Down 1.7%

Shares of Bristow Group stock opened at $44.77 on Thursday. Bristow Group Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $49.55. The business’s fifty day moving average is $42.64 and its two-hundred day moving average is $39.42. The company has a quick ratio of 1.54, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. The firm has a market cap of $1.31 billion, a PE ratio of 10.36 and a beta of 1.35.

Bristow Group (NYSE:VTOL) last released its earnings results on Wednesday, February 25th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.15. Bristow Group had a return on equity of 12.87% and a net margin of 8.66%.The firm had revenue of $377.26 million for the quarter, compared to the consensus estimate of $380.33 million.

Bristow Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Friday, March 13th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, March 13th.

Wall Street Analyst Weigh In

VTOL has been the subject of several research analyst reports. JonesTrading began coverage on Bristow Group in a research note on Friday, January 23rd. They set a “buy” rating for the company. Zacks Research raised shares of Bristow Group to a “hold” rating in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bristow Group in a research report on Wednesday, January 21st. Wall Street Zen downgraded shares of Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Raymond James Financial started coverage on shares of Bristow Group in a research note on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Institutional Investors Weigh In On Bristow Group

A number of hedge funds have recently bought and sold shares of VTOL. Amalgamated Bank increased its holdings in Bristow Group by 3.7% during the 3rd quarter. Amalgamated Bank now owns 7,253 shares of the company’s stock worth $262,000 after purchasing an additional 256 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Bristow Group by 1.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,886 shares of the company’s stock worth $801,000 after buying an additional 368 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Bristow Group by 0.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 79,189 shares of the company’s stock worth $2,900,000 after buying an additional 402 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in Bristow Group by 23.7% in the second quarter. Ameritas Investment Partners Inc. now owns 2,905 shares of the company’s stock valued at $96,000 after acquiring an additional 557 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Bristow Group by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock valued at $461,000 after acquiring an additional 609 shares during the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

About Bristow Group

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.